Trend is more interesting than just beta.

There's a lot of, especially the way we think about it, where there's sort of all these different.

The markets are made up of cycles of different frequencies, and so if you're employing trend, really what you're trying to capture is the meat part of those cycles.

And so there's some skill in understanding, should I be short term, should I be long term, should I be medium term?

Should I adjust that over time? Why do I adjust that over time?

So there's, it is definitely more interesting than just a very straightforward.

Here's the beta. Anybody could do this.

Imagine spending an hour with the world's greatest traders.

Imagine learning from their experiences, their successes, their successes, and their failures.

Imagine no more.

Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers

in the world so you can take your manager, due diligence, or investment career to the next

level.

Before we begin today's conversation, remember to keep two things in mind.

All the discussion we'll have about investment performance is about the past,

and past performance does not guarantee or even infer anything about future performance.

Also understand that there's a significant risk of financial loss with all investment strategies,

and you need to request and understand the specific risks from the investment

manager about their product before you make investment decisions. Here's your host, veteran hedge fund

manager, Nealz Kostrup Larson. Hey everyone, and welcome to another edition of Top Traders on

Block, where Alan Don and I are joined today by Ryan O'Grady, co-founder and CEO at Roe Ascent Management as part of our mini-series focusing on the one investment strategy that beat everything else in 2022, namely trend following and managed futures more broadly.

First off, Ryan, it is wonderful to have you on the podcast.

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