Ep. 1204: Richard Liddle and Gareth Abbot Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 7 August 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
My guests today are Richard Liddle and Gareth Abbot.
Richard Liddle is the CEO of Bowmoor Capital. He was selected for the Barclays Military Fund Management Scheme to fast track a career into fund management, but decided first to pursue his entrepreneurial interests, including co-founding a company specializing in providing homes for people with support needs and raising over £500 million for a REIT. Richard is also a former military officer with 21 years of experience serving in both the Royal Navy and Royal Air Force as a helicopter and fast jet pilot.
Gareth Abbot is the Investment Manager of Bowmoor Capital. He is a mathematician by profession and passion and is a Fellow of the Institute of Mathematics and its Applications (FIMA). Gareth has a trading, research and investment management career built over 20 years. Gareth designed and developed the Global Alpha strategy from 2003 to 2006 and continues to run the strategy and is responsible for its ongoing research and development.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Origin story and AHA moments
- Empirical foundation
- Trend following
- Significance of trading only 21 markets
- Primary, secondary, and minor trends in their approach
- Benefits of tracking different calendar periods
- Connection between math and trading
Jump in!
---
I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.5 | A trend-fowing episode today, a trend-fowing trader that I was not aware of with a decently long track record, Beaumor Capital. |
| 0:42.9 | Today, Richard Lytle, the CEO, and Gareth Abbott, the primary trend following trader, as you will learn. |
| 0:49.4 | I always have fun having these trend following conversations, especially with people that I don't know. |
| 0:54.9 | I get a chance to get in there and dig a little, find out their origin story, their aha |
| 1:00.4 | moments. |
| 1:01.9 | What commonalities do we have? |
| 1:04.5 | What common connections do we have? |
| 1:06.7 | Always a fun time. |
| 1:08.2 | I hope you enjoy this conversation with Richard Lytle and Gareth Abbott of Beaumor Capital. |
| 1:21.7 | Let me jump in with you guys. |
| 1:25.3 | Someone start with how you started. What is the story? Because there's two of you on the |
| 1:30.8 | horn here today, two of you on the phone, Richard and Gareth. How did this team come together, |
| 1:37.0 | first and foremost? There's two parts to this, Michael. Thank you very much. And it's very much |
| 1:41.7 | Bormor Capital and then there's the strategy which is Global Alpha. |
| 1:45.9 | So I'll talk BOMO Capital. |
| 1:47.8 | So BOMO Capital came about only mid-2020 when I was introduced to Gareth and Brendan Mulvalley, |
| 1:57.4 | who is the head of execution on the trading desk. |
| 1:59.6 | I was introduced to them who'd been running Global Alpha, the trend following strategy for some time. I was introduced |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.