According to this article, trend-chasing quant funds were 2017's biggest losers, at least up to time of publication. One of the reasons given was low volatility and that trend followers tend to do well during periods of high volatility. https://www.theglobeandmail.com/glo...re-this-years-biggest-losers/article35644149/ Chintawongvanich offers three reasons for the change: sector overcrowding, the suppression of notable price moves in either direction due to enduring central bank stimulus, and, relatedly, lows in cross-asset volatility. "Trend followers typically do well during periods of high volatility," he wrote. Fine. Now come 2018 Feb. According to this article, trend followers post worst returns in 17 years because of volatility spikes. It seems like whether it's high volatility or low volatility, trend followers lose money. https://www.bloomberg.com/news/arti...s-post-worst-returns-in-17-years-in-vol-spike. I wonder what do the professional traders on this forum think about the poor performance of trend-following in recent years. The journalists are not practitioners. I trust more in the opinions of the professionals here. Why do you think trend following has suffered in recent years? Would it be good time to switch to mean reversion?