Trend Following with Managed Futures: The Search for Crisis Alpha (Wiley Trading) 1st Edition

This is an excellent and compelling academic "proof" of Trend Following. The authors dig into the record of trend following for the last 800 years using a non optimized systematic approach and find that the returns are persistent. Good thing, since billions are traded in the trend following space.Though the book has a ton of economic formulas, you do not need to deconstruct them to understand the basic idea of what is being shown.The sections of the book deconstruct methods; risk management types and time frames; high and low interest rate environments etc.Very interesting is the discussion of divergent versus convergent risk taking, and the research showing that divergent risk taking is stable over time.If you are interested in actual system building and the other aspects of managing a fund, read "Following the Trend: Diversified Managed Futures Trading" by Andreas Clenow, but for foundation information, exploring variations and academic research proving the method you need to read this book as well.

I'm CEO of a trend following investment advisory, MarketCycle Wealth Management, so I have to read every book that comes down the pike, particularly when it covers trend following. This book represents a sincere effort to present technical information on trend following. The gist is that trend following dramatically increases performance when added 50/50 to normal buy & hold portfolios. I think. The book reads like a college level statistics textbook and even the summaries at the end of each chapter are not simplified. This book will be a waste of time for anyone who is not into supplying the time required to read a fairly technical math-based textbook. It would be very good required reading for those completing a CFA program, etc. or for a researcher in the "back room" of a hedge fund. I applaud their effort and would love to see a more simplified and usable book from the authors in the future. Michael Covel's books might be more accessible for the average person. Trend following IS the Holy Grail of investing.

This book gave an in-depth look at various aspects of the use of managed futures in portfolio management. It gets pretty technical but is very useful.

It was wet so I return it.

A very good overview and in-depth guide to a modern trend system. Highly recommended for practitioners.

I found it more of a brochure on the merits of trend following as opposed to a substantive look into actual trend following trading methods and strategies. If you need to convince yourself that trend following might be a good strategy then perhaps you might find this useful. Otherwise it is a dreary read with page after page of graphs recutting the same data and standard insights with lots of nearly useless statistical measures. Note as well that some of the glowing reviews come from interested parties who are, well, trend following publicists.

Great book.I recommend the readers of this book also read my book Profit from bull, bear and sideway markets . Its main strategy is a simple but profitable trend following. It is price-based concentrating on price movements and ignoring fundamentals. It shows you ‘HOW’ with step-by-step instructions starting with simplest SMA-50 with no charting - a free site calculates it for you. Then it includes SMA-200 and optionally other technical indicators such as RSI(14), MACD, Bollinger Band and Double Tops. All are available free from the internet.My other short-term strategies, strategy based on relative strengths, Sector Rotation and Momentum Investing, are also included in this book. Sector Rotation has 12 strategies from simple market timing, rotation of several sectors to top-down investing. Momentum strategies include contrarian, headline, earnings, short squeeze, year end, turnaround…It has over 400 pages (6*9). Check out the extensive Table of Contents. All chapters are practical and useful. Hence it is harder to read and you need to try out some techniques discussed. It is written in 10/2017. It has been the updated with the current market events and today's available tools. It represents my many decades in investing and hundreds of books on trading. I only include those strategies that would most likely work in today’s market. This book is for both beginners and experts.

Cientifically oriented, clear, objective. Great, great book!