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 AHL Diversified Programme has a track record spanning around two decades. The strategy seeks to profit from trends, either up or down, in around 400 liquid markets across a variety of asset classes.

This offers a potential return stream which is generally uncorrelated to equity markets in the long term, but has the potential ability to perform better in times of stress.