From trend follower to trailblazer

New fund targets commodities others are “scared” to trade – from asphalt to glass panels

Scott Kerson: “We follow a philosophy of going to markets where we don’t compete with people like us”

It’s been a wretched year for trend followers. But while performance at many investors has plunged, one new fund has found a novel way to prosper – putting trend-following systems to work in the commodities sector’s more curious markets, from Chinese asphalt to South African sunflower seeds.

So far, it’s working. The fund, launched by Gresham Investment Management and run by AHL‘s former head of commodities Scott Kerson, is up more than 28% year to date, according to sources with knowledge of