TTU130: Trend Following Solutions ft. Marty Lueck, Co-Founder of Aspect Capital

Join us for a thought-provoking conversation with Professor Helen Thompson of Cambridge University, author of Disorder: Hard Times in the 21st Century, as we take a big picture perspective on the current global macro landscape. A key focus of Helen’s work is the role of energy markets in understanding global macro developments and we delve into Europe’s energy dependence on Russia. We hear about the factors which enabled Europe avoid an energy shortage in the winter of 2022 but why energy markets remain a risk factor for the Eurozone economy. We discuss the shift towards more proactive industrial policy in the US, what is driving it and how it relates to deglobalization. We also discuss China, its economic challenges and its evolving role in the Middle East and whether the global economy is truly fragmenting into distinct trading blocs. We get Helen’s perspective on the US dollar’s reserve status and why the US’s role in the international monetary order is as strong as ever and get her thoughts on the next year’s US presidential election. -----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Helen on Twitter.Episode TimeStamps: 02:36 - Introduction to Helen Thompson 06:31 - Why did she write her book, "Disorder: Hard Times in the 21st Century"?10:15 - The outlook for Europe's oil and gas dependency 17:23 - A longer-term structural challenge?...

27 Syys 20231h 2min

Tune in for this week’s trend following conversation with Alan Dunne, where we discuss Barry Eichengreen’s paper on living with high public debt and how the high level of debt can be addressed, the relationship between interest rates and GDP, how Forex trading have evolved over time and why it is having a renaissance at the moment. We also discuss return expectations in markets and diversified strategies and Alan reports what he experienced from a recent investor event in Paris.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:57 - What has been on Alan's radar recently?04:55 - Industry performance update08:16 - Living with high public debt20:27 - Other investors' view on the high level of debt24:10 - How the trading of FX markets have evolved32:58 - Do you need specialists to trade markets?37:45 - China imposing trading restrictions?40:36 - Where returns may go from here?48:49 - High interest rates not beneficial for high leverage strategies?51:05 - Inside knowledge from Paris Investor event59:11 - Alan to host upcoming Systematic Investor episodes01:00:29 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my...

23 Syys 20231h 2min

In this episode we lift the veil on China’s often secretive system for managing its multi-trillion dollar holdings of foreign assets. Guiding us through the discussion is Dr. Zhongyuan Zoe Liu, the Maurice R. Greenberg fellow for China studies at the Council on Foreign Relations. Dr. Liu spent years researching financial reports and conducting in-person interviews with those involved in running China’s multiple “Sovereign Leveraged Funds”. We discuss how they evolved, what purposes they serve for the Communist party and why other countries may soon follow China’s lead. The interview is based on Dr. Liu’s new book: How The Communist Party of China Finances Its Global Ambitions.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Zongyuan on Twitter and Read her Book.Episode TimeStamps: 00:00 - Intro03:52 - Sebastien’s journey into the investment management industry07:45 - How Sebastien’s book came about19:43 - Investing in a rising interest rate environment24:06 - Responding to unexpected regime shifts in the markets33:24...

20 Syys 202359min

Today Nick Baltas and I embark on a journey through the shifting tides of investment strategy. For decades, equities have reigned supreme as the primary source of portfolio returns, while bonds played a crucial role as diversifiers. But over the past two decades, something intriguing has happened, and the dynamic between these two asset classes has evolved in ways we've never seen before. Stay tuned as we unravel the fascinating story of this transformation and explore what it means for modern investors. We also discuss what a leading Trend Follower describes as what really determins absolute returns in a trend following strategy...and you may be surprised of what it is.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Nick on Twitter.Episode TimeStamps:01:07 - What has caught Nick's attention recently?03:02 - Industry performance update04:30 - Q1, Corey: If an investor is heavily weighed equities, are they better off with trend following providers that don't include equities as one of the utilized asset classes10:31 - How model portfolios can benefit from trend following19:02 - A Changing Stock-Bond Correlation (AQR Paper)23:50 - How structural inflation can impact the stock-bond correlation27:46 - Illiquid alternatives and commodities as diversifiers35:27 - Significant shifts in the asset allocation space38:14 - Is cash better than bonds?41:40 - Paper from Transtrend47:15 - What really drives the absolute return in a trend...

