Top Traders Unplugged24 Maj 2020

SI89: Trend Following EFTs and Asness vs Taleb ft. Rufus Rankin

We’re joined by special guest, Rufus Rankin of Ampersand Investment Management, to discuss Trend Following ETFs, the definition of a truly diversified portfolio, flat-fees versus performance-based fees, how to choose between different managers, learning from Q1 2020, predicting CTA returns, and the recent public spat between Cliff Asness & Nassim Taleb. Questions we answer include: Are Trend Following CTAs seeing an increase in client interest after this year’s stock market crash? What non-USA or Europe markets are CTAs currently interested in?

-----

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.

Episode TimeStamps:

00:00 – Intro

01:26 – Macro recap from Niels

04:06 – Weekly review of performance

07:20 – Niels: How what was your journey into this industry?

08:57 – Niels: How did you end up allocating capital to CTAs?

10:05 – Niels: Do you view Trend Following as a philosophy?

12:50 – Niels: What are your thoughts about truly diversified portfolios?

17:28 – Moritz; If we can’t forecast CTA returns, do you think we should allocate capital to as many CTAs as possible?

20:02 – Niels: What percent of a whole portfolio would you recommend to Trend Following, and what would investors be comfortable with?

19:02 – Moritz; Do you only allocate to Trend Following CTAs?

22:41 – Moritz; Do you consider yourselves to be a ‘fund of funds’?

23:11 – Moritz; How do you handle client pressure surrounding double-layering of fees?

24:17 – Niels: Who do you think drives the demand for flat-fees, rather than performance-based fees?

26:03 – Niels: What do you think of cheap Trend Following replication products versus full-cost, long-established, Trend Following funds?

30:16 – Moritz: Do you still think CTAs are worth their performance fees?

32:30 – Niels: How do you choose between different managers?

35:19 – Moritz: When do you stop adding CTAs to your portfolio, for diversification?

37:15 – Moritz: How do you gain exposure to your chosen CTAs?

38:44 – Niels: How has 2020 been for you so far?

40:09 – Niels: What are some of the things you learned from Q1 2020?

42:52 – Moritz: How has machine learning added value during Q1 2020?

44:41 – Question 1; Michael: Have you ever considered creating a Trend Following ETF?

48:49 – Niels: Would Trend Following ETFs be required to disclose the rules of the strategies?

44:41 – Questions 2&3; Brian: Are Trend Following CTAs seeing an increase in investor interest, post the 2020 market crash? What non-USA or EU markets are CTAs currently interested in?

53:31 – Benchmark performance update

----

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

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(930)

GM100: Central Banks in the Dark: Inflation, AI, and the Limits of Control ft. David Beckworth

Today, we are joined by David Beckworth, Senior Research Fellow at the Mercatus Center and host of Macro Musings, for a deep dive into the biggest macro questions shaping markets right now. David expl...

13 Maj 1h 4min

SI399: AI, Inflation and the Portfolio That Refuses to Sit Still ft. Alan Dunne

Today, Niels and Alan examine a market shaped by two forces pulling in opposite directions: AI’s promise of higher productivity and the inflationary pressure of geopolitical stress. From distorted eco...

9 Maj 1h 11min

OI22: Inside the Next Generation Market Wizards ft. Jack Schwager & George Coyle

What does it take to become a true Market Wizard, and why do so many of them fail before they find their edge? In this special episode, Moritz Seibert sits down with Jack Schwager and George Coyle to ...

7 Maj 45min

GM99: Gold, Trust, and the Return of Real Assets ft. Philip Diehl

Today, we are joined by Philip Diehl, former Director of the United States Mint and President of U.S. Money Reserve, for a timely conversation about gold’s renewed role in a world shaped by inflation,...

6 Maj 1h 5min

SI398: Navigating a VUCA World ft. Mark Rzepczynski

Today, we explore what it means to invest in a world defined by volatility, uncertainty, complexity, and ambiguity (VUCA). We discuss why geopolitical shocks... especially supply-driven ones... are cr...

2 Maj 1h 7min

IL48: The Misunderstood Economics of Africa ft. Joe Studwell

In this episode Kevin Coldiron is joined by bestselling author Joe Studwell who speaks about his new book How Africa Works: Success and Failure on the World’s Last Development Frontier. We discuss why...

29 Apr 1h

SI397: The Market Isn’t Free Anymore, It’s Being Managed ft. Cem Karsan

Today Cem Karsan and Niels Kaastrup-Larsen examine a market environment where politics, geopolitics and liquidity are becoming harder to separate. Cem argues that recent market strength is not just a ...

25 Apr 1h 11min

UGO11: Fiscal Dominance, Dollar Power, and the Politics Driving Markets ft. Lyn Alden

Today, Cem Karsan sits down with Lyn Alden for a wide-ranging conversation on the forces quietly shaping markets beneath the surface. From the persistence of fiscal dominance to the role of populism, ...

22 Apr 1h 11min