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

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

Today, we are joined by Marty Lueck, Co-Founder of Aspect Capital, for a conversation on their systematic investment process, with a primary focus on research. We discuss why bias is a core element of Aspect Capitals investment philosophy, the essence of trend and why trend strategies work, as well as how they work together with their investors to create the most optimal portfolio for them. We also explore Lueck's analogy of trend as "medicine" and why it is important to give the medicine time to do its work. We continue with topics such as how trend following as a strategy has evolved over time and how they feel about the newest CTA replication products, their reasoning for being cautious about using machine learning and, why they chose not to dwell too much on fees, how they guide their clients when it comes to return expectations and much more.

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

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Learn more about Aspect Capital

Episode Timestamps:

02:57 - Introduction to Aspect Capital

06:54 - Their Investment Philosophy

09:56 - Why does trend strategies work?

13:12 - A less uncertain period

15:44 - Too concerned about the sharpe?

20:38 - Which trends are most popular?

23:01 - Costumization - is there a limit?

28:58 - Staying diversified and improving models

34:33 - The research process

37:29 - A change in models?

40:15 - CTA Replication - good or bad idea?

46:01 - Their perspective on machine learning

49:33 - The risks of trend following

51:45 - Manipulated markets

53:04 - Their perspective on capacity and fees

56:26 - Setting expectations

59:05 - Simple vs. sophisticated

01:00:03 - Trend following disagreements

01:01:34 - Last words

01:04:01 - Thanks for listening

Copyright © 2025 – CMC AG – All Rights Reserved

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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

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