Top Traders Unplugged12 Helmi 2025

ALO28: Why Hedge Funds Still Matter ft. Alexander de Bruin

In this episode, Alexander de Bruin, Head of Fund Research at Edmond de Rothschild, joins Alan Dunne to discuss the art and science of selecting managers and building portfolios of alternatives. Alexander shares insights from his background in convertible bond trading and how it has shaped his approach to allocating capital. The conversation explores the rapid growth of private markets, with a focus on the current opportunities in private credit. They also delve into Alexander's framework for constructing hedge fund portfolios, examining the role of multi-manager, multi-strategy funds compared to other diversifying strategies. Alexander provides a behind-the-scenes look at his manager due diligence process, including his unique approach of sitting on the trading floor with hedge fund managers to gain a deeper understanding of their strategies.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Episode TimeStamps:

02:26 - Introduction to Alexander de Bruin

09:08 - The clients and portfolios that Edmond de Rothschild

13:24 - Should the 60/40 portfolio be revamped?

15:45 - de Bruin's approach to implementing new strategies

19:46 - How de Bruin deal with the paranoia of something going wrong

22:33 - Is there a place for multi-strat approaches?

25:14 - The challenges of managing risk as a multi-strat manager

26:59 - How hedge funds deal with portfolio constraints

29:25 - Opportunities and risks in private markets

35:37 - How high yield portfolios are allocated

37:31 - Which managers do they prefer?

39:49 - How to assess hedge funds as a manager and vice versa

44:51 - How de Bruin uses his backgammon experience when selecting managers

47:54 - Move the managers to where there is more edge

50:05 - Where does the disappointment in hedge fund allocation stem from?

53:36 - Are hedge funds becoming more open to high volatility strategies?

54:49 - What are Edmond de Rothschild looking for in managers?

56:41 - Advice for other investors

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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 eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

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Jaksot(929)

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