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Ep. 525: Martin Bergin Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Change in Mutual Fund Options

We couldn't find somebody that would partner with us that didn't want to be guaranteed some kind of fee. The problem was they wanted done the charge of management fees so that they could share in that fee and pay their bills. And we always said no. Now we don't have a problem with a fund or a platform charging a fee to cover their cost. I mean, I'm not expecting people to give things away for free, but I expect it to be fair and reasonable. So we've got a 40 act fund and we also have a use of fund in Europe, which is open to more or less retail investors.

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