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Trend Following as a Return Enhancement Overlay

May 2024


Alan Dunne was back on Top Traders Unplugged speaking with Niels Kaastrup-Larsen about global macro developments, asset allocation and allocating to alternative investment strategies.


They discuss why Trend following may have a role in portfolios as a Return Enhancing Overlay during risk-on periods in addition to the Risk Mitigating role it plays in many institutional portfolios. 


They review a recent paper from Société Générale which analyses the return drivers of quant macro managed futures programs and the latest UBS Global Family office report and what is says about family office allocation to hedge funds and alternatives. 


They discuss a paper from ClearAlpha Technologies on The Math of Multi-Manager which analyses the key factors driving the success of the multi-manager model 


They also discuss recent global macro developments, signs that US consumers may have less firepower now that excess savings may now be deleted and what a Trump second term may mean for Fed independence. 



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