LTCM: Long Term Capital and Trend Following Winners

Holy Grails

Here is an original promotional document from Long Term Capital Management (10 MG). This LTCM document is only available online here at

LTCM still, a few years later, is a fantastic case study and a monster cautionary tale. You can read about those who won LTCM’s losses in the book Trend Following, understand the background in the book When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein and read a great white paper from the CATO institute on LTCM.

Trend Following Products

Review trend following systems and training:

Michael Covel Trend Following Products
Michael Covel Trend Following Products

More info here.