The evidence on managed futures is quite robust. While I will only cover a sampling of the many research studies concerning managed futures, the following will serve as sufficient evidence to make the case for managed futures in long-term investment portfolios. The most logical place to start this analysis is in the landmark study by John Lintner as discussed in The Hedge Fund Journal: John Lintner first widely published several of these benefits in his seminal 1983 paper, "The Potential Role of Managed Commodity-Financial Futures Accounts (and/or Funds) in Portfolios of Stocks and Bonds."