Trend-Following Quants Taste Comeback Powered by Bonds Mania
- CTAs tracked by SocGen in best quarterly run since late 2017
- Whipsawing market trends continue to vex automated traders
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Quants surfing the momentum of assets around the world have caught the bullish wave powering government bonds in a tentative reprieve for the besieged $355 billion industry.
Trend followers, or commodity trading advisers, have posted their best quarter since late 2017 after recession panic juiced long wagers tracking interest-rate markets, according to a Societe Generale SA index of the largest funds.