The Two Tales of Trend Followers |

Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 300+ of our top selling titles.
plus Unlimited access to 26000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at €10,99 per month, unless cancelled.
Upgrade Now for €10,99 Learn more
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Italy version of the site.
Would you like to switch to your local site?
Leggi ovunque Read anywhere
Modalità di pagamento Pocketmags Payment Types
Trusted site
A Pocketmags si ottiene
Fatturazione sicura
Ultime offerte
Web & App Reader
Loyalty Points

The Two Tales of Trend Followers

What is really driving CTA returns?

One of the key arguments and most often cited explanation for the rise in popularity of beta investment products has been investors’ reluctance to pay the higher fee structure typically charged by active managers. Although time will tell whether this migration towards beta fund investing is prudent, it certainly raises further questions about the current investment landscape. Many investors may be disgruntled not only because of underperformance relative to fee structures, but also because of a lack of transparency tools and possibly manager failure at successfully demonstrating exposures and expectancies of when a strategy should out-perform or under-perform and why.

Fig.1 The Brexit event & daily performance attribution for trend following
Source: Datastream, Societe Generale and CSI Unfair Advantage

The trend following industry has seen an influx of beta offerings. Whilst the downwards pressure on fee structure is arguably very good for investors, it may come at a significant cost as investors opt for low cost investment options that have performed exceptionally well during recent market crises, but may not offer investors sufficient insight into the attribution of that performance - thus leading to potential skewed risk exposures for investors.

Purchase options below
Find the complete article and many more in this issue of The Hedge Fund Journal - Issue 117 - October 2016
If you own the issue, Login to read the full article now.
Single Issue - Issue 117 - October 2016
Or 12999 points
Getting free sample issues is easy, but we need to add it to an account to read, so please follow the instructions to read your free issue today.
Email Address
6 Month Digital Subscription
Only € 140,00 per issue
Or 69999 points

View Issues

About The Hedge Fund Journal

INFORMING THE HEDGE FUND COMMUNITY With access to some of the industry’s biggest names and an astute and talented group of writers and contributors, The Hedge Fund Journal has established itself as a trusted source of information on the hedge fund industry.