Get Stacked Investment Podcast

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold’s structural fundamentals, bitcoin’s emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.(0:00) Event invitation and podcast introduction(2:30) Episode focus: Gold, Bitcoin, and precious metals(3:03) Historical perspective on gold and its value(5:34) Gold's market dynamics and institutional interest(10:36) Structural reasons for gold's performance and public participation(17:01) Integrating gold into portfolios and comparison with other asset classes(23:27) Future prospects for gold mining stocks(24:33) Bitcoin as the digital counterpart to gold(26:13) Bitcoin vs. gold: Volatility and allocation strategies(30:34) Return stacking in portfolio construction(33:28) Rebalancing strategies with gold and Bitcoin(36:03) Institutional adoption of Bitcoin and gold(38:18) Behavioral finance in commodity investing(44:06) Incorporating non-correlated assets into portfolios(49:32) Developing intuition for emerging asset classes(51:01) Audience questions on volatility and leverage(55:28) Managing risk and avoiding excessive leverage(56:22) Seasonal gold investment strategies(57:00) Leveraging borrowing costs for capital efficiency(58:38) Diversifying with return stacking across asset classes(59:01) Contact information and episode disclaimer(59:48) Closing remarks and next steps

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today’s dynamic markets.(0:00) Event announcement: Return Stacking Symposium at Cboe Global Markets(0:44) Introduction to the Get Stacked Investment Podcast and Guest Rafael Ortega(3:40) Discussion on return stacking and balanced portfolio approaches(5:09) Rafael Ortega's journey from engineering to investment management(8:56) Exploring Harry Brown’s permanent portfolio concept(12:16) Asset performance across different economic cycles(17:52) Building a community around structural diversification(22:49) Rafael Ortega on the challenges and opportunities with conservative strategies(26:40) Risk balancing and the impact of volatility on returns(32:04) Understanding the concept of return stacking(34:14) Tackling operational and compliance challenges in investment management(37:02) Examining the role of leverage in diversified portfolios(40:23) Comparing drawdown recovery: S&P 500 vs. diversified portfolios(45:07) Educating investors on the value of diversification(47:21) Debunking misconceptions about all terrain portfolios(48:09) The long-term benefits of a more efficient portfolio(52:43) Managing emotions during market downturns(54:53) Resilience of leveraged portfolios(57:00) Predicting the mainstream adoption of diversifiers(59:30) Tailoring investment strategies to different investor profiles(1:01:00) Growing interest in return stacking and portable alpha(1:03:04) Navigating regulatory challenges in investment strategies(1:06:26) Prospects for the long-term adoption of return stacking(1:07:42) Closing remarks and Rafael Ortega's online presence(1:09:19) Outro and call to action

As financial advisors, we know clients struggle to stay the course with liquid diversifying investments, especially when 60/40 portfolios have been strong. RGBM ETF offers a solution: a 100% global balanced strategy stacked with an additional 100% systematic macro strategy. This 2 for 1 combination is designed to help deliver the diversification your clients may need in a solution they can actually stick to. In this podcast, we explore how RGBM’s unique 'return stacking' approach can improve portfolio resilience and client outcomes. Learn how it minimizes the behavioral challenges of owning diversifying assets.(0:00) Event invitation, speaker announcements, and registration details(0:46) Podcast introduction, purpose, and disclaimer(2:03) Introduction of hosts and overview of ReturnsTact funds(3:14) Return Stack Global Balanced and Macro ETF (RGBM) discussion(3:50) Explanation and benefits of return stacking(11:29) Practical implementation and key components of RGBM(14:08) Tax efficiency and systematic versus fundamental macro(16:46) Risk management and historical performance of systematic macro(21:19) Behavioral aspects and balanced allocation in RGBM(24:11) Capital efficient exposure to global equities and bonds(29:52) Conditional correlation and deploying investment dollars(32:09) Strategies for competitive returns and managing alternatives(35:01) Using RGBM for younger clients and rebalancing benefits(40:32) Long-term objectives and underlying markets of RGBM(43:05) Differences between RGBM and hedge fund strategies(45:01) Historical performance and future plans for Resolve's products(48:35) Closing remarks and resources(49:51) Product brief importance and final points(50:55) Encouragement to rate and review the podcast

Join us for an engaging live session as Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global, Corey Hoffstein, Chief Investment Officer of Newfound Research, and Adam Butler, CIO of ReSolve Asset Management Global, discuss recent macroeconomic events and their impact on managed future strategies, specifically trend following and multi-asset carry models. In this video, the panel analyzes key market-moving stories from the past few weeks, including European regulatory reforms, German fiscal stimulus, and international tariff battles. They also explore the recent performance and adjustments in their systematic strategies, providing valuable insights for advisors and investors navigating today's volatile market environment. (0:00) Introduction and guest Adam Butler(2:15) Macroeconomic environment and market analysis(4:25) German fiscal stimulus and European policy changes(6:32) Volatility and major market moves(13:27) Multi-asset carry strategies and market impact(26:17) Risks and performance of carry strategies(34:13) Trend following managed futures discussion(36:46) Adjustments and reactions in trend following strategies(43:06) Trend vs. carry strategy comparison(46:38) Market headlines and investment principles(50:01) Client expectations and strategy management(51:55) Mean reversion and investment energy concepts(53:33) Advisor-client communication in volatile markets(55:10) Dealing with sensitive clients and diversification importance(57:26) Strategy non-correlation and regulatory insights(59:30) Closing remarks and listener engagement

In today’s ever-evolving investment landscape, finding compelling alternatives to traditional fixed income is critical for building resilient portfolios.Enter RSBA, a first-of-its-kind ETF that combines U.S. Treasuries with a merger arbitrage strategy to offer what we believe is a smarter approach to fixed-income diversification.Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage. Read the prospectus or summary prospectus carefully before investing.Leverage Risk. As part of the Fund’s principal investment strategy, the Fund will make investments in futures contracts. These derivative instruments provide the economic effect of financial leverage by creating additional investment exposure to the underlying instrument, as well as the potential for greater loss. You could lose all or substantially all of your investment in the Fund should the Fund’s trading positions suddenly turn unprofitable. The net asset value of the Fund while employing leverage will be more volatile and sensitive to market movements.Stacking does not guarantee outperformance and diversification does not guarantee a profit or prevent a loss.Merger-Arbitrage Risk. Merger-arbitrage investing involves the risk that the outcome of a proposed event, whether it be a merger, reorganization, or other event, will prove incorrect and that the Fund’s return on the investment will be negative, or that the expected event may be delayed or completed on terms other than those originally proposed, which may cause the Fund to lose money or fail to achieve a desired rate of return.For additional disclosures and risks, visit https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/.Distributed by Foreside Fund Services, LLC.(0:00) Introduction and Overview of Return Stacking(4:02) The Problem Return Stacking Solves and Historical Performance Insights(8:14) Comparing Old vs. New World Investment Approaches(10:06) Exploring Stacking for Outperformance and Diversification(12:10) Deep Dive into RSBA ETF and Merger Arbitrage(15:54) Analyzing Merger Arbitrage Performance During Market Drawdowns(18:41) Merger Arbitrage vs. Credit Risk Premium and Bond Strategies(22:15) Understanding Merger Arbitrage and Its Legal Aspects(28:40) Alpha Beta Merger Arbitrage Index: Objectives and Mechanics(30:59) Insights on Portfolio Construction and Leverage Strategy(35:51) Deal Evaluation and Weight Adjustment in Merger Arbitrage(39:41) Q&A Session: Addressing Volatility and Tax Efficiency(42:46) Merger Arbitrage's Correlation with Other Investment Strategies(48:43) Comparing Different Styles of Merger Arbitrage Funds(51:04) Quantitative vs. Discretionary Approaches in Merger Arbitrage(54:13) Discussing Expected Drawdowns and Legal Constraints(56:41) Closing Remarks and Final Thoughts on Investment Strategies

