SI52: Working with legendary Paul Tudor Jones ft. Peter Borish

Sep 10, 2019

Ask episode

Chapters

Transcript

Episode notes

In our special Anniversary Edition of the Systematic Investor Podcast, we invite Peter Borish onto the show to discuss the differences between Discretionary and Systematic Investing, Peter’s journey from the New York Federal Reserve to his role at Quad Group, his experience working with Paul Tudor Jones, his opinion on the CTA industry and its current approach to attracting capital, the benefits of having solid business partners during the best and worst of times, the power of Market Cycles, how perception rather reality can affect a client’s judgement, the effectiveness of Trading coaches, and we also get Peter’s opinions on the current state of the markets. We asked Peter many questions this week, including: Where do you draw the line between normal drawdowns, and feeling compelled to change your models? How do you best explain the benefits of a Rules-Based Trading approach to potential clients? What does Quad Group do, and how difficult is it to find new talent? Can the collapse of Passive Index Funds be the main driver behind the next recession?

-----

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

01:20- Weekly review of performance

05:30 – Voicemail from Jim

07:20 – Peter Borish journey

11:10 – Moritz: What sparked your interest in trading?

12:50 – Jerry: What are your opinions on me/CTAs and the evolution/future of the industry?

18:00 – Niels: Can you comment on Tony Robbins coaching Paul Tudor Jones?

22:20 – Niels: Do systematic traders need coaches?

29:40 – Moritz: How do you balance sticking to a system vs changing/evolving?

41:25 – Niels: How would you pitch TF nowadays to attract more investors?

47:10 – Jerry: How should systematic and discretionary be combined?

51:25 – Jerry: Do famous macro traders use trend but not talk about it?

57:25 – Niels: Do you think famous traders deep down are systematic?

59:10 – Niels: Please explain Quad Group and your role.

01:02:05 – Niels: How many managers do you evaluate and how many make the cut?

01:03:50 – Jerry: What’s your view on the future of hedge funds and CTAs?

01:04:50 – Jerry: What is your current macro view?

01:08:25 – Moritz: Is Quad’s trading systematic or discretionary?

01:09:50 – Niels: How do you give people a specific loss limit at Quad but also want them to follow systems that may perform worse than backtests/history?

01:14:40 – Jerry: How do you help a trader grow his AUM/business

01:17:00 – Niels: What questions do you ask potential managers?

01:18:50 – 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