Top Traders Unplugged6 Mars 2023

TTU137: A new approach to Entering Trends ft. David Gorton, CIO at DG Partners

Today, we are joined by David Gorton, CIO at DG Partners, for a conversation on how they use trend following to achieve a multi-billion dollar portfolio. We discuss how to become a better trend follower by understanding the weaknesses of the strategy and their approach to produce positive alpha, the challenge of timing trend following and how they focus on the conceptual trend without giving up the skew and how the "dark" 10-year period has affected their approach to volatility. We also discuss how they manage risk in an uncertain environment and the state of liquidity, whether trend following has a limit in terms of capacity and much more.

DG Partners LLP is authorised and regulated by the FCA and only provides services to professional clients as defined under the FCA rules.

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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 DG Partners.

Episode Timestamps:

02:08 - Introduction to DG Partners

03:38 - Their road to trend following

12:13 - The weaknesses of trend following

16:00 - Too concerned about Sharpe?

19:10 - The dual mandate

22:51 - The trend following narrative

27:19 - Capturing the meat of trend following

30:24 - Need for speed?

38:13 - How many markets do they trade?

40:16 - Rethinking volatility?

43:01 - Their execution process

44:00 - Their view on CTA replication

47:39 - Risk management

51:36 - The state of liquidity

59:36 - The absence of pain

01:00:40 - Trend following in a broader portfolio

01:02:58 - Capacity in trend following

01:05:26 - Trend following disagreements

01:06:50 - Expectations for 2023

01:08:17 - Thanks for listening

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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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