Niels is the Managing Director of DUNN Capital (Europe) which has a track record going back over 45 years. He has been in the managed futures business for over 30 years having held management positions in and started multiple CTA firms. He is most widely known for the Top Traders Unplugged podcast.
Alan is the Founder and CEO of Archive Capital – a boutique alternative investment research firm. Prior to founding Archive Capital, he was Managing Director and a member of the investment committee at Abbey Capital. In total, he has worked in the financial markets for over 25 years at hedge funds and investment banks as a CIO, hedge fund allocator, macro strategist, and technical analyst.
This week’s podcast covers:
- What are managed futures and CTAs?
- What is trend-following?
- Why does trend work?
- Evolution of types of trend-following strategies
- Deciding on which markets to trade
- Importance of diversification across markets
- How to risk manage trend
- Correlation to other strategies
- Why did trend perform poorly before COVID
- How macro conditions and inflation impact trend profitability
Books mentioned: Reminiscences of a Stock Operator (Lefevre), The Education of a Speculator (Niederhoffer), Thinking, Fast and Slow (Kahneman), Misbehaving: The Making of Behavioural Economics (Thaler), The Man Who Knew: The Life & Times of Alan Greenspan (Mallaby), Secrets of the Temple: How the Federal Reserve Runs the Country (Greider), Endurance: Shackleton’s Incredible Voyage to the Antarctic (Lansing), Liar’s Poker (Lewis), Market Wizards (Schwager), Richer, Wiser, Happier (Green), Can’t Hurt Me (Goggins)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)