The Best Year Yet for Leda Braga’s Systematica Investments

And why several trend-following funds likewise posted outsized returns last year.

Leda Braga at Delivering Alpha in 2015. (Heidi Gutman/CNBC)

Leda Braga at Delivering Alpha in 2015.

(Heidi Gutman/CNBC)

Five years after Leda Braga launched her firm Systematica Investments, the firm has posted its best results ever.

Systematica BlueTrend fund, its best known vehicle, was up 13.6 percent in 2019, according to a private database. In the previous four years since Systematica took control of the fund from BlueCrest Capital Management, it lost 10 percent or so twice and twice gained in the low single digits.

BlueTrend’s

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