Top Traders Unplugged

Finance and investment expert Andrew Beer discusses the changing role of bonds in investment portfolios and suggests considering alternative strategies like managed futures. They also touch on the performance of trend followers in the current market environment, the dangers of relying solely on calendar years for evaluating trends, and the changing role of the dollar and optimism towards the US economy. The conversation concludes with a discussion on the evolving nature of information and truth.

Frances Donald, Chief Economist and Strategist at Manulife Investment Management, discusses the structural shift in the economy, predicting a US recession in 2024 and tactical opportunities in fixed income markets. The conversation explores the shift towards a supply-driven global economy, implications for inflation and fiscal policy, and advice on macro strategy and communication skills.

Mark Rzepczynski reflects on the first month of 2024, discussing the impact of misinformation on the global economy. Topics include using price as the only data input, the role of speed in trend following, and the importance of a manager's 'personality'. They also dive into principal component analysis and the factors that drive trend following performance. New research suggests that trading more markets may produce better returns, highlighting the importance of diversification.

Amy Edmondson, Harvard Business School professor and author of The Right Kind of Wrong, The Science of Failing Well, talks about embracing failure as a learning opportunity, reframing biases, and cultivating intelligent failures for progress. The podcast also explores the intersection of Eastern philosophy and Western science, emphasizing the importance of learning to fail well and embracing personal growth.

Market expert, Alan Dunne, discusses the potential impact of a Trump win on the markets. They also discuss the importance of liquidity, the global macro picture, and the allocation to trend following in a multi-asset portfolio. The episode dives into options for gaining exposure to equities, compares drawdowns across different strategies, and explores the benefits of diversifying into non-correlated strategies.

In this episode, Casey Clark, CIO at Rockefeller Asset Management, discusses the mega trends shaping the investment landscape. They talk about the key traits of great investors, the changing macro landscape, the implications of a positive correlation between bonds and equities, the resurgence of value investing, and the greater adoption of alternatives in portfolios. They also delve into ESG investing, the diverging trends in the US and Europe, and how Rockefeller incorporates ESG into their alpha generation process. Additionally, they explore the major mega trends that will shape the economy, the challenges of the traditional portfolio, and advice for starting off in the industry.

In this episode, Katy Kaminski discusses momentum trading versus trend following, identifying convergent patterns, and her perspective on the 2023 economic transition. The hosts also touch on the Danish monarchy, industry performance, and the changing correlation between stocks and bonds.

Renowned risk management experts Dave Dredge and Cem Karsan discuss the current market climate and the importance of long volatility and owning convexity in investment views. They also tackle the consequences of government debt and the challenges faced by central banks. The speakers explore the risks of unwinding non-recourse leverage and delve into the potential impact of expanding volatility in areas like FX and equity. A must-listen for investors looking for insights into the year ahead.

Rob Carver, quantitative analyst and author, discusses the potential disappearance of the Trend Following risk premium, managing exogenous and endogenous risks, trading single stocks vs. stock indices in a multi-asset trend program, the irony of the newly approved crypto ETF, and the changing nature of bitcoin.

In this episode, Moritz Seibert is by Scott Kerson, the Head of GreshamQuant. Gresham is a commodity-focused investment management firm and GreshamQuant is their systematic trading arm. In 2017, they launched the ACAR Fund, an alternative markets trend following fund with an exclusive focus on commodities. Scott and Moritz discuss why they believes alternative markets to have better trending properties and higher Sharpe ratios within a trend following context and why they refuse to trade a larger portfolio which would also include the traditional futures markets most other CTAs trade. At the end, Scott also shares his outlook on the alternative markets CTA space with us. If you’re interested in alternative markets trend following, this is a valuable episode to listen to. -----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.comAnd 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.Follow Moritz on Twitter.Follow Scott on LinkedInEpisode TimeStamps: 02:22 - Introduction to Scott Kerson08:27 - When did AHL Evolution start and what is it?13:54 - What is an alternative market to Kerson and what differentiates it from other markets?20:25 - Why an exclusive focus on commodities?22:45 - What markets are Kerson trading and why?24:04 - Where are the hidden gems?26:31 - Why Kerson restrict the markets he is trading30:37 - Maintaining a neo-classical trend approach31:26 - A need for long-term?33:09 - What is the capacity of the markets?34:28 - What is the total AUM of alternative market CTAs today?35:30 - Their core research philosophy37:53 - The key barriers to entry39:52 - How have they gone through 2023?41:07 - Is there any market that stand out from the others?43:16 - The outlook of the alternative markets CTA space45:36 - Thanks for listeningCopyright © 2024 – CMC AG – All Rights Reserved----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 Here2. 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 Here3. Other Resources that can help youAnd 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 HerePrivacy PolicyDisclaimer