The problem with when a mainstream business outlook writes about the futures industry is they usually get it wrong and unless someone from the industry responds, no one questions it. Worse, others pick up on the flawed story and repeats it without questioning it. This happened when, of all outlets, National Public Radio interviewed David Evans the author of the Bloomberg Oct. 7 story, “How Investors Lose 89 Percent of Gains from Futures Funds.”
Yesterday we pointed out how one industry veteran responded and today Attain Capital Management responded in its blog after being frozen out of the op ed page of nearly every major business media outlet. That is interesting, don’t you think? No one was willing to run a rebuttal to a pretty obviously biased and flawed story.
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