In this video, Michael Covel, author of the best selling
Trend Following, interviews David Harding, who
is the founder of Winton Capital as well as Managing Director and
Head of Research. He is one of the pioneers of trend-following
systematic trading in Europe with an established track record. In
1987 Harding co-founded Adam Harding & Lueck (AHL), a
quantitative fund manager, which was later acquired by Man Group
plc where it remains the company's flagship fund. Harding's Winton
executes a systematic trading program in which it can hold long or
short positions in over 100 futures markets around the world. The
program blends short-term trades with long-term trend following,
incorporating both multiple time frames and systems. The company
pursues a diversified trading strategy which does not rely on
favorable conditions in any particular market or on general
appreciation of asset values. Winton Capital Management began
trading in October 1997 from a small office in Kensington with
three employees and less than US$2 million in assets under
management. By January 2009 Winton employed over 180 staff and had
over $12 billion in assets under management.
This item is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services or advice by publishing this item. Each individual situation is unique. Thus, if legal or financial advice or other expert assistance is required in a specific situation, the services of a competent professional should be sought to ensure that the situation has been evaluated carefully and appropriately. The author and the publisher disclaim any liability, loss, or risk resulting directly or indirectly, from the use or application of any of the contents of this item.
Michael W. Covelserves as President of Trend Following (TurtleTrader), a privately owned research firm. In 1996, Covel colaunched TurtleTrader.com. It has attracted millions of visitors.
His first book is Trend Following: How Great Traders Make Millions in Up or Down Markets(FT Press, Apr. 04, Nov. 05, Feb. 07, and Feb. 09). This must-have classic has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, French, Arabic, Turkish, Portuguese, and Russian.
His second book, The Complete TurtleTrader: The Legend, the Lessons, the Results(Collins, Oct. 07 and Feb. 09), is the only narrative account of trader Richard Dennis and his student traders, the Turtles. It has become the definitive book on the subject and has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, and Russian.
His first documentary film is Broke: The New American Dream. It explores human behavior and trend following during the 2007-2009 market crash and premiered on The Documentary Channel fall 2009. The film was shot in 13 major cities on three continents. Top traders Larry Hite, Jim Rogers, David Harding, Mark Mobius, and Bill Miller appear. Nobel Prize winners Harry Markowitz and Vernon Smith also appear.