Scot Bilington

Scot co-founded Covenant Capital Management (CCM), a registered Commodity Trading Advisor, in late 1999. At inception CCM traded a momentum-based trend following model across a broad array of futures contracts in commodities, currencies, interest rates, and stock indexes. CCM’s Original Program made an annualized compounded return of over 15% from 2000 through the end of 2003. In 2004 CCM launched its flagship Aggressive Program. The Aggressive Program compounded at 12.23% annually over the next 15 years until it closed in 2018. CCM grew from two $250,000 accounts to over $500M in assets at its peak.

In 2017 CCM shifted away from trend following towards volatility models that traded S&P 500 and VIX futures contracts. CCM now focuses exclusively on volatility as total return and as an S&P 500 hedge/enhancement. Tactical Growth was the first volatility offering in 2017, and Total Volatility (TV) commenced trading in 2018. From inception through the end of 2020, TV has compounded at 17.57% annually. The Hedged Equity Program (HEP), which blends S&P 500 exposure with a volatility hedge, began trading with a 118.53% return in 2020.

In addition to co-founding Covenant Capital, Scot worked as a commercial hedge commodity broker and was a market maker on the floor of the Chicago Board Options Exchange.