TTU Trend Barometer
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IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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:

02:48 – Introduction to Clint Stone
07:07 – Their approach to investment
12:12 – A challenging decade for equities?
15:06 – Stone's perspective on equity valuations
18:32 – Building a model and strategy
23:04 – Modelling the risk of a private equity portfolio
30:52 – Getting the correlation right
34:14 – Correlation in economic downturns
39:04 – Building a multi-asset strategy
41:11 – Getting the speed right
44:39 – Stone's approach to trend following
46:34 – Evaluating managers vs. security analysis
49:05 – The search for capacity constraints 
52:02 – The challenge of picking managers
53:41 – Working with real businesses
57:52 – What is a good investment process?
01:03:01 – Generalists vs. specialists
01:06:50 – Advice for new allocators

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IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:17 – Introduction to Dylan Grice
08:37 – How does Calderwood Capital work?
20:47 – Macro, micro or mixing both?
25:54 – Signs of stress in the markets?
32:37 – Grice’s perspective on inflation and interest rates
36:19 – How do they construct their portfolios?
43:32 – The art of managing risk
48:45 – Building an all weather return profile
54:28 – Assessing the managers
01:01:26 – When things go wrong
01:03:16 – Advice for people working in similar fields
01:05:52 – Key takeaways from Niels 

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Follow Shannon on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:15 – Introduction to Shannon and her work
10:37 – A change in behaviour?
19:12 – Moving beyond the three buckets
26:20 – A rough year
33:01 – Staying diversified
40:03 – Are managed futures becoming viable for Private Banks…again?
44:05 – Manager selection vs. asset allocation
50:26 – Dealing with behavioural bias
57:06 – Discussing the IRA industry
01:03:33 – Advice to aspiring CIOs
01:06:56 – Key takeaways from Niels

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IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:10 – Introduction to Cameron and her work at NewEdge Wealth
08:01 – Navigating in a tough environment
14:31 – Their approach to asset allocation
21:31 – The historical perspective
29:56 – Getting comfort in an uncertain macro environment
41:20 – Is high inflation here to stay?
48:33 – What it will take for the Fed to call victory?
53:18 – Bottom-Up or Top-Down?
01:00:39 – Dealing with individual investors
01:06:36 – Advice for aspiring CIOs
01:12:53 – Key takeaways from Niels

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IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:35 – Introduction to Jason Morrow
08:02 – Investment objective and constraints of URS’s portfolio
13:21 – How does inflation affect URS's portfolio?
20:27 – Building and balancing the portfolio
24:29 – Public vs. private equities
31:22 – Using multiple asset allocating strategies
38:06 – Their approach to selecting managers
41:15 – Evaluating quant strategies
45:51 – Behavioural biases in manager selection
50:27 – Return expectations setting for alts
55:42 – Mastering the role as a CIO
01:01:13 – Book recommendations and key advice for listeners
01:05:53 – Key takeaways from Niels

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IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:03 – Introduction to Bilal Hafeez
07:51 – How does the community respond to the current environment?
10:43 – FED Funds & the economic outlook of the next 6-12 months
23:17 – An inflation story
29:39 – Demographics – Is it inflationary or dis-inflationary?
35:20 – What is next for asset allocation
44:03 – Should we worry about the sanctions against Russia?
51:58 – Lessons learned from previous crises
55:16 – Bilal’s research process and approach
01:02:36 – Book recommendations
01:06:01 – Key takeaways from Niels

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In this episode, we discuss:

  • How to build strong multi-asset portfolios for your clients
  • How using CTAs and Trend Followers can help mitigate risk
  • How manager selection is like a dating process
  • How to make good decisions as a team
  • How to be well prepared for the next crises

Follow Niels on Twitter, LinkedIn and YouTube.

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Follow Hugo on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:18 – Introduction to Hugo’s work and investing strategy
18:32 – From correlation focused to trading oriented strategies
24:50 – Being allocated to trend followers
28:35 – Challenges of staying invested
30:23 – Being a chef and a critic
39:41 – Making decisions and having a plan
53:09 – People who have inspired Hugo
59:31 – Thanks for listening

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In this episode, we discuss:

  • How asset allocation is handled by a successful public pension fund like Fairfax County Retirement System
  • How they manage risk and create balance in their portfolios
  • How instability in the markets has shaped their strategy
  • How they look at return expectations
  • The (brave) move into digital assets
  • Manager selection
  • Skills and challenges of being a CIO

Follow Niels on Twitter, LinkedIn and YouTube.

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Follow Katherine on LinkedIn.

