Trends have been observed in markets for centuries and a body of academic literature has built up to explain their persistence¹. Trend following strategies use sophisticated computer algorithms to identify trends, which allow them to trade hundreds of diverse markets simultaneously, and avoid biases introduced by human emotions.

The programme is systematic trend following in its approach, trading a strategy with a track record spanning around two decades.

Strong performance has been delivered in a variety of market environments because of the strategy’s ability to profit from trends, either up or down, in around 400 liquid markets across a variety of asset classes.

This gives rise to a return stream which is generally uncorrelated to equity markets in the long term, but has the potential ability to perform strongly in times of stress, such as the equity bear market² of 2000-2003 and the Credit Crisis³ of 2007-2009⁺⁺.