
Ep. 170: Bastardization of Trend Following with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How Investors Lose 89% of Gains From Futures Funds
An article about how investors lose 89% of gains from futures funds is misleading. Bill Dunn, a CTA pioneer, runs Don Capital Management from the top floor of a three-story building in Florida. He boasts an over 13% compounded annual rate of return over the past 29 years. And that's after a 25% fee is taken from profits.
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