Abraham: Reinventing a legend

摘要

Salem Abraham launched his long-term trend following strategy in 1988 right out of college. He had a passion for trend following and systematic trading partially based on stories he read in Futures magazine. His family owned a ranch in Canadian, Texas and was in the oil and gas business. His grandfather famously asked Salem regarding his dreams of trading, "Of all the ways to lose money, why did you pick the fastest?" Abraham, however, did not lose. He earned more than 100% in his first full year and built one of the most successful long-term trend-following programs in the industry, with a compound annual return of 39.07% during its first seven years managing assets of more than $100 million.