Trend's not dead (It's just moved to a trendier neighborhood)

In this article, GreshamQuant addresses the low performance of trend following over the past decade. Some consider the low performance to be a direct result of overcrowding in the trend following strategy, but this is not found to be the case. By using a novel dataset of alternative commodity markets, GreshamQuant explains how 'trendiness' of less mainstream markets, selected based on a set of simple criteria, is inherently higher. 

In this whitepaper, you will learn:

• Why assets haven't swallowed alpha
• Quantifying saturation via alpha decay
• Why performance has declined
• Where alpha can still be found

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