I moderated a panel yesterday at an annual MFA conference in Key Biscayne, Florida. It was an interesting experience to see the disadvantages that traders often face in trying to win institutional investors over to their way of thinking. Most interesting thing heard for me? Apparently some United States Senators, with oversight over the CFTC, are unaware of the term managed futures (primarily trend following traders). With over $100 billion dollars invested in managed futures programs that kind of ignorance is startling.