Top Traders Unplugged9 Okt 2014

TTU38: The Real Secret Behind Trend Following & How It Works ft. Martin Lueck of Aspect Capital – 2of2

In the second part of our conversation with AHL founder and Aspect Capital Director, we dive into the details of his firm’s strategies and models. We explore how the models evolve, how he deals with risk management, and his advice for would-be fund managers. Investors and managers alike will gain deep knowledge from this episode.

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

In This Episode, You’ll Learn:

How their model changes are very small and gradual.
What the Diversified Program of Aspect looks like today.
How Martin weights the portfolio between financial markets and commodity markets.
How his model allows them to grow the company.
About foreign exchange markets and liquidity.
The 2008 crisis and how it affected their models.
The real secret behind trend following and how it works.
How they are making the transition to a “box-to-box” execution approach.
How Martin defines risk and risk management.
About model risk.
How their risk team operates.
Why correlations are a crucial to look at.
How drawdowns are different than open-ended risk and how to explain that to investors.
Why succession planning is not an issue for the company right now.
What his biggest challenge is.
The evolution that is going on in the managed futures industry in general.
How small firms are struggling but may see opportunities in the future.
What Martin would ask David Harding if he were interviewing him.
What investors forget or don’t know to ask.
Martin’s advice for managers or would-be managers.
A vacation the Martin took his family on, that turned traumatic for a moment and that British Airways learned a lot from.

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Resources & Links Mentioned in this Episode:

Martin suggests books by Antti Ilmanen.
Learn more about David Harding and Winton Capital Management.

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 Aspect Capital on Linkedin.

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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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