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Top Traders Unplugged - Niels Kaastrup-Larsen 24th April 2019
RT24: The Value of Liquidity ft. John Fidler, Christopher Vogt & Jonathan Miles – 1of2
00:00:00 00:31:00

RT24: The Value of Liquidity ft. John Fidler, Christopher Vogt & Jonathan Miles – 1of2

“Not all managed future strategies are created equal.” – John Fidler (Tweet)

On today’s episode, guest host Ranjan Bhaduri speaks with John Fidler, Senior VP and Director of Alternative Investments at Commonwealth Bank and Trust, Christopher Vogt, Director of Equity Strategies at Margaret Cargill Philanthropies, and Jonathon Miles, Managing Director of Ascent Private Capital Management of U.S. Bank. With these experts on managed futures, we will discuss how managed futures is being incorporated into institutional portfolios, illiquid versus liquid investments, and what role alternative investments play in today’s investment landscape.

In This Episode, You’ll Learn:

  • What managed future strategies John sees the more successful managers gravitating towards
  • Why diversification isn’t always the best idea, and what alternative strategies Jonathan recommends
  • The advantages and disadvantages of having illiquid versus liquid investments
“What is proven in behavioral finance is that people tend to underestimate the value of liquidity.” – Ranjan Bhaduri (Tweet)
  • The heuristic crutch of private equity
  • Why Christopher is wary to always choose emerging managers over more established ones
  • The importance of a strong operational due diligence in managing portfolios
“Quant processing is so cheap. We can all buy computers for almost nothing, and I think that might make it much more challenging as we go forward, given that there’s so much easy and inexpensive quant processing to search for anomalies or alpha opportunities.” – Christopher Vogt (Tweet)
  • How trend following will need to evolve amid machine learning and changing markets
  • How Jonathan’s risk premia strategies transformed how his firm looked at managed futures

Links Mentioned:

Connect with our guests:

Learn more about John Fidler and Commonwealth Bank and Trust

Learn more about Jonathan Miles and Ascent Private Capital Mgt of U.S. Bank

Learn more about Christopher Vogt and Margaret Cargill Philanthropies

“Diversification for the sake of diversification isn’t actually worth it for us.” – Jonathon Miles (Tweet)

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Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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This episode was sponsored by CME Group.