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Synopsis

During bull and bear markets, there is a group of hedge fundsand professional traders which have been consistently outperformingtraditional investment strategies for the past 30 odd years. Theyhave shown remarkable uncorrelated performance and in the greatbear market of 2008 they had record gains.  These traders arehighly secretive about their proprietary trading algorithms andoften employ top PhDs in their research teams. Yet, it is possibleto replicate their trading performance with relatively simplisticmodels. These traders are trend following cross asset futuresmanagers, also known as CTAs.  Many books are written aboutthem but none explain their strategies in such detail as to enablethe reader to emulate their success and create their own trendfollowing trading business, until now. 

Following the Trend explains why most hopefuls fail byfocusing on the wrong things, such as buy and sell rules, andteaches the truly important parts of trend following. Tradingeverything from the Nasdaq index and T-bills to currency crosses,platinum and live hogs, there are large gains to be made regardlessof the state of the economy or stock markets. By analysing year byyear trend following performance and attribution the reader will beable to build a deep understanding of what it is like to tradefutures in large scale and where the real problems andopportunities lay.

Written by experienced hedge fund manager Andreas Clenow, thisbook provides a comprehensive insight into the strategies behindthe booming trend following futures industry from the perspectiveof a market participant. The strategies behind the success of thisindustry are explained in great detail, including complete tradingrules and instructions for how to replicate the performance ofsuccessful hedge funds. You are in for a potentially highlyprofitable roller coaster ride with this hard and honest look atthe positive as well as the negative sides of trend following.

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