Top Traders Unplugged

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Latest Episodes:

TTU29: How the largest investor in Hedge Funds got Started ft. Aref Karim of Quality Capital Management – 1of2 Sep 08, 2014

Show notes

How do you transition from working alongside the capital management industry to starting your own hedge fund? Our next guest grew up in Bangladesh but fled to London during the Bangladesh Liberation War in 1971. He worked as an accountant and then went on to join the Abu Dhabi Investment Authority (ADIA) where he pioneered the organization’s futures investment department. Learn about his personal setbacks and successes, his innovative investment strategies, and how he founded Quality Capital Management in the UK.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

About Aref’s childhood in Bangladesh.
How his father wanted all 10 of his children to attend university and instilled in them the belief system that made them successful.
Why Aref decided to study English and Literature even though his background was in the sciences.
The story of Aref’s escape to the United Kingdom because of war and social upheaval in Bangladesh.
How he went from being an accountant in England to working for the largest sovereign wealth fund in the world, ADIA.
Aref’s perspective on the history of the hedge fund industry and the alternative investment industry.
About the beginnings of ADIA’s futures department that Aref helped to start.
The early days of the futures industry and Aref’s perspective on trend-following.
How he overcame personal setbacks when his wife unexpectedly passed away, leaving him with three young children.
About Aref’s return to the UK and his decision to start his own CTA and start trading in futures.
About the genesis of Quality Capital Management.
How Aref’s investment strategy evolved and the specifics of his current trading strategy.
How he measures the “Flow” of the market.
Why his strategy looks at changes in volatility and doesn’t care whether it is a bond or an equity.
How QCM went from using a few indicators to no indicators at all.

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Resources & Links Mentioned in this Episode:

Learn about Aref Karim on his Wikipedia page.
Learn about the Bangladesh Liberation War that displaced Aref from his country of birth to the UK.
Learn more about the Abu Dhabi Investment Authority (ADIA).

Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow QCM on Linkedin.

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU28: How to Bridge the Gap Between Philosophy & Rules ft. Scott Foster of Dominion Capital Management – 2of2 Sep 04, 2014

Show notes

Welcome back to the second part of our interview with Scott Foster, President and Founder of Dominion Capital Management.

In this episode, we learn the philosophical rules that drive his firm, and how he bridges the gap between the philosophy behind his decisions and the models he creates. We discuss the increased governmental involvement in the markets and the adjustments that Scott has had to make to adapt to new signals. Finally, we learn the personal habits that help Scott succeed. Thank you for listening to Part 2 of our conversation with Scott Foster.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

Why Scott does not worry about model decay due to the principals with which he runs his firm.
How to bridge the gap between philosophy and rules.
How he created the Sapphire program, his firm’s signature service, and what it took to create it.
How increased government involvement in the markets has changed his system and made him adapt to new signals in the markets.
Why and how political feedback and involvement are affecting the markets and short term trading.
How his firm is able to so expertly predict to potential customers their drawdowns and how they contain them.
That investors spend too much time dissecting the drawdowns and not enough time looking at why and how they made money.
The principals of behavior finance and the underlying philosophical principals such as self attribution bias and loss aversion.
How alone time and contemplation have led to 80% of Scott’s best trading ideas.
The hardest part of being the President of a fund and why it is not the trading.

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Resources & Links Mentioned in this Episode:

Learn more about illusory superiority, the bias that the Lake Wobegon effect is name after, or Lake Wobegon itself, a fictional town in Minnesota.
Learn more about Mean Reversion, which Scott’s firm looks at closely in the models they use.

Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow Scott Foster on Linkedin.

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU27: Magician-turned Trader: “Reality Doesn’t Matter” ft. Scott Foster of Dominion Capital Management – 1of2 Sep 01, 2014

Show notes

Our next guest was a philosophy major and a magician before he ever considered trading in the stock market. In Part 1 of our talk, he describes how philosophy and psychology determine his firm’s decisions and the story of how he started trading in a small town in Pennsylvania.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

