TTU Trend Barometer
— Full details
Trend Following: Is it for you?
— Get the eBook

Systematic Investor

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Alan on Twitter.

Follow Nick on LinkedIn.

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:

01:23 – What has caught our attention recently?
03:00 – Industry performance update
05:32 – Reversions incoming?
07:06 – Q1: Regarding how to choose instruments in your trend following algorithm
14:20 – Getting the speed right
17:37 – Q2: At what point does volatility put an investor in a danger zone?
24:32 – Discussing the paper “Negative Crisis Beta” from Quantica
38:16 – Capping the beta
45:17 – The hidden market timing of CTAs
50:23 – The benefits of adding carry to your portfolio

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Rob on Twitter.

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:

00:26 – A quick talk on football (soccer)
02:09 – What has been on our radar recently?
05:26 – An update on Rob's portfolio?
09:37 – Industry performance update
12:07 – Q1, Steve: What are Rob's advice for systematic buying of put options as a tail risk strategy?
26:51 – Q2, Luis: Regarding how to use carry in your strategies when you roll from a contract to the next one
33:39 – A discussion on elections
38:36 – The U.S election – a perfect storm?
44:41 – Should you be cautious about the AI hype?
57:04 – Finding the right level of fees that investors should pay

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Richard on Twitter.

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:

01:04 – What has been on our radar recently?
04:03 – Industry performance update
07:50 – Q1, Dennis: Given the nature of lengthy hold periods, do you recommend trading cash CFD's accounting for the overnight costs?
11:40 – Q2, Ramki: Using ATR for position sizing when backtesting a trend following system
14:47 – Optimal rules to use in different kinds of market regimes
18:46 – How to use Markov models and mathematical algorithms to optimize trend following strategies
41:17 – Is trend following threatened by AI?
51:39 – “ChatGPT, what is the optimal way of doing trend following?”

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Andrew on Twitter and LinkedIn.

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:

00:44 – What has caught our attention recently?
03:04 – Is what we thought was “normal” Real Yields actually not normal?
09:30 – Are the trend followers the only true short sellers left?
19:09 – How do CTAs react to the lower prices?
21:35 – Industry performance update
23:00 – Q1, Joe: How do you deal with the lag effect in replication models?
32:36 – Let's share the trend following pie
40:38 – The disadvantages of the institutional world
43:56 – Why is the managed futures space not growing?
49:49 – A crazy story from Andrew
56:26 – Are low-cost offers killing the industry?
01:02:39 – The ETF costs dont add up?

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Katy on LinkedIn.

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:

01:07 – What has been on our radar recently?
02:56 – Industry performance update
07:41 – Our thoughts on CTA offerings in the ETF space
13:40 – Is giving people more liquidity a good thing?
17:32 – Why include ETFs in your portfolio?
21:43 – Use cases for ETFs
25:00 – How does the due diligence process work in the ETF space?
28:58 – Are we becoming a Relative Return industry?
32:01 – Is the increasing trader anonymity a problem?
34:33 – The different paths into the ETF space
40:57 – How ETFs compare to classic managed futures products
43:30 – Should you consider fees when building ETF models?
47:32 – How to choose the right replicator
51:06 – How AI might affect the trend following industry
56:55 – A red card to AI?

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Alan on Twitter.

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:

01:01 – What has been on our radar recently?
06:58 – Is OpenAI falling apart?
09:19 – U.K. and European Parliament elections – should investors care?
11:52 – What is neoliberalism?
12:54 – Unpacking the current global macro landscape
19:07 – Are central banks defeating their own purpose?
22:42 – Industry performance update
25:39 – What is going on with quant macro?
32:00 – Trend follower or quant macro fund – what is hardest to analyze?
34:39 – How are family offices looking to allocate assets currently?
37:43 – Any allocation to whiskey?
39:31 – Trend following: Return Enhancement Overlay or Crisis Alpha?
47:13 – Advice for using trend following as an enhancement overlay
49:46 – How multi-strategy funds achieve smooth return streams
01:00:09 – Multi-strat managers – contact us!

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Mark on Twitter.

