Reflections on Ten Years in Trend Following

Highlights

• “Crisis alpha” refers to an investing approach that looks for persistent trends in markets.
• Research and technology have helped to greatly evolve the trend following space in the years following the Global Financial Crisis. The COVID-19 pandemic of 2020 has demonstrated how risk managed strategies that seek to take advantage of unique market opportunities may benefit portfolios.
• By analyzing market trends and maintaining low correlations across indexes, managed futures strategies like ASFYX may have the ability to provide returns during prolonged crisis periods. Trend following managed futures strategies can also potentially provide returns during positive market periods, so long as trends exist.