At the Money: Seeking Uncorrelated Returns

Masters in Business

Bloomberg

Business, Investing, Entrepreneurship

4.4 • 2.2K Ratings

🗓️ 8 April 2026

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Managed Futures generate returns that are not correlated with stocks or bonds. Investors who are looking for greater diversification can do so through ETFs that own futures on commodities, currencies, and interest rates.

Andrew Beer is a hedge fund veteran and founder of Dynamic Beta Investments, a firm focused on hedge-fund replication strategies delivered through low-cost, liquid vehicles like ETFs and mutual funds. His ETF, DBi Managed Futures Strategy (DBMF) attempts to replicate pricier managed futures portfolios

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Today's show is brought to you by Vanguard.
0:02.6	To all the financial advisors listening, let's talk bonds for a minute.
0:07.2	Capturing value in fixed income is not easy.
0:10.2	Bond markets are massive and murky.
0:12.5	Lots of firms throw a couple of flashy funds your way and call it a day.
0:16.8	Vanguard takes a different approach.
0:18.6	The Vanguard lineup includes over 80 bond funds actively managed by a 200-person global
0:24.9	squad of sector specialists, analysts, and traders.
0:28.6	Lots of firms love to highlight their star portfolio managers, like it's all about that
0:32.5	one brilliant mind that makes the magic happen.
0:35.7	Vanguard's philosophy is different. They believe the best
0:39.0	active strategy shouldn't be one person. It should be shared across the team. So if you're
0:44.4	looking to offer your client's funds that are built to deliver consistent results, go see the
0:49.2	record for yourself at vanguard.com slash audio. That's vanguard.com slash audio.
0:56.2	All investing is subject to risk,
0:57.7	Vanguard Marketing Corporation distributor.
1:02.2	Bloomberg Audio Studios,
1:04.7	Podcasts, Radio News.
1:09.3	Return to send up. Return of Send up.
1:13.0	Return to send up.
1:16.5	I gave a letter to the postman.
1:20.1	He put it in his sack.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.