In this week’s Systematic Investor episode, Niels and Andrew Beer explore how a broken 60/40 paradigm is forcing wealth managers into a new world of “other” diversifiers. Andrew reflects on the Goldman Sachs report about private wealth flows, the rise of liquid alts and why big houses are suddenly launching trend ETFs. The conversation dives into replication versus traditional CTAs, the true cost of complexity, and Simplify’s new index-based product built on Andrew’s strategy. Along the way they debate pods, Bitcoin, and Andrew’s evolving metaphor of managed futures as a cloudy, but occasionally crystal-clear, macro crystal ball. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK 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
[email protected] 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 Andrew on Twitter . Episode TimeStamps: 00:00 - Intro and Thanksgiving reflections, gratitude and mood after the holiday 01:14 - Goldman report: trillions from wealthy investors and a seismic shift away from 60/40 03:38 - Why bonds stopped diversifying and the growth of the “other” bucket in portfolios 05:44 - Liquid alts vs illiquid alts and the timing of big firms launching trend ETFs 08:25 - Odd Lots, pods and Dalio’s skepticism on multi-strats’ future 09:22 - Bitcoin’s volatile run and rumors of a manipulated pullback 10:59 - November performance: zigzags in trend indices and short-term traders’ struggles 12:55 - How DBMF positioned: concentration, short yen, euro pain and being contrarian post “Liberation Day” 16:05 - Are we still “replication”? Alternative data beta, tracking error and what’s really...
