عملکرد بهتر یک صندوق سرمایه‌گذاری مبتنی بر روند با بازگرداندن انسان به فرآیند تصمیم‌گیری

One trend-following fund has outperformed rivals this year by deciding to take profits. That’s according to a report from Morningstar, which found that the AQR Managed Futures Fund (AQRNX) has returned 24.7% this year through Nov. 21, compared with an average return of 14.8% for its peers. The fund’s success is due in part to its decision to bring humans back into the decision-making process. For years, AQR had relied on algorithms to make investment decisions. But in 2021, the firm decided to add a team of portfolio managers to oversee the algorithms and make adjustments as needed. “We found that the algorithms were good at identifying trends, but they weren’t always good at knowing when to take profits,” said AQR Chief Executive Officer Robert Greenebaum in an interview with MarketWatch. “We needed humans to help us with that.” The portfolio managers have been able to identify opportunities to take profits when the algorithms were getting too greedy. This has helped the fund to avoid losses and generate strong returns. “We’re not trying to beat the market,” Greenebaum said. “We’re trying to capture trends.” The AQR Managed Futures Fund is a popular choice among investors who are looking for a way to diversify their portfolios and protect themselves from market downturns. The fund invests in a variety of futures contracts, including commodities, currencies, and bonds. Morningstar analyst Greg Carlson wrote that the fund’s performance is a testament to the value of human judgment. “In a world of increasingly automated investing, it’s easy to forget that humans still have a role to play,” Carlson wrote. “The AQR Managed Futures Fund is a reminder that sometimes, the best investment decisions are made by people, not machines.”