TTU69: Staying Agnostic in Your Allocation ft. Martin Lueck of Aspect Capital

Top Traders Unplugged

Niels Kaastrup-Larsen

Investing, Business News, News, Business

4.8 • 712 Ratings

🗓️ 4 February 2015

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This year in review covers how Aspect Capital came out of 2014 with their best year ever as a company, and what they learned from the year. Martin Lueck discusses the events that made 2014 a roller coaster ride, as well as the importance of always staying agnostic in your allocation to different sectors.

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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:

Why 2014 was a roller coaster ride for Aspect Capital.
How 2014 was the best year ever on record for Martin’s firm.
Why CTAs spend most of the time being in a certain level of drawdown and how they have to be psychologically prepared for that.
What markets didn’t perform for his firm.
How Martin reacted to the Swiss Franc move that happened recently.
How conversations with investors changed over the year.
Why educating investors is important.

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Resources & Links Mentioned in this Episode:

Hear more of Martin Lueck in these 2 hour-long conversations with him on our podcast here and here.

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Aspect Capital on Linkedin.

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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

Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	What we're not doing is tilting the portfolio to reflect recent experience.
0:09.0	Because, for example, energies, as we now see in 2014, was a terrific place to have a decent
0:16.0	allocation. And frankly, I think Aspect's performance was due to our significant allocation to energies.
0:23.9	Energies have been an absolute bear to trade over the previous two or three years.
0:30.0	It's really unpredictable and you have to maintain as consistent and agnostic an allocation or a risk commitment to these sectors as you possibly
0:39.7	can.
0:44.0	This is Marty Lueck, co-founder and director of research at Aspect Capital, and you're
0:51.6	listening to my year-in review on Top Traders Unplugged.
0:55.5	Imagine spending an hour with the world's greatest traders.
0:59.2	Imagine learning from their experiences, their successes, and their failures.
1:03.7	Imagine no more.
1:05.5	Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund
1:10.0	managers in the world so you can learn from the best hedge fund managers in the world, so you can
1:11.8	take your manager due diligence or investment career to the next level.
1:16.3	Here's your host, veteran hedge fund manager, Niels Kastrop Larson.
1:35.7	Welcome back, Marty, for this quick review of 2014, where we look at the big events from the point of view of your trading strategy.
1:44.4	I want to explore the options, the downs, as well as the big takeaway from what can only be described as a great year for systematic trading strategies in general,
1:46.9	but of course trend following in particular.
1:51.0	But as we know, just because you're systematic in your trading,
1:56.0	it doesn't necessarily mean that your strategy deals with market events in a similar way.
2:00.2	So I'm excited to hear what you saw in the past year,
2:03.2	and I thought we should just jump right into it. So tell me a little bit about 2014 from your perspective.
	...

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