Global Dynamic Trading Fund: Ermitage Asset Management Jersey

Patterns in time


Elliot Refson has a passion for numbers and patterns. Specifically he is passionate about time cycle analysis, something he started working on in the 1980s. As portfolio manager for the Ermitage Global Dynamic Trading Fund (GDTF), he has been able to give full expression to his theories.

The concept was initially used in 2007 as an internal trading overlay vehicle used by Ermitage to hedge against key trend changes in major markets and currencies. The success of the time cycle analysis-based inve