BO05: The Problems with Smart Beta & the Holy Grail of Investing?

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 17 October 2018

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kathryn Kaminski and I had the opportunity to sit down with Nigol Koulajian, the founder of Quest Partners, in which he shared his deep insights in many areas of trading. During our conversation, there were a few short segments that I particularly enjoyed and I would love to share them with you here. Below you can learn about Nigols take on the problems with Smart Beta, and also his explanation of Filtering being the Holy Grail. This interview was packed with insight and wisdom.

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Transcript

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0:00.0	Hey everyone and welcome back to another edition of our Best of Top Traders series.
0:07.2	This week I went back to a conversation where Catherine Kaminsky and I sat down with Nigel Kalaghan,
0:13.3	the founder of Quest Partners in which he shared a lot of his personal experience, including a few life lessons, and his take on many key areas
0:24.2	in trading.
0:25.6	There were a few short segments that I thought you might really like, one of which was
0:30.0	Nicole's take on the problem with Smart Beta.
0:33.8	The other, his explanation of his statement of filtering, is that the Holy Grail?
0:39.6	So without further ado, let's jump right into today's topic.
0:43.6	And if you want to listen to the full episode, just go to top tradersonplog.com forward slash 101
0:50.0	and also top tradersonplog.com forward slash 102.
0:59.0	I'm just curious, just maybe on a slightly different, different tact.
1:03.3	You say you bring up the word smart beta.
1:07.7	And of course, in our industry, and in particular in the trend following space,
1:12.9	it's been over the years, it's been, well, certain firms promotes trend following as
1:21.1	being a very easy risk premium to replicate.
1:25.1	And so they sell their products very cheaply.
1:29.0	Yet I have not really seen that these products have outperformed the true, you know,
1:37.8	veterans in that particular strategy.
1:42.0	But so when you, so I'm just curious here.
1:43.8	So when you say, but the smart beta products, some of them have raised billions of dollars,
1:48.0	you know, interesting, because people look at the fees and say, oh, yeah, it's easy.
1:51.3	So we shouldn't pay so much for it.
	...

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