Short-term trend-following hedge funds continue to thrive, but other CTAs slip into red Submitted By Hugh Leask | 21/05/2020 - 1:26pm Short-term trend-following hedge fund strategies are maintaining their positive momentum in May, but other managed futures strategies have dipped into negative territory in recent weeks. New data from Société Générale shows that short-term trend-followers have risen 0.47 per cent so far this month.