TY - JOUR T1 - Market Vision and Investment Styles JF - The Journal of Alternative Investments SP - 77 LP - 82 DO - 10.3905/jai.1999.318905 VL - 2 IS - 3 AU - Mark S. Rzepczynski Y1 - 1999/12/31 UR - https://pm-research.com/content/2/3/77.abstract N2 - 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. ER -