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ALO30: The Quiet Rewire of Portfolio Construction ft. Cian Walsh
Manage episode 493441408 series 2503344
Cian Walsh, Head of Hedge Funds and Private Debt at Formue, joins Alan Dunne to explore what it means to allocate capital when the macro regime, client expectations, and the structure of markets are all in flux. He explains why the 60/40 model obscures more than it reveals, how he is adapting institutional frameworks for thousands of private clients, and what changes when you view hedge funds not as a bucket, but as a function. From the discipline of sizing trend in a sideways regime to the slow shift from vintage private credit to evergreen, this is a conversation about building portfolios that can hold together when the ground moves.
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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 Alan on Twitter.
Follow Cian on LinkedIn.
Episode TimeStamps:
02:12 - Introduction to Cian Walsh
05:30 - How does institutional asset allocation stand out?
06:39 - Asset allocation in a shifting regime
09:33 - A move towards mass customization
10:26 - The 60/40 portfolio is dying - what is next?
13:28 - The challenges of implementing a total portfolio approach
17:16 - Dealing with underperforming strategies
20:09 - More growth or more all-weather?
23:30 - Why Walsh believes in systematic trading
28:51 - Do Walsh hold any long volatility strategies?
30:04 - Walsh's process for selecting managers
36:55 - Managing fees and the rise of Pod Shops
39:54 - Their approach to early stage allocation and risk
42:03 - How manager selection differs from asset allocation
44:32 - Their process of upholding expected returns and performance
46:55 - Balancing hedge fund allocation and private credit
50:20 - Does hedge fund allocation call for more caution?
52:46 - How to avoid sitting short on liquidity
54:48 - The pitfalls of the private credit space
58:19 - Will credit markets outperform growth equity markets?
01:00:27 - Walsh's key advice and book recommendations for other investors
Copyright © 2024 – CMC AG – All Rights Reserved
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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
840 episodes
Manage episode 493441408 series 2503344
Cian Walsh, Head of Hedge Funds and Private Debt at Formue, joins Alan Dunne to explore what it means to allocate capital when the macro regime, client expectations, and the structure of markets are all in flux. He explains why the 60/40 model obscures more than it reveals, how he is adapting institutional frameworks for thousands of private clients, and what changes when you view hedge funds not as a bucket, but as a function. From the discipline of sizing trend in a sideways regime to the slow shift from vintage private credit to evergreen, this is a conversation about building portfolios that can hold together when the ground moves.
-----
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 Alan on Twitter.
Follow Cian on LinkedIn.
Episode TimeStamps:
02:12 - Introduction to Cian Walsh
05:30 - How does institutional asset allocation stand out?
06:39 - Asset allocation in a shifting regime
09:33 - A move towards mass customization
10:26 - The 60/40 portfolio is dying - what is next?
13:28 - The challenges of implementing a total portfolio approach
17:16 - Dealing with underperforming strategies
20:09 - More growth or more all-weather?
23:30 - Why Walsh believes in systematic trading
28:51 - Do Walsh hold any long volatility strategies?
30:04 - Walsh's process for selecting managers
36:55 - Managing fees and the rise of Pod Shops
39:54 - Their approach to early stage allocation and risk
42:03 - How manager selection differs from asset allocation
44:32 - Their process of upholding expected returns and performance
46:55 - Balancing hedge fund allocation and private credit
50:20 - Does hedge fund allocation call for more caution?
52:46 - How to avoid sitting short on liquidity
54:48 - The pitfalls of the private credit space
58:19 - Will credit markets outperform growth equity markets?
01:00:27 - Walsh's key advice and book recommendations for other investors
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
840 episodes
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