Top Traders Unplugged2 Okt 2024

ALO26: Managing a C$600 Billion State Pension Fund ft. Amy Flikerski

Amy Flikerski, Head of External Portfolio Management at CPP Investments - the C$600bn Canadian state pension fund - joins Alan Dunne in this episode to discuss allocating capital to emerging and established hedge funds. They delve into the evolution of the hedge fund industry from the perspective of an allocator and particularly how the growth of the large multi-manager multi-strats has impacted hedge fund allocating. Amy discusses the role of the External Manager Allocations in the context of CPP Investment’s overall portfolio and some of the key considerations from a top down and bottom up perspective when the portfolio is constructed. Amy also highlights how CPP Investments evaluates emerging managers, what makes a great hedge fund manager and also offers valuable advice for hedge fund managers when engaging with allocators.

-----

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.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 Amy on LinkedIn.

Episode TimeStamps:

03:02 - Introduction to Amy Flikerski

08:02 - How they think about manager selection

09:28 - How do they categorize their strategies?

11:40 - How they assess their investment objective

13:07 - How they manage risk

14:29 - How the global macro environment affects them

15:41 - How they manage a billion dollar portfolio

17:11 - How the hedge fund industry have evolved

19:13 - Is there a place for multi-manager pods?

20:47 - A war for talent

22:34 - How they approach internal vs external management

26:34 - How is their team set up?

28:48 - What are they looking for when assessing managers?

30:54 - Making allocation to emerging managers

33:10 - What characterize their managers?

34:48 - Assessing the scalability of a strategy

37:29 - What makes a good allocator

39:23 - Advice for independant hedge funds

41:40 - What types of early stage managers do they look out for?

42:55 - How they approach their portfolio construction

45:25 - How they manage fund constraints

46:48 - What is their typical ticket size?

47:31 - Reaching the right level of transparency

49:46 - Characteristics of a succesful discretionary manager

51:14 - Managing drawdowns

52:56 - Their decision-making process

55:58 - How they approach commodities

57:33 - Advice for other managers

01:00:18 - Advice for people coming into the industry

----

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

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(929)

ALO34: Building an Asset Owner Mindset in Modern Pension Investing ft. Dan Mikulskis

In this episode, Alan Dunne speaks with Dan Mikulskis, CIO of People’s Partnership, about the evolution of large pension funds and what it means to think like an asset owner. Managing over £40 billion...

18 Mar 1h 8min

SI391: Why Trend Following Works... the Evidence ft. Richard Brennan

What if trends in financial markets are not anomalies, but the natural consequence of how markets function? In this episode, Niels and Richard explore the structural foundations of trend following. Dr...

14 Mar 1h 6min

ALO33: The Psychology Behind Better Asset Allocation ft. Aoifinn Devitt

In this episode, Alan Dunne speaks with Aoifinn Devitt about what it really means to build resilient portfolios in a world of shifting regimes and competing narratives. Drawing on experience across pe...

11 Mar 1h

SI390: When Narratives Change Faster Than Markets ft. Alan Dunne

Markets can shift direction faster than the narratives used to explain them. In this episode, Niels and Alan unpack the sharp reversal in bond markets, the geopolitical tensions shaping energy prices,...

7 Mar 1h 10min

UGO10: The Fourth Turning Is Here: How to Trade the Regime Shift ft. Neil Howe

Cem Karsan sits down with Neil Howe to examine what a true regime shift means for markets and society. Howe argues that we are deep into a Fourth Turning, a generational winter that historically bring...

4 Mar 1h 5min

SI389: The Market Is Pinned, But Risk Is Growing ft. Cem Karsan & Alan Dunne

In this episode, Alan Dunne and Cem Karsan explore a market that appears calm on the surface yet increasingly unstable underneath. As indices move sideways, they discuss how options flows and structur...

28 Feb 1h 2min

IL46: The Business Model Trap: Why Short Ideas Start in the Real World ft. Mark Roberts

In today’s episode we talk to Mark Roberts, founder of Off Wall Street, a legendary provider of short selling research to hedge funds. Seven months before Enron became the biggest bankruptcy in US cor...

25 Feb 1h 2min

SI388: Peak Bubble? Why Markets Feel Different in 2026 ft. Mark Rzepczynski & Alan Dunne

Today Alan and Mark step back from the noise to examine a market environment that feels subtly but meaningfully different. From AI euphoria giving way to harder questions, to gold’s steady rise and a ...

21 Feb 1h 3min