TTU117: Strategic Risk Management ft. Cam Harvey & Rob Carver
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 9 December 2021
⏱️ 78 minutes
🧾️ Download transcript
Summary
How should you protect your portfolio against large losses, but without giving up its upside potential? To answer this question, and many more, I invited back professor of finance at Duke University, Campbell Harvey to the show. I also thought it would be fitting if Rob Carver, could also join us, considering Rob and Cam used to work together at Man AHL. Enjoy the show as we discuss how to navigate a crisis in the markets, and what to expect in terms of the global outlook for investing.
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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 to manage a portfolio through a crisis
- The motivation behind writing his new book
- Various methods of portfolio protection
- Diversification within Trend Following systems
- Volatility targeting and why it can be a powerful tool
- The journey of volatility going from a measure to an input
- Drawdowns as an important metric to monitor
- Timing portfolio rebalances effectively
- The 60 / 40 portfolio, diversification, and inflation
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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
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Empirically, we've had these academic papers that show that volatility targeting does, just, as you said, it's really, really effective. |
| 0:18.0 | It improves, like, sharp ratios. However, that research was applied to equity |
| 0:25.0 | markets, and people read these academic papers, and we know that, for example, the friend |
| 0:33.5 | following firms use volatility targeting kind of routinely in terms of their signals. |
| 0:39.3 | So this is really important. |
| 0:42.3 | It works for equity, but it doesn't work for everything. |
| 0:46.3 | And you need to step back and figure out why. |
| 0:52.3 | Imagine spending an hour with the world's greatest traders. |
| 0:56.2 | Imagine learning from their experiences, their successes, and their failures. |
| 1:00.7 | Imagine no more. |
| 1:02.6 | Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world, |
| 1:08.5 | so you can take your manager, due diligence, or investment |
| 1:11.4 | career to the next level. Before we begin today's conversation, remember to keep two things in |
| 1:16.7 | mind. All the discussion we'll have about investment performance is about the past, and past performance |
| 1:22.0 | does not guarantee or even infer anything about future performance. Also understand that there's a |
| 1:27.3 | significant risk |
| 1:28.1 | of financial loss with all investment strategies, and you need to request and understand the |
| 1:32.9 | specific risks from the investment manager about their product before you make investment |
| 1:37.1 | decisions. Here's your host, veteran hedge fund manager, Nealz Kostrup Larson. |
| 1:51.4 | Cam, it's great to have you back on the podcast. |
| 1:54.1 | I can't believe it's been more than a year since we last spoke. |
| 1:55.5 | How are things where you are today? |
... |
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