Among those listed are:
- EMC - the fund set up by ex-turtle Liz Cheval, who sadly passed away in 2013;
- Hawsbill - ex-turtle Tom Shanks;
- Mark J Walsh - 2nd generation Turtle;
- Saxon Investments - ex-turtle Howard Seidler;
- William Eckhardt - former partner of Richard Dennis;
- Abraham Trading - 2nd generation Turtle Salem Abraham, relative of ex-turtle Jerry Parker (Chesapeake Capital, which is also on the list);
- David Harding of Winton Capital (UK hedge fund);
- Bill Dunn - trend follower profiled in Covel's Trend Following
- Paul Malvaney, another trend follower;
- Rabar Market Research - ex-turtle Paul Rabar.
As mentioned in this post, these types of drawdowns can be recovered in a relatively short period of time once a decent trend takes off. Looking at the recent returns for a few of these funds they are currently on a run of winning months - almost certainly of the trend in crude oil. One big trend can make a trend follower's year...
These traders know the maths, and how their systems go through profitable and non-profitable phases. The problem with a lot of individual traders is that they seek comfort in a high win ratio, and will take lots of small profits, while risking the occasional big loss. If they are not careful, that can lead to a negative expectancy across their trades.
These successful trend followers shown above know their win rate may well be below 40%, but every so often one big win covers lots of small losses and leaves some profit left over. That's what gives them a positive expectancy.
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