Ep. 283: Roland Austrup Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 13 October 2014

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Roland Austrup, the Chief Executive Officer and Chief Investment Officer at Integrated managed Futures, part of the IAM group out of Canada. Austrup's firm comes at trading from a slightly different perspective: very systematic, but also using fundamentals systematically.

The topic is trading.

In this episode of Trend Following Radio we discuss:

How Austrup got started in the industry, and whether he was always a "quant" thinker
Early experiences with Ed Seykota
Whether Austrup uses a systematic use of fundamentals or a discretionary use of fundamentals
Why systematic can be frightening to certain people
Managing risk and the return to risk profile
Why Austrup targets a downside volatility of 13%
Why "the returns will take care of themselves" if you manage risk correctly
Trading trends and not market noise
Being on the right side of a trend
The phrase "equity-like returns"
Reviewing trend following performance in recent years
Why Austrup's strategy is not based on prediction
The importance of a broadly diversified portfolio
Lack of correlation to traditional long-only equities strategies
The current low rate environment

Jump in!

---

I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:33.5	I'm really lucky with this podcast.
0:42.2	It's like going to school on a regular basis, back to college,
0:48.6	so to speak, high school, grade school. Well, I guess actually, I might not get the opportunity to speak with the Daniel Kahneman in grade school, but I'm fortunate. Of course, you, the audience is fortunate as well. But it is so
0:56.3	much fun to have so many bright people come on this show and give wisdom. Now, sometimes for 30 or 40
1:06.4	or 50 minutes, maybe not all of my guests give 100% whiz in the entire conversation.
1:15.8	But what I love about my guests is they always have something.
1:20.9	There's always something unique and what they bring to the table.
1:32.3	Most of the time, I don't expect it because I don't do pre-interviews. We just get on and go.
1:35.3	Usually I take an 8.5 by 11 sheet of paper.
1:39.3	Maybe I spend three or four hours for each guest, depending.
1:43.3	Sometimes I have to read books for the guest.
1:45.6	Actually, I do read their books.
1:47.5	But I'll just make notes.
1:48.9	I just put notes on this one sheet of paper, and I try to have a dozen or so big picture
1:56.0	issues that we can talk about.
1:58.3	That's kind of my process.
1:59.9	And then I just let it flow. Let it go. Let's see what happens. Let's see what we can talk about. That's kind of my process. And then I just let it flow. Let it go.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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