On the 20th Anniversary of Scott’s firm, he looks back on how it all started.
Scott’s life as a magician and how the principals of magic influences his perspective on trading and the market.
How he became a philosophy major and how he applies philosophy to trading and everything his firm does.
How he started trading in the market, getting a group of his college friends to take out cash advances on their credit cards and investing it.
The Austrian perspective on economics that his college was well known for.
How he educated himself in futures trading and invested long before he ever met another trader.
Scott’s initial lessons learned from trading in the stock market; how he lost almost all of his capital in one day and had the first sleepless night of his life.
How he made the mistake of investing in coffee and cocoa in the late 1980s and what he learned from that experience.
How he started his first firm in 1989.
How Scott traded while living in rural Western Pennsylvania.
How a philosophy major with no connections to the financial world used his network to find a mentor.
The story of Scott becoming a principal at one of the biggest short-term CTAs in the world.
The story of Dominion Capital Management, which he started in 1994 by moving to Chicago.
Why he is based in Traverse City, Michigan.
How his firm is a bit different and why they don’t have any mathematicians or scientists on their team.

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Resources & Links Mentioned in this Episode:

Learn about the Square of Opposition that Scott explains in the episode.
In Scott’s first job at a firm, the company hired people belonging to Mensa.
Learn about how trading was conducted and firms operated before the use of personal computers and the Internet. Scott’s firm had a VAX computer.

Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow Scott Foster on Linkedin.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU26: The Most Repeatable Trading Method Ever Invented ft. Scot Billington – 2of2 Aug 28, 2014

Show notes

Welcome back to the second part of our interview with Scot Billington of Covenant Capital Management.

In this episode, Scot delves into the practice of trend following and why it is a great model to follow. He also discusses tips for beginning traders and investors, and advice for those who wants to start a firm. Thank you for listening to Part 2 of our conversation with Scot Billington.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

The story of Scot’s childhood obsession with mathematically based, but unknown future outcomes.
The discipline required to follow a mathematical model.
The advantages of trend-following and why the media reports that “Trend Following is Dead” every few years.
Scot’s philosophy on position sizing.
How every sector in the market is highly correlated.
Getting comfortable with taking risks: they exist and it is impossible to avoid them.
The Barbell strategy: have very little money at risk, but the money that is at risk is in the most aggressive things that it can be.
The biggest mistake that allocators make.
How Scot conducts research for Covenant Capital.
Why he is based in Nashville and how he overcomes the challenge of asking investors to buy into the long time-frame.
Finding your niche as a boutique firm.
Advice for managers wanting to start firms today.

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Resources & Links Mentioned in this Episode:

Scot mentions how the media often announces the death of trend following. Here’s an article on the subject from Futures Magazine.
Learn about the Barbell Trading Strategy.
See 10 Fallacies when Selecting CTAs.

Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU25: Why a Mechanical, Long-Term Trend Approach is Best ft. Scot Billington – 1of2 Aug 25, 2014

Show notes

Our next guest takes a mechanical, long-term trend approach to trading to a new level, and you’ll find out why he thinks it is the better option in this episode. He started Covenant Capital with his business partner in 1999 and has grown it into a profitable boutique firm. But in early 2002 after they ended the previous year down 20%, they really had to grind it out and stick to their guns which ultimately paid off in a big way.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

How Scot started his firm, doing the testing by hand.
The difference between a discretionary model and a mechanical model and why Scot chose a mechanical one.
How he met his business partner Brince Wilford and started with 3 accounts in 1999.
How narrative bias can affect a trader’s decisions.
How the firm got through a year that ended with them down 20%.
What made Scot believe in his model and stick to his guns.
The offerings that the firm currently has, including the differences in the trading models.
The pitfalls of investing in shorter term models and not allowing managers to see a full cycles with markets.
Why most allocators and investors are chasing 24-month returns on stocks and why that may not be the right approach.
About different types of CTA firms, including boutiques, battleships, emerging, and experimental.
What to look for in a CTA.
How to get investors to share the long-term horizon with his firm when certain markets do very well in the short term.

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Resources & Links Mentioned in this Episode:

An article on Covenant and Scot Billington in Futures Magazine.
Check out Discretionary vs System Trading.

Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU24: What it Takes to be a Great Hedge Fund Manager ft. Anders Lindell of IPM – 2of2 Aug 21, 2014

Show notes

Welcome back to the second part of our interview.