Finding alpha is notoriously difficult.Instead of trying to pick stocks better, what if you simply added the return of high-conviction, alternative strategies on top of your asset allocation?That’s the opportunity portable alpha unlocks for allocators.Join us for an exclusive podcast where we reveal how capital-efficient ETFs can be used to “port” the returns of any alternative investment on top of your asset allocation. Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds. Read the prospectus or summary prospectus carefully before investing.Leverage Risk. As part of the Fund’s principal investment strategy, the Fund will make investments in futures contracts. These derivative instruments provide the economic effect of financial leverage by creating additional investment exposure to the underlying instrument, as well as the potential for greater loss. You could lose all or substantially all of your investment in the Fund should the Fund’s trading positions suddenly turn unprofitable. The net asset value of the Fund while employing leverage will be more volatile and sensitive to market movements.For additional disclosures and risks, visit https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds.Distributed by Foreside Fund Services, LLC.(0:00) Introduction of hosts and podcast(0:31) Overview of return stack suite of ETFs and market demand(2:29) Introduction to RSSB, portable alpha, and diversification strategies(9:08) Financing costs, leveraging with futures, and benefits of portable alpha(17:38) RSSB's construction, capital efficiency, and practical applications(23:14) Comprehensive look at stacking strategies and live demonstration(27:10) Rebalancing, portfolio drift, and systematic macro strategies(29:47) Performance evaluation and impact of adding 20% stacks(32:43) Diversified alternatives and live audience interactions(36:26) Market neutral/long-short equity stack examples(38:44) Visualization and behavioral benefits of return stacking(47:12) How to use Portfolio Visualizer for individual strategies(48:02) Final thoughts on market outperformance with stacking(50:00) Extended audience Q&A on ETF specifics and bond considerations(52:08) US vs global bonds in RSSP and stacking pros & cons(55:03) Line item risk and behavioral aspects in portfolio construction(57:27) Closing remarks and resources for further learning

In today's complex market environment, finding genuine diversification and consistent returns has become increasingly challenging. What if you could harness two of the least correlated strategies to traditional portfolios available to investors today?Join us for an exclusive podcast where Rodrigo Gordillo, Portfolio Manager and co-founder of Return Stacked ETFs, reveals how combining trend following and carry strategies as stacks may create a whole that is much greater than the sum of their parts.(0:00) Introduction and systematic macro strategies overview(1:44) Intuitive understanding of trend, carry, and futures markets(7:35) Combining trend and carry strategies: Benefits and theories(16:21) Trend following and futures yield measurement(20:24) Trend and carry strategies comparative analysis(25:02) Non-correlation of carry and trend with traditional assets(27:19) Strategy performance: Conditional correlations and calendar year returns(30:45) Carry strategy performance in various market conditions(34:16) Trend managers and volatility, carry in bear markets(42:47) Introduction to return stacking and implementation challenges(47:09) Behavioral and statistical benefits of return stacking(53:43) Traditional vs. return stacked portfolios comparison(56:38) Leveraging, diversification, and final thoughts on return stacking(1:00:30) Practical implementation and key takeaways(1:01:07) Audience Q&A session(1:08:20) Central bank policies and bond allocation in stack strategies(1:12:57) Wrap-up, final questions, and recent strategy performance(1:14:39) Closing remarks, apologies, and sign-off

In this episode of ETF Spotlight, host Neena Mishra discusses Return Stacking with Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management. The conversation delves into the concept of Return Stacking, also known as Portable Alpha, which uses leverage to enhance returns and diversify portfolios....The RSSB performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the RSSB standardized performance the most recent month-end performance, visit the Fund’s website at Global Stocks & Bonds - Return Stacked ETF (returnstackedetfs.com).Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please click here (https://www.returnstackedetfs.com/). Read the prospectus or summary prospectus carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. RSST Inception Date: 09/05/2023RSST Expense Ratio: 0.98%Definitions:Beta: for the purposes of this presentation "beta" is broadly defined as the returns achieved by the broad market index of a particular asset class.Alpha: refers to returns above that of a passive market benchmarkCorrelation measures the relationship between the price movements of two assets or securities, expressed as a value between -1 (means the two assets move in perfect opposition) and +1 (the two assets move in perfect unison).S&P 500 Index is an abbreviation for the Standard & Poor’s 500, a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S.**Bloomberg US Aggregate Bond Index is an index that covers the broad U.S. investment grade, US dollar-denominated, fixed-rate taxable bond market.Société Générale Trend Index is designed to track the largest trend following commodity trading advisors (“CTAs”) in the managed futures space net of underlying fees. The index does not represent the entire universe of all CTAs. Actual rates of return may be significantly different and more volatile than those of the indexMorningstar Systematic Trend Index refers to a type of alternative investment strategy that focuses on following and capitalizing on price trends in financial markets. Investments in this category employ a systematic, rules-based approach, often relying on quantitative models to identify and act on trends across multiple asset classes, including equities, bonds, commodities, and currencies. These strategies, sometimes known as "managed futures" or "trend-following" strategies, typically aim to generate returns by riding persistent market movements, whether upward or downward, and are designed to profit in a variety of market conditions, making them potentially valuable for diversification within a portfolio.Toroso Investments, LLC (“Toroso”) serves as investment adviser to the Funds and the Funds’ Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds. ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Fund and the Funds’ Subsidiary. Foreside Fund Services, LLC is the distributor for the Funds. Foreside is not related to Toroso, Newfound, or ReSolve.(0:00) Introduction by Nina Mishra and topic overview(0:55) Accessibility of return stacking for retail investors(2:30) Benefits and practical example of return stacking(6:29) Risks, historical financial crises, and volatility management(10:35) Deep dive into flagship fund RSST and its strategy(23:31) Overview and integration of other ETFs in traditional portfolios(30:16) Additional resources and key ETF tickers(31:29) Call to action, disclaimer, and legal information

