Trend-Following: A Decade Of Underperformance

Everyone in finance remembers 2008–the Global Financial Crisis.

Q4 hedge fund letters, conference, scoops etc

Yes, I know, the final downward movement in the stock market was in early 2009. However, many remember 2008 as the year of the crisis.

So now we are 10 years removed from the crisis.

Why do I mention this?

After the crisis, some began to question the logic/benefits . . .


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