Trend following hedge funds enjoy summer surge with best monthly performance this year Submitted By Hugh Leask | 07/08/2020 - 10:56am Trend following hedge fund managers gained ground in July following a patchy first half of 2020, notching up their best monthly performance so far this year by capitalising on soaring gold prices and emerging trends against the US dollar. As markets moved into the second half of the year, CTAs and managed futures strategies seized on an assortment of uncorrelated markets to reverse June’s disappointing numbers, new performance metrics from Société Générale show.