Monroe Trout, Jr. (born January 22, 1962) is a retired financial speculator and hedge fund manager profiled in the book New Market Wizards by Jack D. Schwager. Monroe Trout, Jr.'s expertise is in quantitative analysis, with pattern recognition backed by statistical analysis. He subscribes to Ayn Rand's Objectivism. He has traded stocks, stock index futures, commodity futures, and options on all these, both for his own account and as an advisor for others.
The Early years
Monroe Trout, Jr. is the son of Monroe E. Trout, the former Chairman Emeritus of American Healthcare Systems. In 1978 in his hometown of New Canaan, Connecticut at the age of 17, Trout got a summer job with a futures trader. Trout typed in newspaper data into his computer and got his start in markets trading.
He was captain of the Harvard basketball team and led his team to a third place finish in 1984’s Ivy League.
He graduated magna cum laude with a B.A. in Economics. His senior honors thesis was on stock index futures titled “Price movements in a Stock Index Futures Market”.
Monroe Trout began his career when he went to New York to work for Victor Niederhoffer's NCZ Commodities at New York’s commodity pits. In his 20s during one stretch he turned a profit 69 out of 79 months and became something of a celebrity on the trading floor. He also worked as a floor trader on two more exchanges before starting his own firm, Trout Trading, in 1986. Later, he would move his family and the company to Bermuda.
In 1993 he helped fund Rand Financial Services named after Ayn Rand. He keeps a low profile. At age 40, he retired from active trading with a net worth reportedly in excess of USD 900 million.
- Connors, Larry (2003-03-16). "This Week's Battle Plan". Retrieved 2006-08-11.
- "Seeing dollar signs?". Forbes Magazine, 23 March 1998. 1998-03-23. Retrieved 24 April 2006.
- "Sixth Annual Monroe E. Trout Premier Cares Award".
- Elstrom, Peter J. W.|Crain's Chicago Business|May 24, 1993|Futures whiz Trout stays hot, despite trading snag