As an ongoing feature of this website, we decided that we would go the extra mile and track the performance of a large number of long term established systematic fund managers (FM's) who occupy the trend following/momentum niche and are commonly referred to as Hedge Fund Managers, Commodity Trading Advisors (CTA's), Managed Futures Advisors or Alternative Investment Managers.
"Day after day, day after day, We stuck, nor breath, nor motion; As idle as a painted ship Upon a painted ocean"
I wish I could bring you good news for the month....but the hard slog continues in the diversified systematic trend following/ momentum camp. Not to say that there weren't some solid performances in the group, but the index as a whole took another nose dive retreating a further 2.81% into the red for the month. This brings the current drawdown for the Index to 13.18% which still has a way to go to reach max drawdown levels of 15.83% reached in September 2013, but still........let's be honest......we are having a difficult trot at the moment.
Well thank heavens that 2018 is over. There were ups... downs....whipsaws....phantom bonanzas....you name it. That is as much as I would like to say about it in general....but the point I would like to make for 2018 is .....does a year really matter in the context of my heady aspirations of wealth building while swinging in this hammock?
While offering nothing to crow about, a flat return from the systematic trend following funds for the month is certainly a welcome result considering equities represented by the S&P500 TR Index (Total Return) plummeted 7.7% in November which added to the pain of Septembers plunge bringing the S&P500 TR Index to a 12.2% drawdown from it's equity high in August 2018.