CHESAPEAKE CAPITAL: THE EVOLUTION OF MANAGED FUTURES FROM THE EYES OF A TURTLE

摘要

Managed futures is an evolving asset class, one that appears to be moving out of its wild youth phase into respectability. There may be no better example of this than Chesapeake Capital and its founder Jerry Parker. Parker was an original turtle, a group of wannabe traders who answered an ad placed by C&D Commodities principals Richard Dennis and William Eckhardt. The legend goes that the two placed a nurture versus nature bet, a la the movie "Trading Places," on whether their trading techniques could be taught. In subsequent interviews Eckhardt claims there was no bet, just an intellectual argument, and Dennis pointed out that he was someone who always sought real-world adjudication for such debates.