In this episode we dive into the negative effect of greed on the market. Anders Lindell again shows his depth of knowledge as he elaborates on the nature of irrationality though the ages and how our markets today, really are rather stretched. This is a powerful episode, I really do hope you will enjoy it.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

How the IPM model profited by choosing to position against the carry frenzy in Japanese Yen during late 2008
Risk factor analysis when selecting model attributes
What the more reliable indicator in the global economy is
How their trading model works on overall, daily basis
“Stop-Loss” Positioning in the IPM strategy
Where IPM identifies value traps and optimizes their exposure to it
The average length of trades at IPM
What drives the relationships that Anders explores to build models around
If Correlations structure matters when IPM decides on risk overlay to make market decisions
Why timing can be the largest challenge for their strategy
How Anders defines risk and how IPM controls the model and expected risk
The biggest fear Anders have in regards to unexpected market effects
What is expected in regards to drawdowns in the IPM Global Macro Strategy
How to convey the needed confidence to investors during drawdowns
Risk Management/Risk Control model rebuilding
How Anders Lindell identifies research processes which will over engineer and cause return issues
Succession planning as Anders sees it for IPM – Perception and Vision
The challenges for IPM and how overcoming them has helped to make them stronger
What Anders would suggest for investors to focus on
What it takes to be a great hedge fund manager in today’s economy

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Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow Anders Lindell on Linkedin.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU23: Former CEO Reveals How to Thrive in a Challenging Market ft. Anders Lindell of IPM – 1of2 Aug 18, 2014

Show notes

Our next guest turned a challenging market into an opportunity to transform his strategy and build something substantial.

Welcome back to another episode of Top Traders Unplugged. Today we have the former CEO, now Chairman of Informed Portfolio Management on to discuss the road to formation of his firm, their Systematic Global Macro strategy, their unique approach to investor interaction and much much more.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

The relevance of controlling production at paper and pulp mills while Anders was a developing man
His history during his early days at JP bank as an analyst
The impact of the shifts in the fixed income markets of the early 1990’s which inspired a new strategy
The strategic focus that was the starting point for the formation of IPM
Who Anders learned from early on and who helped him cultivate a career in the hedge fund industry
How to find and retain talent and the entrepreneurial spirit drives in house management decisions
How IPM as an organizations manages the in house operations
How Anders hopes to see their potential realized in terms of double or tripling their AUM for future markets
What Anders looks for when spotting talent for new team members
Ideas for incentivizing team members to appreciate their careers
The long term view of IPM’s track record and how to evaluate it
More on the objective of the strategy of IPM and the environment in which it’s been designed to work well
Why the opportunities and volatility in emerging market equity trades is decompressing globally
The meaning of global macro and how they structured all the information into a systematic trading approach
How the IPM model differentiates it’s self from discretionary trading models and how they run them
The role of fundamental information in identifying market strategies

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Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow Anders Lindell on Linkedin.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU22: The Most Important Question Investors Should be Asking ft. Nigol Koulajian of Quest Partners – 2of2 Aug 14, 2014

Show notes

Did you know that a meditation practice can help you be a better investor?

In this episode we discuss our common lessons that we ask all Top Traders, but we dive deep into why Nigol thinks differently about CTA issues. Growing up in war-torn Lebanon shifts the filters he uses to see the markets. We all have filters but in this episode you will learn what perspective he takes on the markets that may, or may not, support his market philosophy.

Welcome back to the second half of our interview with Nigol Koulajian.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

How growing up in war torn Lebanon influences the way Nigol filters market decisions
The challenging nature of a market injected with federal liquidity
Nigol’s strategies for selecting position sizing
Drawdown expectations of Quest Partners
How Quest works to maintain a balance in the working environment and how busy the team stays
How Nigol manages emotional turmoil of drawdowns and how he projects this calmness upon his investors
The few things that Nigol predicts would shake their strategy
How to listen to clients and use their advice in a way that serves them, even if you don’t implement exactly what they’re saying
Why mathematician optimization can adversely effect the strength of your CTA strategy
How Nigol expects to know if a model is working or not
The importance of using math as little as possible despite the systematic approach to trading
A fascinating perspective on why the CTA industry AUM has shifted to Europe
The most important question investors should be asking: “How to price tail risk.”
What it takes to build a firm and become the next Quest
Learn all about Nigol’s daily meditation practice which he credits as his top personal attribute to becoming a great trader
The most challenging thing about being a CTA for Nigol (A: Fishing in a very small pond)
Nigol’s biggest failure which occurred in 2009

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Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow Nigol Koulajian on Linkedin.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

TTU21: Building a Computer That Makes Money? ft. Nigol Koulajian of Quest Partners – 1of2 Aug 11, 2014

Show notes

Want to build a computer that makes money?

