The Trades of March 2020

“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 Management

“I love the book. Alex is an incredibly engaging writer and writes with a lyrical quality that simply amazes me. The Trades of March 2020 places you at the side of a master trader as he navigates one of the most dangerous markets in memory…and comes out on top. This book not only reveals the logic of many profitable trades going into the pandemic but also describes how the trades fared in real time, providing invaluable insights that bridge the gap between ‘good trade ideas’ and ‘profitable trading.’”

- Neil Chriss, PhD, CIO and Founder of Omnis Quantitative, former CIO/Founder of Hutchin Hill Capital

“Alex takes the reader on a fast-paced, entertaining, and incredibly insightful journey through the pressure-cooker experience of actively trading the pandemic crash. You’ll get an exhilarating front-row seat to watch the principles calmly and lucidly developed in his first book, The Next Perfect Trade, put to the ultimate test and see how those principles, forged from Alex’s unique combination of rock-solid mathematical logic and highly sophisticated understanding of global financial markets, triumphed over one of finance’s most chaotic white-knuckled periods ever!”

- David Puth, CEO at Centre, former Head of Currencies, Commodities, and Emerging Markets at J.P. Morgan, former CEO of CLS Bank

Alex Gurevich is the founder and Chief Investment Officer of HonTe. After earning a PhD in mathematics from the University of Chicago, he leveraged his passion for strategic gaming into a lucrative Wall Street career. He was hailed by the Wall Street Journal in 2003 as the star trader of J.P. Morgan, where he served as Managing Director in charge of global macro trading. The author of The Next Perfect Trade, Alex Gurevich led HonTe’s macro strategy in 2020 to rank second by net return according to BarclayHedge-and in the top ten of emerging managers in all strategies by Eurekahedge.