Join over 10,000 people who receive Michael Covel's newsletter & podcast episodes.

as seen on:

Transtrend: Benchmarks

The Dutch-based trend follower Transtrend offers insights into “benchmarks”:

Benchmarks problem: “Hedge funds” are not an asset class because different hedge fund strategies are fundamentally different in their:

1. Source of return.
2. Shape of distribution of returns.
3. Correlation structure with traditional asset classes.

Also keep in mind:

1. Hedge fund styles can differ even more from each other than traditional asset classes can.
2. A benchmark is only meaningful if it acts as a proper description of an investment strategy (such as ‘Equity long only’ or ‘TrendfollowingCTA’s’).
3. Benchmarking does not excuse the investor for not understanding the investment.

Trend Following Products

Review trend following systems and training:

Michael Covel Trend Following Products

Michael Covel Trend Following Products

More info here.

Trend Following Books
Trading Systems

Pricing for trend following systems, risk management, trading psychology and black swan strategies. Absolute return systems and education for brand new traders and established pros. Thousands of clients across 70+ countries. Client feedback.


The Trend Following™ podcast. Listen now on iTunes and Android. Top authors and traders plus alternative commentary. 5M+ listens across 188 countries & territories.

Small Town Guy Makes Millions

His trend following experience on video sent to your home. Get your free video delivered immediately.

TurtleTrader® Site Map

Small town guy makes trend following fortune. His free lesson delivered on video: GET VIDEO NOW.