Some trendfollowing methods can have large DD's as well. Mostly when they are hugely up and are giving back profits. With trendfollowing your equity becomes extremely volatile when you are sitting on large profits.
If you're talking about CKP, they are definitely not in the green YTD. http://www.autumngold.com/Advisor/Statistics/cta_profile.php?op=profile?&id=113229 They are -48.27% YTD for the "aggressive", and -46% for the conservative. If you look at the VAMI chart, I think everyone that invested later than May of 2009 (which is probably "everyone") ultimately lost money. That's pretty amazing since the fund was officially up 300%+ in 2009.
this is a great point. And matches up with the performance I saw in two trend funds I was in back in the 90s. (one was the dennis fund)
Speaking of trend followers, http://www.reuters.com/article/idUSSGE65709T20100611 Superfund shuts 6 offices including S'pore, Sydney, Dubai Fri Jun 11, 2010 1:55am EDT SINGAPORE June 11 (Reuters) - Austrian hedge fund manager Superfund said on Friday it has shut six international sales offices and laid off staff as part of cost-saving measures amid a tough business environment.
Some trendfollowers don't worry about clients. They simply trade. From the article I don't get this Superfund is trendfollowing. It might be though.