Andreas F. Clenow. ISBN: pages. January Following the Trend: Diversified Managed Futures Trading () cover. Andreas Clenow. · Rating details · ratings · 10 reviews. During bull and bear markets, there is a group of hedge funds and professional traders which. During bull and bear markets, there is a group of hedge funds and professional traders which have been consistently outperforming traditional investment.
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WileyTrading: Following the Trend: Diversified Managed Futures Trading – Andreas F. Clenow
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Refresh and try again. Open Preview See a Problem? Thanks for telling us about the problem. Return to Book Page. Preview — Following the Trend by Andreas Clenow. During bull and bear markets, there is a ahdreas 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 they had record gains. These traders are highly secretive about their proprietary trading algor During 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. 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 fo,lowing 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 trendd of successful hedge funds.
Following the Trend
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. Hardcover1 Editionpages. Published December 21st by Wiley first published November 5th To see what your friends thought of this book, please sign up.
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Lists with This Book. This book is not yet featured on Listopia. Aug 19, Terry Kim rated it it was tye. Very educational, factual, statistical and valuable book. This is a professional book written by a Futures Fund Manager for anyone who is looking to start their own Fund. It breaks down in fine detail on the core principles of Diversified Trend Following. With real evidence on how their Trend Following stragies work and what makes up those strategies, this is a great book for any Clenpw Follower.
Where most trend following books speak in general terms about how a strategy like this works, this book walks you through all the steps and pitfalls of developing and living through a trend based futures strategy. Dec 14, Malcolm rated it it was amazing Shelves: Well written and easy to understand.
For me the essence is in the simple guidelines shared. While each of us has to make their own journey, the guidelines are useful. Nov 05, Karsten Reuss rated it it was amazing. Andreas is a real professional in the manged funds world and knows what he is talking about. He speaks clearly about the advantages and disadvantages of investing in futures as well as the pitfalls.
Its fun to read. The book mainly adresses do-it-yourself hobby investors who are not afraid to do some coding and data analysis and turn into professionals.
Following the Trend: Diversified Managed Futures Trading by Andreas F. Clenow (Hardback, 2012)
Aug 19, Paul Barnes rated it really liked it Shelves: Probably the most complete book on futures trading I’ve read. Obviously focused on trend following, building up a simple mechanical trend following approach, which, applied to a diversified portfolio, accounts for the performance of the most lionised of followinh.
But complete in the sense of also addressing position sizing, psychological aspects and much of the practical minutiae.
Grounded in verifiable evidence. Unlike so many other books, this doesn’t leave you with a sense of some further secr Probably the most complete book on futures trading I’ve read. Unlike so many other books, this doesn’t leave you with a sense of some further secret sauce that you’re missing out on. Follow the trend is your friend. Practical Good insights into the world of trend following funds.
Although the algorithms are basic, they show what is possible for this approach. Dec 17, Ha Truong rated it really liked it Shelves: Very good book about trend following. Jun 28, Tadas Talaikis rated it did not like it. Curve fitted, to realize past performance is unreal due to diminishing returns. trejd
No out of sample testing and other important parameters. I wouldn’t even try to argue that moving average strategies are dumb, and if so much funds use them it only shows what idiotic place we’re in where idiots “manage” money and pretend to be kings of the world. At least it’s changing with diminishing returns.
For comparison, here’s my own futures strategy for last two years. Only one instrument, holding for 1 day, 3 Curve fitted, followinv realize past performance is unreal due to diminishing returns. This is, of course, for demonstration of concept only because I’m not comparing risk adjusted returns, but in clsnow case it shows how dumb are moving average based strategies that are holding countless assets all the cclenow when higher returns can be generated only, let’s say, 3 days in a month: Curtis rated it liked it Jul 01, Steven Resman rated it really liked it Feb 25, Rafael Martin Ponte rated it really liked it May 21, Aaron rated it it was amazing May 15, Roger rated it it was amazing Oct 17, Marcelo Menezes rated it it was amazing Nov 20, Claus Herther rated it it was amazing Nov 22, Chris A rated clenpw it was amazing Nov 28, Deepanshu rated it really liked it Aug 16, Daniel rated it really liked it Sep 25, Sriram rated it liked it Aug 31, Simon rated it it was amazing Feb 28, Luca rated it it was amazing Dec 14, Zhe rated it it was amazing Jun 08, Ajusal Sugathan rated it it was amazing May 14, Peter Lavetsky rated it clenlw was amazing Jan 25, Jay rated fkllowing really liked it Apr 20, There are no discussion topics on this book yet.
Following the Trend
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