One of the more under the radar trend followers is Sunrise Capital out of sunny Southern California. They have been at it for 30 years:
Sunrise currently manages over $1.1 billion for clients around the globe. Through November 30, 2008, Sunrise’s domestic fund is up 33.1% YTD and since January 1, 1995, Sunrise’s domestic fund has averaged returns of over 13% annually. By trading in a wide range of diverse global markets and utilizing other innovative risk management techniques, Sunrise has delivered positive results for investors in 87% of the rolling 12 month periods since January 1, 1995.
Those numbers compounded for 30 years would make most people who have been buying and holding very happy.
December 2nd, 2008 at 5:13 pm
I am not sure that this is the place to post this, but I saw that JWH had an ok month in November (up 4 to 7%), but their AUM dropped by about 100 Million down to 239 Mil. It looks like it all came out of the Financial/Metals portfolio which is up 39% this year. Thats nuts. You would figure that people with money with them would stay around, and perhaps a more new money would come in. Scary.
December 2nd, 2008 at 5:18 pm
Many people are having to take good positions off the table to pay for the bad ones. Plus trend followers will ebb and flow, and perhaps some are rebalancing. Henry doesn’t make 7% every month! Then again, we are somewhat in uncharted territory and unemotional trend traders are only ones making $!
December 3rd, 2008 at 1:02 am
Thanks Michael for telling us the successful names. We could learn something from their practice.