AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Top Traders Unplugged
SI272: Disrupting the Asset Management Industry ft. Andrew Beer
Dec 2, 2023
Andrew Beer, expert in asset management and replication strategies, discusses the struggles of managed futures in 2023 and the changing landscape of the asset management industry. Topics include the history of replication strategies, disruptions in the industry, the comeback of the 60/40 portfolio, and challenges faced by trend following strategies.
01:14:43
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The struggle of managed futures in 2023 is attributed to market reversals and mixed performance in commodities, causing negative correlation to equities.
- Replicators offer synthetic, diversified exposure to managed futures, mitigating the risks associated with relying on a single manager.
Deep dives
Performance Challenges in Trend Following
In November, trend following strategies faced a tough challenge due to market reversals in bonds and currencies, initiated by a CPI number and Federal Reserve comments. There were few individual commodities with good trends, and the overall commodity complex was mixed. In contrast, equities and bonds experienced a strong rally. This led to a negative performance for trend following strategies in November. Notably, CTAs and trend followers showed a negative correlation to equities, which further impacted their performance.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode