I've become a big fan of Meb Faber's research and his overall approach to investing/trading. If you compare some of AQR's funds with Cambria's, meb basically performs as well or better and most of his funds are at least 100 basis points cheaper. Obviously AQR has a lot more to offer and I'm not saying they are exactly correlated, but if one wants a systematized momentum/trend allocation without doing any of the work, I'm not sure why Meb's funds wouldnt be the ideal choice.
I'm pretty much a trend following n00b and have been running my own breakout and dual momentum systems (along with a short term mean reversion system) for little under a year but Im thinking of just moving most of my IRA to Cambria funds and forgetting about it.
Anyway...just thought it was interesting. Would be interested in hearing feedback from @Jesse or any of trend followers on the board.