Feb 3, 2017
Martin “Marty” Bergin is the President and owner of DUNN Capital
Management. Bergin began working with DUNN in 1997. He took over
the day-to-day operations of the firm in 2007 and became owner in
2015 (Bill Dunn remains Chairman). DUNN has an outstanding track
record that spans over 40 years. Bergin first met Dunn while he was
tasked with doing an audit of the company over the course of 7
years. Once the audit was over, Dunn offered him a job.
There has been ongoing dialogue since 2008 that trend following has been a negative. DUNN Capital’s track record does not reflect that. They have been doing things different. They are 100% systematic. They do not have an army of traders staring at screens. All emotion has been removed from the equation and traders use algorithms that have already been put in place to make day to day trades. They take positions strictly based on what the system tells them to do.
Managed futures (read: trend following) was the only strategy that stood out during the 2008 crisis. Historically DUNN has been able to outperform the S&P over their 40 year track record. I argue that when looking at their performance side by side with S&P performance, there could be a whole class taught on the chart. Bergin says that with all the changes in America (mostly political) there is no telling if the new policy’s that are said to come will crash the S&P or double the S&P. He has no way to predict the future and neither does anyone else.
In this episode of Trend Following Radio: