Episode #458: Bob Elliott, Limitless Funds – A Macro Masterclass - Meb Faber Analysis

Episode #458: Bob Elliott, Limitless Funds – A Macro Masterclass

Visitor: Bob Elliott is the CEO & CIO of Limitless Funds, which utilizing machine studying to create merchandise that replicate the index returns of different investments. Beforehand, he was the Head of Ray Dalio’s Analysis Crew and on the Funding Committee at Bridgewater Associates.

Date Recorded: 11/30/2022 | Run-Time: 1:46:12

Abstract: In at present’s episode, we contact on charges, the inflationary cycle, the sturdy US greenback, and the way all of those form his view of the markets and financial system as we head into 2023. Then we talk about what methods are value searching for alpha in a world the place beta is sort of free, how he thinks about managers’ efficiency coming from luck vs. talent, and the advantage of low value, systematic methods.

As we wind down, we contact on Bob’s entrance into the ETF house with an excellent ticker, HFND.

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Hyperlinks from the Episode:

1:22 – Intro
2:39 – Welcome to our visitor, Bob Elliott
3:45 – Bob’s macro method and classes from his time at Bridgewater Associates
9:01 – Episode #109: Matt Hougan, Bitwise Asset Administration
9:56 – Low value beta and the poor efficiency of the 60/40 portfolio in 2022
13:38 – What’s a great quantity of different belongings to have in a portfolio?
24:31 – America’s first run in with fast inflation and the way it would possibly unfold
31:16 – What the following couple of years would possibly appear like inflation-wise
35:00 – Preliminary claims round how briskly the labor market will deteriorate
40:53 – The developments of inflation exterior of the US
44:04 – Bob’s perspective on the US greenback remaining so sturdy regardless of our macro surroundings
47:30 – What is going to hit 5% first: CPI or Treasuries?
49:54 – Bob’s ideas on alpha
57:06 – Variations between discretionary and systematic alpha
1:00:16 – Make investments With The Home: Hacking The Prime Hedge Funds
1:02:36 – Systematic approaches he finds fascinating and launching his new fund
1:07:29 – Energetic methods he’s drawn in direction of and which of them he feels are good
1:13:12 – Overview of HNFD
1:26:07 – Positioning of hedge funds at present
1:31:37 – Concepts for future methods
1:36:16 – What’s Bob’s favourite macro knowledge level
1:37:25 – One thing Bob believes that almost all of his friends don’t
1:39:59 – Bob’s most memorable funding
1:42:40 – Study extra about Bob; Twitter; unlimitedfunds.com