Futures assistance, understand, long

adehbone

I am not sure I understand when you would go long or short futures contracts. For instance if you own the portfolio does that mean you are long the asset and so you will short the futures. Any assistance would be appreciatiated.

Valores

As a hedge, you will sell futures if you own an asset. But you can also speculate and add systematic risk or duration by going long the future if you own the asset.