Key Takeaways
- • Schroder GAIA BlueTrend, the listed vehicle tracking Systematica Investments' flagship BlueTrend strategy, has fallen approximately 19% year-to-date, according to a Financial Times report.
- • Losses were driven by adverse positions in natural gas, silver and coffee, along with moves in the US dollar and Treasury markets.
- • Systematica, which oversees $17bn in assets and is led by Leda Braga, has not yet commented on the fund's performance.
- • The drawdown highlights mounting pressure on trend-following strategies, which have been challenged by abrupt reversals and elevated macro uncertainty, particularly in commodities and rates.
Summary
Systematica Investments' listed version of its flagship hedge fund, Schroder GAIA BlueTrend, has dropped approximately 19% year-to-date, reflecting mounting pressure on trend-following strategies, according to a report by the Financial Times.
The fund tracks the systematic macro strategies of Systematica's flagship BlueTrend and trades across rates, equities, currencies and commodities. Its losses come as trend-based models have been challenged by abrupt market reversals and heightened macro uncertainty, particularly in commodities and rates.
According to the FT report, the drawdown stemmed from adverse positions in natural gas, silver and coffee, as well as moves in the US dollar and Treasury markets.
Systematica oversees $17bn in assets and is led by Leda Braga, a quant pioneer and former president of BlueCrest Capital's systematic trading arm before it spun out into Systematica in 2015. Systematica has not yet publicly commented on the fund's performance.
The fund tracks the systematic macro strategies of Systematica's flagship BlueTrend and trades across rates, equities, currencies and commodities. Its losses come as trend-based models have been challenged by abrupt market reversals and heightened macro uncertainty, particularly in commodities and rates.
According to the FT report, the drawdown stemmed from adverse positions in natural gas, silver and coffee, as well as moves in the US dollar and Treasury markets.
Systematica oversees $17bn in assets and is led by Leda Braga, a quant pioneer and former president of BlueCrest Capital's systematic trading arm before it spun out into Systematica in 2015. Systematica has not yet publicly commented on the fund's performance.
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