Not all trend followers play the same game. In Episode 361, Richard Brennan joins Niels Kaastrup-Larsen to break down four archetypes of systematic trend following — Replicators, Core Diversifiers, Crisis Risk Offsets, and Outlier Hunters.
They explore the debates that divide the industry — diversification vs. concentration, volatility targeting vs. static small bets, symmetry vs. asymmetry, and speed of execution — showing why clarity of purpose is everything.
For investors, the takeaway is simple: alignment between design and objective is the true edge.
#trendfollowing #systematictrading #CTAperformance #TopTradersUnplugged