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:

00:39 – What has been on our radar recently?
06:59 – Which Alternative Strategies do Investors Want…latest survey?
12:17 – Discussing the data
18:30 – Industry performance update
21:26 – Is the rise of the Chinese stock market legit?
25:08 – From multilateralism to bilateralism
29:42 – The difference between the ideal vs. reality manager
36:31 – The fallacy of consensus
40:23 – Using economic data as a trend follower
43:14 – Is price truth?
47:38 – VUCA – what, why and how?
54:50 – Applying VUCA to trend following
57:46 – Is trend following becoming too complicated?

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Nick on LinkedIn.

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:

00:52 – What has been on our radar recently?
12:36 – Industry performance update – how is May so far?
15:45 – New Ultimate Guide out now…How to get your Free copy!
16:38 – Q1, Peter: Should signal direction always trump signal strength in portfolio construction?
27:39 – Q1.1 Peter: Is it reasonable to aim for broadly equal risk allocations across different asset classes?
35:19 – Q1.2 Peter: If you were an institutional investor with an ultra-long time horizon, a stomach for short-term volatility and a mandate to deliver the highest possible CAGR over the long-term, how much of your portfolio would you allocate to systematic trend-following?
39:22 – Q1.3 Peter: Do you agree with Anthony Todd's description of trend alpha coming in bursts?
46:54 – Discussing Nick's paper in the Financial Times
57:48 – What kind of party guest would a trend follower be?
59:09 – Thanks for listening

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Hari on LinkedIn.

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:

01:07 – What is catching our attention recently?
06:53 – A recap of April
10:14 – Hari's thoughts on trend following
14:30 – The interesting commodities
18:10 – A commodity super cycle inbound?
20:36 – BUT…Commodity Bulls used the same arguments in 2022
22:51 – How commodity storage functions
29:57 – Balancing divergence and convergence
32:26 – How virtual commodity storage works
35:55 – The role of trend following in a regime-based participation
42:47 – How consistent is the virtual warehousing approach?
47:06 – Manual or systematized?
48:59 – Overcoming the challenges of commodities
53:44 – What markets can the method be applied to?
54:16 – Thanks for listening

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Cem on Twitter and LinkedIn.

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:

00:47 – What has been on our radar recently?
02:22 – What is the talk of the town in the vol space at the moment?
03:11 – Industry performance update
05:27 – Q1: What is Cem's view on the impact of call speculation on the VIX?
12:17 – Cem's perspective on the current state of global macro
18:09 – Important market development recently?
31:40 – Making profit from different scenarios
35:48 – The structure of markets
42:23 – Are rate cuts coming?
48:10 – How the U.S election will change the economic narrative
53:32 – The pros and cons of a win for Trump
56:49 – Thanks for listening

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Rob on Twitter.

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:

01:05 – What has been on our radar recently?
06:15 – Industry performance update
09:54 – Q1, Paul: Where can I learn MatLab?
13:38 – Q2, Byleth: What is Rob's experience with trend in crypto?
20:41 – Q3, Tauras: What are Rob's thoughts on seasonality and relative value as strategies?
26:23 – Are strategies like seasonality convergent?
27:14 – Rob's thoughts on relative value as a strategy
32:00 – Shock! Horror! I've increased my CTA allocation
41:07 – Rob's thought process on portfolio allocation
46:19 – Vol scaling with a nice cup of hot cocoa
57:43 – Path-dependence vs. non-path dependence
59:53 – Final thoughts and a cliff hanger

by

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.

Send your questions to info@toptradersunplugged.com

Follow Niels on Twitter, LinkedIn and YouTube.

Follow Richard on Twitter.

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:

02:08 – What has been on our radar recently?
08:33 – Industry performance update
16:02 – What is the optimal allocation to trend following?
24:02 – Do trend followers have fiduciary responsibility?
27:09 – Why is Andrew Beer having trouble with his trend following allocation?
31:30 – Are we moving too far away from the classic trend following?
37:21 – What does it take to call yourself a trend follower?
42:01 – Discussing Corey Hoffstein's approach
46:44 – What about the fees?
50:34 – Are we losing the incentive to improve?
58:45 – The impact of crises
01:07:11 – Sign up for our new newsletter
01:08:26 – What is up for next week?