Welcome to Rising Stars and Trend Titans — the definitive monthly publication tracking performance, resilience, and innovation across the global systematic trend-following landscape.
Each month, we examine a curated universe of over 100 globally diversified, rules-based programs — from institutional stalwarts with decades of track record, to the next generation of managers earning their stripes. Our aim is not just to report on returns, but to offer context, insight, and commentary that allocators, fund managers, and curious practitioners can rely on.
At the heart of this report is a deep commitment to transparency, robustness, and process. We go beyond surface performance, using objective models and verified databases to shine a light on the structural health of the trend-following ecosystem — especially in complex or hostile market environments.
Systematic trend following is not a monolith. It’s a spectrum — of models, philosophies, and tradeoffs. This report helps allocators and practitioners separate signal from noise and design from luck.
In an age of regime shifts, information overload, and changing volatility structures, our mission is simple:
To honour the process, track the performance, and spotlight the managers pushing the edge of what’s possible.
May 2025 was a test of resilience, not reward.
As trend followers grappled with fractured signals and punishing reversals, this month’s report dissects the difficult terrain that has defined 2025 so far. From Robusta Coffee’s violent collapse to the NASDAQ’s lonely ascent, we break down which markets moved the needle — and which strategies held their ground. Featuring benchmark insights, standout manager profiles, and our proprietary Trend Environment Model Portfolio, the May edition offers deep context into one of the most challenging periods for systematic trend followers in recent memory.
If you’re serious about understanding how process-driven strategies perform under pressure — this is a must-read.
NEW RELEASE: The Aussie Turtles® Trend Following Guide is now available! Get Your Copy Here →