2024 has been a mixed but generally challenging year for trend-following strategies. The early months of 2025, particularly March and April, have been equally, if not more, difficult. A noisy market environment with few sustained directional moves and frequent reversals has made it difficult for models to latch onto persistent trends. Yet amid this turbulence, Mandatum Managed Futures Fund stood out, delivering strong performance in 2024 and an even stronger showing in early 2025, with a return...
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