Oct 20, 2014
Today on the podcast, Michael Covel speaks with Anthony Todd. Todd is the CEO of Aspect Capital, one of the most successful managed futures trend following firms. Todd co-founded Aspect in September 1997. Before that, he was with AHL. Covel and Todd discuss why prices aren’t random; finding an inefficiency that the academic financial community refuses to acknowledge; the idea of “predictable” patterns in the market; the desire to know static positions; how crowd behavior drives trends; addressing misconceptions; using fundamentals in a systematic way; defining Todd’s medium-term style of trend following; why “it’s less about the genius of the trade and more about the repeatability of the approach”; how long you can be in a particular market before you give up on it; client understanding of trend following drawdowns; the phraseology of “crisis alpha”; the culture that Todd has built at Aspect; and Todd’s advice to young entrepreneurs. For more information on Anthony Todd, visit aspectcapital.com. Receive complimentary trend following DVD: trendfollowing.com/win.