Quest Partners LLC has a long, robust track record with their systematic trading approach.

They utilize a different strategies from many of their peers and have diversified their product range to include equity programs both hedge and long only.

At the core of it all is their philosophy on focusing on what investors need. They provide solutions for investors rather than a purist strategy.

Leading the way is our next guest on Top Traders Unplugged, Nigol Koulajian.

In This Episode, You’ll Learn:

How growing up Armenian provides a filter for the way Nigol perceives the markets
His experience at Anderson Consulting and how he ended up working with Solomon Brothers by chance
Why Nigol spend time at Colombia Business School programming and building models
What Nigol thinks of Value at Risk
How Nigol found himself as a risk arbitrage manager despite his passion for CTA strategies
How Nigol navigated beneficial detours before finally partnering to co-found Enterprise Asset Management in 1994
About the founding and growth of Quest Partners from inceptions in 2001 to +760$ million in 2014
The dangers of an increased correlation between alternative strategies designed to protect against trouble in traditional investment and the traditional asset classes themselves
Learn about self reinforcing feedback loop and how managers of growing AUM are forced to allocate to factors that are doing well (but perhaps doing well by chance)
About the tight, automated business infrastructure of Quest Financial Partners
About the shift in volatility expansion and how to measure it

Resources & Links Mentioned in this Episode:

Investors Business Daily – The finance newspaper which inspired Nigol in the early days
3 Research Pieces from Quest that specifically examine factor drifts that could effect the returns of CTAs
Learn about Sharpe Ratio
A specific trading model that trades the S&P and 30Y Bonds if it’s down 3 days in a row, with a stop-loss and profit target (Full testing and code in the link).
BTOP50 – the index that seeks to replicate the overall composition of the managed futures industry with regard to trading style and overall market exposure
Learn about David Harding, one of the largest alternative investment managers in the world
Read this interesting article about transcendental meditation and Nigol
Nigol’s Foundation to promote studies on eastern religious philosophies and Yoga

Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

Follow Nigol Koulajian on Linkedin.

IT’s TRUE 👀 – most CIO’s read 50+ books each year – get your FREE 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

And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast.

TTU20: How to Identify Trades No One Else is Looking For ft. Roman Lutz of Future Value Capital – 2of2 Aug 07, 2014

Show notes

How would it feel to identify trades no one else you know is looking for?

Our guest is back and this interview is all about carry trades, mean reverting environments, merger arbitrage, volatility arbitrage, tail hedges and how to become the best trader possible. It’s quite likely there is something in this interview which will help propel you forward as a hedge fund manager or in your research of managers.

Welcome back to the second part of our interview with Chief Excutive Officer of Future Value Capital, Roman Lutz.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

Simple Models used by Future Value Capital to implement trend following
How they utilize carry trades
The third area of models: Tail Hedges
Learn about how to carry potentially large value variance swaps while keeping the premium for holding them down
Where the variance exchange swaps derive from whether from OTC with counterparts or constructed using exchange listed products
Learn about Credit Support Annex (CSA)
Risk management procedures at Future Value Capital
The purpose for tactical asset allocation meetings and the decisions that are made
The common performance drivers and if there is a dominant part of the portfolio that is responsible for the performance
How Roman translates the complex trading strategy of Future Value Capital to investors
How Future Value Capital implements trades and why they consider it a key strength of their program
How much AUM would be optimal running the program or if the potential is unlimited
How to create certainty around the risk Future Value Capital holds and how they define that risk
What Roman Lutz considers to be one of the riskiest thing that could happen in the financial system
What to expect in terms of returns and drawdown when investing in Future Value Capital
How to realize when a model is no longer working
Personal habits that contribute to Roman’s success in managing a hedge fund

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Follow Niels on Twitter, LinkedIn, YouTubeor via the TTU website.

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

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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.

Follow Roman Lutz on Linkedin.

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

2. Daily Trend Barometer and Market Score

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

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