Are Mediocre Results For Trend-Following Strategies Due To Rebound?

The popularity of trend-following strategies has surged over the past decade. In the wake of the 2008-2009 financial crisis, a growing number of investors embraced the risk-management attributes of the so-called momentum factor—the tendency of recent returns to persist in the near-term future. (Trend-following and momentum strategies are close cousins; Continue Reading