Trend Following Declared Dead By Financial Times
- Thread starter marketsurfer
- Start date
http://www.finalternatives.com/node/28232
Another trend fund sucks wind
BlueCrest Capital Management is joining its peers in cutting fees in an effort to hold on to investors.
The London-based fund said it reduced the management fees charged by its BlueTrend Fund and a levered version of the strategy to 1.5% from 2% on Aug. 1. In addition, the firm will rebate part of the management for some clients whose investments exceed US$50 million.
“The reduction follows an assessment of the CTA landscape and in particular the recent migration toward lower fees,” BlueCrest said in a Regulatory News Service statement.
It also follows a US$10 billion drop in BlueCrest’s assets under management, which have fallen to US$27.4 billion. Much of that drop is attributable to BlueTrend, which has shrunk by nearly 50% since losing 11.5% last year—its first-ever annual loss.
Another trend fund sucks wind
BlueCrest Capital Management is joining its peers in cutting fees in an effort to hold on to investors.
The London-based fund said it reduced the management fees charged by its BlueTrend Fund and a levered version of the strategy to 1.5% from 2% on Aug. 1. In addition, the firm will rebate part of the management for some clients whose investments exceed US$50 million.
“The reduction follows an assessment of the CTA landscape and in particular the recent migration toward lower fees,” BlueCrest said in a Regulatory News Service statement.
It also follows a US$10 billion drop in BlueCrest’s assets under management, which have fallen to US$27.4 billion. Much of that drop is attributable to BlueTrend, which has shrunk by nearly 50% since losing 11.5% last year—its first-ever annual loss.
Doesn't look like a dead strategy. Just a consolidation after a massive run!
Didn't you declare them dead a year ago? LOL
http://www.elitetrader.com/et/index.php?threads/trend-following-is-dead.276832/
Anything original to post? Perhaps an explanation of your Pile Driver system?
Wall Street saying: the crowd is right during the trends but wrong at both ends.
Many people go "nuts" at the end of bull markets because the ends by nature are unpredictable. They just can't handle the uncertainty so all types of silly and dire forecasts surface. Ignore them.
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