Cantab’s Managed Futures Strategy Dips More than 20 Percent

In a tough year for all trend followers, these celebrated quants get the “biggest loser so far” award.

The abrupt changes in direction of interest rates, currencies, emerging markets and stocks since the middle of May have created havoc for many investors. But no group has suffered as much as the so-called systematic macro and trend-following hedge funds.

These are the portfolios that are driven by sophisticated computer programs rather than humans pulling the trigger based on their assessments of fundamentals.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related