PT  - JOURNAL ARTICLE
AU  - Mark S. Rzepczynski
TI  - Market Vision and Investment Styles
AID  - 10.3905/jai.1999.318905
DP  - 1999 Dec 31
TA  - The Journal of Alternative Investments
PG  - 77--82
VI  - 2
IP  - 3
4099  - https://pm-research.com/content/2/3/77.short
4100  - https://pm-research.com/content/2/3/77.full
AB  - The development of a simple taxonomy for trading style based on a worldview can serve as an important differentiation across money managers and provide insight into how many managers expect to generate returns. For instance, a taxonomy for active management can divide trading behavior into two broad types: convergent and divergent. The convergent–divergent dichotomy effectively encompasses the behavior of a broad universe of money managers and can be applied across a wide variety of asset types. This trading dichotomy can describe the philosophical differences between hedge funds and managed futures funds as well as similarities across asset types.