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Top Traders Unplugged

BO85: Investments that (really) Work During Market Turmoil

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8670 Ratings

🗓️ 25 May 2020

⏱️ 5 minutes

🧾️ Download transcript

Summary

A look into strategies that worked during the recent market turmoil.

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Transcript

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0:00.0

So I saw you tweeting, I think yesterday or the day before, about getting ready to file your taxes in the UK and that you've done really well this past 12 months.

0:13.6

So what's worked really well for you, given that very kind of diversified type of approach to the markets?

0:22.4

Yeah, so the futures portfolio this year has done really well.

0:27.8

So I tend to measure my performance on the UK tax year basis.

0:31.6

That's roughly from April to March.

0:34.6

So as of now, it's up about 31%. And my annualized fall target is 25%. So that's a sharp

0:42.6

with just over one. So that's pretty good. That's my best performance since I think 2014.

0:49.7

So that's worked pretty well. Within that, things that have done well, it's been things like the metals, you know,

1:00.0

palladium, platinum, they've been, they've done very well.

1:07.0

Because I have more carry than most trend followers, I think the carry is done particularly

1:14.9

well this year.

1:18.3

And so coming to the end of my kind of performance monitoring period, if I just looked at

1:23.7

the annual figures, I'd see 31% up in my futures portfolio, you know, in my

1:31.3

kind of long-only stock and bond portfolio, I mean it's going to be perhaps down 20%, something

1:37.6

like that. So just on an annual basis, I could say, yes, this has been a really good diversifying year for adding

1:45.7

the trend-falling products. That's a little bit naughty, though, because, as we've already

1:50.3

discussed, that's not really because the future has delivered the crisis alpha in the last

1:54.6

couple of weeks. It's more that they, you know, I was lucky to have done very well throughout the latter half of 2019,

2:03.6

January 2020 was up, I was up 9%, I think.

2:08.6

February, I think I was up a couple of percent.

2:11.6

And so far this month I'm flat, so it's more than a case of all the money being made and then hanging in there over the

2:18.6

recent crisis which is you know it is obviously fine but but it's not it's not quite true to say

...

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