In This Episode, You'll Learn:
- What managed future strategies John sees the more successful managers gravitating towards
- Why diversification isn't always the best idea, and what alternative strategies Jonathan recommends
- The advantages and disadvantages of having illiquid versus liquid investments
What is proven in behavioral finance is that people tend to underestimate the value of liquidity.
—Ranjan Bhaduri- The heuristic crutch of private equity
- Why Christopher is wary to always choose emerging managers over more established ones
- The importance of a strong operational due diligence in managing portfolios
Quant processing is so cheap. We can all buy computers for almost nothing, and I think that might make it much more challenging as we go forward, given that there's so much easy and inexpensive quant processing to search for anomalies or alpha opportunities.
—Christopher Vogt- How trend following will need to evolve amid machine learning and changing markets
- How Jonathan's risk premia strategies transformed how his firm looked at managed futures
This episode was sponsored by:
Links Mentioned:
- The Impact of Crowding in Alternative Risk Premia Investing
- Hedge Funds Are Not an Asset Class: Implications for Institutional Portfolios
Connect with our guests:
Learn more about John Fidler and Commonwealth Bank and Trust
Learn more about Jonathan Miles and Ascent Private Capital Management of U.S. Bank
Learn more about Christopher Vogt and Margaret Cargill Philanthropies
Diversification for the sake of diversification isn't actually worth it for us.
—Jonathon Miles