TTU62: Why Huge Market Shifts Are Great Reminders ft. Scot Billington of Covenant Capital Management

TTU62: Why Huge Market Shifts Are Great Reminders ft. Scot Billington of Covenant Capital Management

In this Year End Review, we discuss the major events and unexpected market trends in 2014 as well as the major Swiss Franc move at the start of 2015. Scot Billington discusses his firm’s performance what they learned from their losses and gains, and how they evolved their models. He also talks about why they were able to keep losses low in 2014.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

  • An overview of what happened in 2014 and where they made money.
  • Which factors contributed to profits in 2014 and which factors were the laggards.
  • Dissecting the market effect of sliding oil prices in 2nd half of 2014 and the “un-pegging” of the Swiss Franc to the Euro.
  • Evolving perspectives on risk management in response to events of 2014.
  • Deconstructing the Optimal Program and how to mitigate risk in higher leverage environments.
  • Actions taken to keep a typical program or an Optimal Program from going to zero.
  • Changes in client perspectives of a CTA strategy no one predicted would do so well a year ago.
  • What Scot Billington would wish for in 2015.

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Resources & Links Mentioned in this Episode:

Listen to 2 hour-long episodes of Scot on this podcast here and here.

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfoliohere.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Scot Billington on Twitter.

Copyright © 2025 – CMC AG – All Rights...

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