Campbell profits from central bank divergence

Trend Following Portfolio picks up two Americas Awards


Campbell & Company summarises trend-following strategies by simply saying that trend followers can profit from market inefficiencies. Last year, one of the most notable was a divergence in central bank policies. As central banks began to take differing stances across the globe, opportunities presented themselves and Campbell's strategies certainly took advantage.

Four of the top five trades of Campbell's Trend Following Portfolio last year resulted from central bank divergence.

The fund was long