The Trades of March 2020

WALL STREET JOURNAL BESTSELLER A lucidly intelligent account of an investment strategy during turbulent times.— Kirkus Reviews"Alex is one of the most extraordinary traders I have known. He has the rare ability to look through the daily 'noise' and form clear views of what should, or sometimes has to, happen in markets. He has a brilliant mind capable of describing those views to risk officers and investors to gain their confidence and support. In this book, Alex offers a glimpse into the psychology of a trader's life, capturing the emotions pervasive across trading rooms globally. This is not just for professional investors; at times it reads like a thriller appealing to a wide variety of interests." — John Anderson, Co-Head of Fixed Income and Commodities at Millennium ManagementHave you ever wondered what happens in the command control of a global macro hedge fund when US stock markets plunge 35 percent in just three weeks? Welcome to the mind of Alex Gurevich, Wall Street Journal Bestselling Author and Founder and CIO of HonTe Investments.As tragic events unfolded around the world, the pandemic ruptured the sequence of price action and devoured financial markets like a black hole. Through Gurevich's personal narrative and the team's actual Slack messages, The Trades of March 2020 follows their frenetic efforts to survive the crisis.From the first terrifying days of loss, both personal and professional, to the team's redoubled attempts to identify emerging opportunities, this account of crucial, in-the-moment decisions is a faithful record of the trading moves made in the unprecedented month of March 2020.Discover the thinking and investment philosophy that led HonTe to survive and ultimately thrive during one of the most extraordinary challenges of our time.