Top Traders Unplugged

SI376: What They’re Only Now Starting to See ft. Andrew Beer

37 snips
Nov 29, 2025
Guest
Andrew Beer
Andrew Beer, a managed futures and CTA strategist, shares his insights on the evolving landscape of wealth management. He explores how the broken 60/40 investment strategy is pushing managers to seek new diversifiers, highlighting the surge in trend ETFs and liquid alts. The discussion delves into the complexities of replication versus traditional CTAs, the true costs of investing, and the potential of managed futures as a ‘cloudy crystal ball’ for market predictions. Andrew also introduces a new low-fee ETF based on his index strategy.
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INSIGHT

Bonds Broke The 60/40 Playbook

  • Bonds stopped behaving as a diversifier, looking more like weak equity exposure during recent regimes.
  • That break in the 60/40 paradigm forces allocators to grow an "other" diversifier bucket including managed futures and liquid alts.
INSIGHT

Replication Captures Core Beta Efficiently

  • Replication captured core CTA beta with far fewer instruments and material efficiency advantages.
  • Some of the extra complexity managers add may subtract value via higher implementation costs or misguided risk controls.
ADVICE

Use Indices To Build Allocator Confidence

  • Use transparent indices to let allocators model long histories and decide rationally about allocations.
  • Ask for indexed or swap-based exposures if you want efficient access and clearer benchmarking.
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