What makes an alternative investment truly valuable? In this episode, Moritz Siebert joins Niels Kaastrup-Larsen for a conversation that moves past market moves and into the core design of systematic strategies. They explore what diversification really means, why manager size shapes more than just capacity, and how incentives - both fees and institutional expectations - quietly reshape the industry. From carbon markets and copper dislocations to volatility suppression and position sizing, this is an episode about alignment: between strategy and structure, manager and mandate, risk and resilience. At a time when most portfolios still rely on the familiar, this is a case for what’s missing. And you can get your free copy of the recent paper from DUNN Capital here! ----- 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 Moritz on LinkedIn. Episode TimeStamps: 01:34 - What has caught our attention recently? 06:26 - Industry performance update 13:20 - Building the perfect portfolio composition 17:18 - Insights on carbon markets 21:39 - Should we start to rethink how we approach markets? 28:54 - Removing complexities from a trend system 34:02 - The key aspects of designing a trend system 47:27 - More diversified = more risk? 49:00 - What is the most Valuable Alternative Investment? 57:50 - Is trend...
