Richard Donchian

Life & Legacy

Richard Davoud Donchian (September 1905 – April 24, 1993) was an American commodities and futures trader, and a pioneer in the field of managed futures.
The first publicly managed futures fund, Futures, Inc., was started by Donchian in 1949. He also developed the trend timing method of futures investing and introduced the mutual fund concept to the field of money management.
Richard Donchian is considered to be the creator of the managed futures industry and is credited with developing a systematic approach to futures money management. His professional trading career was dedicated to advancing a more conservative approach to futures trading.