Hypothetical #Trendfollowing performance based on our http://www.40in20out.com academic project was -0.90% in Nov and -18.47% YTD. Since this benchmark is about twice as 'frothy' as most real trend performance we observe, don't be surprised to see some -9% YTD reports out there.pic.twitter.com/gFHivdZrEW
13:51 - 29. stu 2019.
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