Going it alone: Lombard Odier steers clear of investing crowd

Research head Tabachnik says strategies like intraday momentum are victims of their own popularity

avoiding-crowds-1203752624.jpg

If Covid-19 has taught investors anything, it’s to avoid a crowd.

During the crisis, intraday momentum became the go-to quantitative trading strategy, delivering 23% in the March 2020 selloff for those who deployed it.

But the strategy may be losing its edge, says Serge Tabachnik, head of multi-asset research at Lombard Odier Investment Managers, the asset management arm of the Swiss private bank.

“There’s been a clear decay in carry performance,” says Tabachnik.

Between 2012 and February

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: