Ep. 1165: Big Events with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Trend Following Performance Data for August and September 1998
LTCM lost $1.9 billion in assets, the aggregate profits of Bill Donne, John W. Henry, Jerry Parker, Keith Campbell and Mann exceeded $1 billion. Trend Following Performance Data for August and September 1998 looks like one continuous credit card swipe from LTCM to Trend Following, a zero-sum transfer swipe. The hedge fund world had fallen apart, equities had gone into the toilet, and managed futures were king and on the front page of the Wall Street Journal.
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