Managed Futures

It's just a portfolio of futures. Purchases of the rights to buy, or actual purchases of, say, barrels of oil at 50 bucks each next year, the year after that, the year after that, etc.

Why would you even have a managed set of futures? Well, if you're an airline, highly sensitive to fuel prices and Middle East peace, you'll want this. Why managed? Well, prices and prognostications of future peace...change all the time. Computers can't really guess very well (yet), so a bundle of managed futures for, say, Southwest Airlines would protect them in all kinds of weather (financial).