Ep. 1348: Jerry Parker, Moritz Seibert, Richard Liddle and Gareth Abbot with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 730 Ratings
🗓️ 21 July 2025
⏱️ 69 minutes
🧾️ Download transcript
Summary
My guests today are Jerry Parker, Moritz Seibert, Richard Liddle and Gareth Abbot.
Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader, the most successful TurtleTrader.
Moritz Seibert, Founder & CEO at Takahē Capital, a systematic investment manager targeting absolute returns through resilient trading strategies. He is also the co-host at Top Traders Unplugged.
Richard Liddle is the CEO of Bowmoor Capital. 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).
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Evolution and historical context of trend following and the TurtleTraders
- Challenges of trend following in volatile 2025 markets
- Applications and limitations of AI in trading and operations
- Trend following system design (diversification, rebalancing, psychology, volatility)
- Future adoption, perception, and positioning of trend following strategies
Jump in!
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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
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| 0:00.0 | This is a first for me today interviewing four people at the same time, five of us on this podcast |
| 0:09.8 | episode. First, Jerry Parker. Second, Moritz Siebert. Third, Richard Little. Fourth, Gareth Abbott. After my most |
| 0:20.2 | recent episode with Jerry and Moritz, |
| 0:22.7 | we decided, let's expand it out. |
| 0:25.7 | And we added Richard and Gareth from Beaumour, Capital. |
| 0:30.1 | So sit back and enjoy a wide-ranging conversation |
| 0:33.7 | with a whole team of trend-following traders. |
| 0:50.6 | Music with a whole team of trend-following traders. I'd tell you the thing that I would like to know for Richard Gareth Moritz. |
| 0:56.4 | What is it about this guy, Jerry, that makes you interested after all these years? |
| 1:02.3 | What is it about him that keeps you intrigued? |
| 1:06.0 | What is it about him that he says or explains that keeps you engaged. I told you that they felt that way. |
| 1:14.3 | Maybe they don't. I'm just assuming. But let's go with the assumption that perhaps I'm right. |
| 1:19.5 | Let me let you start, Richard. Jerry, fantastic to meet you. Good to see you again, |
| 1:22.9 | and I think I'll start because I'm probably the newest member, shall we say, to the trend of following |
| 1:28.7 | world out of the others. |
| 1:30.4 | So I was introduced to trend following very much through Gareth. |
| 1:33.9 | And Gareth obviously speaks very highly of the history of trend following, the turtle |
| 1:37.6 | traders of which obviously we look back at the history and there your name appears. |
| 1:42.5 | So for me, it's reading that history, it's looking at |
| 1:45.1 | where it's come from, why this strategy works in the environments that we're in. And really, |
| 1:49.6 | for me, as an ex-military man, history's important and you appear all over that history. So for |
| 1:55.2 | me, fantastic to be here, fantastic to meet you, and you are part of the trend following, the historical |
... |
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