LEADER 04156nam 2200649 a 450 001 9910969336303321 005 20240313072352.0 010 $a9781283804226 010 $a1283804220 010 $a9781118410820 010 $a1118410823 035 $a(CKB)3460000000120909 035 $a(SSID)ssj0000757939 035 $a(PQKBManifestationID)11414283 035 $a(PQKBTitleCode)TC0000757939 035 $a(PQKBWorkID)10771867 035 $a(PQKB)10020305 035 $a(DLC) 2012044254 035 $a(Au-PeEL)EBL1061885 035 $a(CaPaEBR)ebr10626232 035 $a(CaONFJC)MIL411672 035 $a(OCoLC)818819708 035 $a(CaSebORM)9781118410844 035 $a(MiAaPQ)EBC1061885 035 $a(Perlego)1000254 035 $a(EXLCZ)993460000000120909 100 $a20121025d2013 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFollowing the trend $ediversified managed futures trading /$fAndreas F. Clenow 205 $a1st ed. 210 $aHoboken $cWiley$d2013 215 $axvi, 282 p. $cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781118410851 311 08$a1118410858 311 08$a9781118410844 311 08$a111841084X 320 $aIncludes bibliographical references and index. 327 $aForeword -- Preface -- Why write a book? -- Acknowledgements -- Cross-asset trend following with futures -- Futures data and tools -- Constructing diversified futures trading strategies -- Basic trend-following strategies -- In-depth analysis of trend-following performance -- Year by year review -- Reverse engineering the competition -- Tweaks and improvements -- Practicalities of futures trading -- Final words of caution. 330 8 $aDuring bull and bear markets, there is a group of hedge funds and professional traders which have been consistently outperforming traditional investment strategies for the past 30 odd years. They have shown remarkable uncorrelated performance and in the great bear market of 2008 they had record gains. These traders are highly secretive about their proprietary trading algorithms and often employ top PhDs in their research teams. Yet, it is possible to replicate their trading performance with relatively simplistic models. These traders are trend following cross asset futures managers, also known as CTAs. Many books are written about them but none explain their strategies in such detail as to enable the reader to emulate their success and create their own trend following trading business, until now. Following the Trend explains why most hopefuls fail by focusing on the wrong things, such as buy and sell rules, and teaches the truly important parts of trend following. Trading everything from the Nasdaq index and T-bills to currency crosses, platinum and live hogs, there are large gains to be made regardless of the state of the economy or stock markets. By analysing year by year trend following performance and attribution the reader will be able to build a deep understanding of what it is like to trade futures in large scale and where the real problems and opportunities lay. Written by experienced hedge fund manager Andreas Clenow, this book provides a comprehensive insight into the strategies behind the booming trend following futures industry from the perspective of a market participant. The strategies behind the success of this industry are explained in great detail, including complete trading rules and instructions for how to replicate the performance of successful hedge funds. You are in for a potentially highly profitable roller coaster ride with this hard and honest look at the positive as well as the negative sides of trend following. 606 $aFutures 606 $aSpeculation 615 0$aFutures. 615 0$aSpeculation. 676 $a332.64/52 700 $aClenow$b Andreas F.$f1975-$01807274 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910969336303321 996 $aFollowing the trend$94356901 997 $aUNINA