Follow Andrew on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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:

0:00 – Intro
03:05 – Overview of Fairfax County’s asset allocation strategy
14:27 – How has the current market affected their strategy?
19:35 – The growth of risk mitigation strategies
28:42 – Expectations of returns
37:02 – What scenario keeps Molnar and Spellar awake at night?
39:38 – Digital assets
51:05 – Manager selection
58:00 – Skills and challenges of being a CIO
01:04:30 – Advice on becoming a better trader
01:08:08 – Thanks for listening

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In this episode, we discuss:

  • The philosophy of David Swensen and the Yale Model
  • How the role of hedge funds has changed over the years
  • The bet Seides made with Warren Buffett
  • Asset allocation vs. manager selection and the challenges to overcome
  • What Seides has learned from doing his podcast
  • The importance of leadership and time management
  • The difficulty of making a good decision in the heat of the moment
  • The future of crypto currencies and digital assets

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Follow Ted on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:23 – Ted’s background
07:35 – How Seides deviates from Swensen in his approach
10:36 – The Yale Model and the end of 60/40
15:55 – Is it more difficult to be a hedgefond allocator now?
23:03 – Asset allocation vs. manager selection
31:35 – What has Seides learned from doing his podcast?
39:58 – Learning by doing vs. learning from courses etc.
41:22 – What has Seides learned from interviewing CIOs and Allocators?
43:35 – What constitutes good and bad governance?
49:14 – Ted’s perspective on crypto currencies and digital assets
51:55 – Macro trends in the coming years
53:39 – Reflection on the success of Ted’s podcast
57:47 – How Ted’s role has evolved
01:01:21 – Thanks for listening

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In this episode, we discuss:

  • How assets are managed in the private space vs. institutional space
  • Biases in asset allocation and how to overcome them.
  • Using Alpha, Beta and other investment strategies
  • Due diligence and things to avoid in the process
  • The risks of manager selection and what it takes to be a good manager.

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Follow Chris Schelling on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:23 – About Chris’s background and role at Venturi
12:45 – Disrupting the 60/40 model and formulating a new standard
17:54 – How the industry has evolved over the years
21:56 – Is private equity less risky?
23:43 – Is liquidity being more or less valued than it should be?
27:39 – Alpha, Beta and mapping strategies into categories
32:37 – Dispersion and persistence of returns
36:30 – Setting objectives and making decisions
40:14 – Overcoming biases
44:20 – Dealing with randomness
47:33 – Important skills as a manager
54:29 – Timeframe for analysing a manager’s performance
57:46 – Things to avoid in the due diligence process
01:00:14 – Risks within manager selection
01:03:00 – How much experience do you need?
01:05:09 – Advice for working with asset allocation and manager selection
01:06:12 – Book recommendations

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In this episode, we discuss:

  • What the 60/40 portfolio will look like in the next decade
  • The surprise of markets ability to trend
  • The value of Risk Mitigation, but how it’s not enough
  • Insights to the inflationary period in the UK under Nigel Lawson
  • Why this time feels different
  • Lessons from the 1987 Crash

Follow Niels on Twitter, LinkedIn and YouTube.

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Follow Alan Higgins on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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:

03:05 – Alan’s background and current role
04:44 – Risk premium and fixed income
24:33 – Setbacks and drawdowns
26:45 – Inflation
35:06 – Interest rates, bonds and dividends
43:22 – Asset allocation and portfolio construction
46:18 – Alan’s role at Eighteen48 Partners
48:33 – David Swensen and the Yale Approach
50:15 – Risks of private equity strategies
52:16 – Good vs. bad investment processes
55:00 – Managing investment teams
56:52 – Book recommendations
01:01:06 – Summary by Niels

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In this episode, we discuss:

  • The outlook for inflation
  • Achieving high performance consistently
  • How to re-allocate a portfolio accordingly
  • Mean variance optimisation
  • Whether this time is different
  • Selecting the right manager
  • Simplifying complexity for better understanding

Follow Niels on Twitter, LinkedIn and YouTube.

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Follow Elizabeth on LinkedIn.

IT's TRUE 👀 – most CIO's read 50+ books each year – get your copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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
03:30 – Elizabeth’s background and history in the investment world
04:55 – Elizabeth’s perspective on today’s markets
06:52 – Managing a public fund versus a private fund
08:14 – Performing above expectations
09:38 – The current outlook for inflation
11:31 – How to re-position a portfolio for higher expected inflation
13:57 – Fixed income versus real assets
14:51 – Categorising asset classes effectively
19:56 – The limits of mean variance optimisation
21:59 – Using historical perspectives as an input into current decision-making
24:09 – Whether this time is different
25:25 – Difficulties in the manager selection process
28:35 – Choosing between macro and systematic investors
30:08 – The pitfalls of investing with macro traders
32:40 – Investing in a manager who includes crypto in their portfolio
34:34 – Allocating between systematic and discretionary managers
36:45 – How to screen for a good money manager
40:44 – How to respond when a manager is underperforming
43:48 – Process over outcome
47:04 – Working with consultants
52:27 – Lessons from a leadership coach
57:00 – Simplifying complex ideas for better communication 
01:00:28 – Advice for aspiring allocators

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