16 Syys 202359min

Join us for a captivating episode where we delve into the hidden influence of confidence in our decision-making. Discover why seemingly unprecedented events are often predictable with the right insights. Peter Atwater provides an accessible framework for understanding confidence, helping us navigate uncertainty and lack of control. Our conversation delves into how confidence impacts politics and the economy, as well as how we can nurture confidence in the younger generation to face life's challenges with resilience. Tune in to gain valuable perspectives on the role of confidence in shaping our world.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Peter on Twitter.Episode TimeStamps: 02:04 - What does confidence mean to Peter?04:38 - The feeling of vulnerability06:19 - Being in the present07:57 - Understanding the confidence map12:08 - How to become confident13:32 - Peter's advice for the younger audience17:02 - Having confidence is not a constant17:48 - Learnings from a traumatic experience21:23 - Map it out22:33 - Why is sentiment changing so quickly?28:05 - The generational shift30:49 - Is crypto the new Woodstock?36:15 - Is the

13 Syys 20231h 13min

Is the economy actually doing better than we expected? This week we are joined by Andrew Beer, where we discuss the use of replication strategies in the current economic environment and how many markets/factors you should include, how managers can differentiate themselves from each other and the outlook for growth in the CTA industry. We also discuss the challenges of the Lemming effect in investing and today’s obsession with multi-strategy hedge funds, the capacity of the trend following industry and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Andrew on Twitter.Episode TimeStamps: 01:20 - What has happened recently?05:51 - Industry performance update?07:13 - Are managed futures funds are right for replication?13:55 - How did they test it?17:23 - Are economies becoming less synchronised?25:02 - How many markets are enough for replication?29:01 - Why are people going into alternative markets?32:58 - Have managers become more different or similar?41:02 - Industry disruptions - how is Andrew different?47:22 - Why CTA assets will be much higher in 10 years54:44 - How Andrew resist making changes to his replication strategy56:54 - Train wreck in hedge fund land01:04:02 - How do multi-strat funds manage their expenses?01:08:25 - The challenges of the industry01:14:21 - Thanks for listeningCopyright © 2025 – CMC AG –

9 Syys 20231h 16min

In this episode we are joined by a true Macro thinker, Nelson Rangel, CIO at Raven Capital. Nelson walks us through his fascinating lens of the world evolved from his formative career years where his mentors taught him chaos theory and quantitative analysis. The conversation delves in to global conflict, adapting to social media information flows, and the challenges of finding investment value in LATAM markets. Be sure to stick around to the very end where Nelson leaves us with a cliff hanger as he reveals the beginning of his three part investment framework to interpret the impact of human contact with more advanced civilizations!-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Nelson on Twitter.Episode TimeStamps: 03:32 - Introduction to Nelson Rangel08:09 - Takeaways from being exposed to chaos theory12:29 - A look around the globe17:37 - Reflecting on the U.S debt21:17 - How is the next decade unfolding for China?25:29 - The BRICs taking over the monetary system30:38 - Who is behind the manipulation of narrative on social media?34:58 - Being adaptable to new scenarios39:26 - Advice for investing in South America48:14 - News about UAPs (UFOs)56:24 - Key takeaways from NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're

6 Syys 202358min

Today, we welcome Katy Kaminski to the Systematic Investor Series, as we dive deep into trend following systems and how to overcome the unintended biases that can creep into CTA systems, why Katy believes everybody has to “go back to the drawing board”, why it is unrealistic to expect things to go back to “normal”, and why Katy believes we are not in a crisis but rather a correction. We also discuss how a crisis is in the eye of the beholder and shed light on the current global macro narrative. We round things off uncovering why Katy believes bonds are mispriced, why "simple" trend following strategies persist to thrive and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Katy on LinkedIn. Episode TimeStamps:01:16 - What has caught our attention recently?03:43 - Industry performance update06:06 - The challenge of bias in trend following systems13:54 - Taking the bonds out?16:22 - Advice on trading universal parameters19:35 - Going back to normal - a fantasy?23:35 - Trend following - a long divergence strategy26:31 - Are we actually in a crisis?32:05 - Are crises becoming shorter and shorter?36:38 - How does Katy define a crisis?37:40 - A different understanding of trend following?40:32 - Are there different types of crises?45:55 - A global macro perspective51:38 - Are bonds mispriced?55:37 -...

2 Syys 20231h 1min