Top Traders Unplugged23 Feb 2022

ALO03: Lessons from a $25 billion CIO ft. Elizabeth Burton

Alan Dunne is joined today by Elizabeth Burton to discuss managing a public fund versus a private fund, the challenges to those invested in the traditional 60 / 40 portfolio, the current outlook for inflation, performing above expectations, how to re-position a portfolio for higher expected inflation, fixed income versus real assets, categorising asset classes effectively, the limits of mean variance optimisation, using historical perspectives as an input into current decision-making, difficulties in the manager selection process, and how to simplify complex ideas in order to communicate more efficiently.

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

In this episode, we discuss:

The outlook for inflation
Achieving high performance consistently
How to re-allocate a portfolio accordingly
Mean variance optimisation
Whether this time is different
Selecting the right manager
Simplifying complexity for better understanding

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.com

And 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 Elizabeth on LinkedIn.

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Episode TimeStamps:

00:00 - Intro

03:30 - Elizabeth’s background and history in the investment world

04:55 - Elizabeth’s perspective on today’s markets

06:52 - Managing a public fund versus a private fund

08:14 - Performing above expectations

09:38 - The current outlook for inflation

11:31 - How to re-position a portfolio for higher expected inflation

13:57 - Fixed income versus real assets

14:51 - Categorising asset classes effectively

19:56 - The limits of mean variance optimisation

21:59 - Using historical perspectives as an input into current decision-making

24:09 - Whether this time really is different

25:25 - Difficulties in the manager selection process

28:35 - Choosing between macro and systematic investors

30:08 - The pitfalls of investing with macro traders

32:40 - Investing in a manager who includes crypto in their portfolio

34:34 - Allocating between systematic and discretionary managers

36:45 - How to screen for a good money manager

40:44 - How to respond when a manager is underperforming

43:48 - Process over outcome

47:04 - Working with consultants

52:27 - Lessons from a leadership coach

57:00 - Simplifying complex ideas for better communication

01:00:28 -Advice for aspiring allocators

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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

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Disclaimer

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