In this episode, we delve into the world of portable alpha and risk management with Jon Glidden, a seasoned investor with over a decade of experience. Jon shares his journey from his early days in Newport News, Virginia, to his current role in managing billions of dollars. We explore the intricacies of portable alpha, the role of hedge funds, and the importance of governance buy-in.(0:00) Introduction of Jonathan Glidden and his background in portable alpha strategies(1:35) Podcast introduction, disclaimer, and hosts(2:43) Sponsor: returnstack.com(3:11) Jonathan's professional journey in portable alpha for Delta's pension plan(14:27) Evaluating alpha sources and hedge funds suitability(22:50) Challenges and reframing of hedge fund investments with a focus on high residual information ratio(26:01) Leverage limits and risk management in portable alpha(29:53) Alpha validation and lessons from 2008(39:02) Gaining stakeholder buy-in and impact of overfunding on strategy(46:30) Adjusting derivatives and hedging in portable alpha management(49:11) Day-to-day complexities and liquidity management in pension portfolios(54:11) The effect of market conditions on pension fund performance and scalable strategies(58:50) Advice and importance of liquidity management during market shocks(1:06:11) Key lessons and concluding thoughts

Portable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it?At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios.Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global.Key PointsPortable alpha strategies allow investors to pursue excess returns by separating beta from alpha and layering diversified alternative investments on top of core asset exposures.Return stacking can mitigate behavioral biases and improve portfolio diversification by adding rather than replacing traditional stock and bond allocations with alternative strategies.Effective implementation of portable alpha and return stacking involves using pre-stacked fund solutions or capital-efficient strategies, ensuring liquidity, and maintaining a prudent safety buffer to manage risks.(0:00) Introduction of the portable alpha concept and podcast overview(1:11) Host and guest introductions with regulatory disclaimer(2:00) Historical context and key topics of portable alpha strategies(5:20) Poll questions on portable alpha usage(6:57) Detailed explanation of portable alpha by Corey Hoffstein(10:49) Challenges in finding alpha across market segments(12:16) PIMCO's historical bond strategy and application to equities(19:32) Using S&P 500 futures for exposure and risk management(23:39) Summary of portable alpha's potential and comparison to traditional approaches(27:16) Introduction to funding problems and managed futures trend following(31:19) Performance of diversified portfolios and behavioral timing issues(35:06) Benefits of stacking alternatives on core portfolios and pre-stacked solutions(40:09) Practical implementation of return stacking and key takeaways(41:23) Q&A on implementing portable alpha and return stacking(45:11) Lessons from 2008 and modern portable alpha approaches(49:19) Addressing leverage and risk in fund structures(52:06) Modern portfolio theory fundamentals and managing risks in alpha strategies(55:23) Optimal stack size and active risk budgeting(58:07) Return stacking viability in various interest rate environments(1:00:18) Final thoughts and additional resources(1:00:47) Contact information and content follow-up(1:02:01) Call to action for ratings and reviews