Campbell & Co. Gets Bigger
Trend follower Campbell and Co. seems to be exploding with new money to manage. A recent headline offered:
“The [Campbell] Large program added more than $900 million in February alone and more than $2.6 billion in the 12-month period. Assets in the program have more than quadrupled since February 2000 without missing a beat in terms of performance.”
Investors have poured money into trend following money managers in the last few years. The pension funds that manage Middle America’s retirement accounts finally seem to see the need for a buy and hold alternative.
