3min chapter

Michael Covel's Trend Following cover image

Ep. 1165: Big Events with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

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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