TTU146: The value of Unpredictable Alpha ft. Anthony Todd

Published: April 10, 2024, midnight

Today, we are delighted to be joined by Anthony Todd, Co-Founder & CEO of Aspect Capital, for an insightful discussion on the role of systematic trading and trend following in today\u2019s economy. We also discuss what has driven Aspect Capital\u2019s shift towards developing multiple strategies and how they guide their clients to make better investment decisions, whether the trend following industry should be concerned about replication strategies and how allocations are funded today. Lastly, we discuss how Aspect Capital uses AI in their work and how systematic trading has changed as a whole with the rise of AI, what Todd is most excited and concerned about in 2024 and much more.

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Episode Timestamps:

02:24 - Introduction to Anthony Todd and Aspect Capital

05:43 - A global macro perspective

09:45 - How has the industry evolved?

13:51 - Are investors under-allocated to trend?

17:11 - Trend following - a return enhancer?

20:37 - The correlation between stocks and bonds

25:27 - The path to offering multible strategies

29:47 - Balancing choices and guiding clients and investors

33:26 - Are CTAs threatened by replication