My guest today is Roland Austrup, the Chief Executive Officer and Chief Investment Officer at Integrated managed Futures, part of the IAM group out of Canada. Austrup's firm comes at trading from a slightly different perspective: very systematic, but also using fundamentals systematically.
The topic is trading.
In this episode of Trend Following Radio we discuss:
- How Austrup got started in the industry, and whether he was always a "quant" thinker
- Early experiences with Ed Seykota
- Whether Austrup uses a systematic use of fundamentals or a discretionary use of fundamentals
- Why systematic can be frightening to certain people
- Managing risk and the return to risk profile
- Why Austrup targets a downside volatility of 13%
- Why "the returns will take care of themselves" if you manage risk correctly
- Trading trends and not market noise
- Being on the right side of a trend
- The phrase "equity-like returns"
- Reviewing trend following performance in recent years
- Why Austrup's strategy is not based on prediction
- The importance of a broadly diversified portfolio
- Lack of correlation to traditional long-only equities strategies
- The current low rate environment
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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