Rags to Riches
Some say:
"There's no romance in trend following!"
It's all a matter of perspective. The romance is found in returns. Money--the ultimate aphrodisiac. Trend following performance data examples could be the foundation of every college finance class. When you show up on the first day, instead of your teacher handing you a syllabus and telling you to buy certain books you are handed one piece of paper that simply shows the performance histories of professional trend following traders for the last 50 years. The entire semester could be built around that study alone.
But first, to judge systematic trend following performance, you need a baseline. The S&P 500 is the barometer for making money in the markets. Comparing to it is wholly appropriate (even though some might carp). Who are some of the top-performing trend following traders over the last 30 years? How much have they made?
Consider the wealth generation:
- Bruce Kovner is worth more than $4.5 billion.
- John W. Henry is worth $840 million.
- Bill Dunn made $80 million in 2008.
- Michael Marcus turned an initial $30,000 into $80 million.
- David Harding is now worth more than $690 million.
- Ed Seykota turned $5,000 into $15 million over 12 years.
- Kenneth Tropin made $120 million in 2008.
- Larry Hite has made millions upon millions over 30 years.
- Louis Bacon is worth $1.5 billion.
- Paul Tudor Jones is worth $3.3 billion.
- Transtrend, a trend-trading fund, has produced hundreds of millions, if not billions, in profit.
- Trend following trader Man Group trades $68.6 billion in assets.
Many miss the point--big time:
"You are just touting super successful traders. What does that have to do with me?"
These names are featured for one reason: Proof. Their returns are a precise illustration of what can be earned via trend following trading.
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