Maximum Drawdown
Since the SG CTA Index launched in 2000, its maximum drawdown has been smaller than that of the “safe” Bloomberg US Aggregate Bond Index. It is also less than 40% of gold’s maximum drawdown, less than a third of the S&P 500’s, and less than 20% of broad commodities. That record covers more than 25 […]
Finding the Core Within the Complexity
More markets don’t necessarily mean more distinct exposures. This animation groups related markets around ten representative factors, showing how a simpler framework can bring CTA complexity into focus. That is the premise of factor replication: seeking broad exposures through a focused set of markets.
CTA vs. Peers
The SG CTA Index keeps its name, but its managers change yearly. We compared its 2016 and 2026 constituents, looking back at their available returns from July 2016 onward. The 2026 group looks stronger, but hindsight matters. Selecting managers based on their membership a decade later introduces selection and survivorship bias, while the 2016 roster […]
Brave New World
Every diversifier on this chart wants to live in the upper left: positive alpha with low or negative equity correlation. In the 2010s, Treasuries and core bonds benefited from a favorable environment, while managed futures already offered low equity correlation. With traditional diversification working relatively well, the case for a broader toolkit received less attention. […]
The Wall Street Lab – Episode 109 A Deep Dive into Hedge Fund Replication with Andrew Beer, DBi [PODCAST]
Andrew Beer, co-founder and managing member of Dynamic Beta Investments (DBi), joins The Wall Street Lab for a deep dive into hedge fund replication, managed futures, and liquid alternatives. Listen Below! The Wall Street Lab – Episode 109 A Deep Dive into Hedge Fund Replication with Andrew Beer, DBi
SI413: Why Trend Following Is More Than Crisis Alpha ft. Andrew Beer & Tom Wrobel [PODCAST]
Niels Kaastrup-Larsen is joined by Andrew Beer and Tom Wrobel to examine a remarkable period for systematic investing. They discuss how CTAs have navigated volatile moves across equities, commodities, currencies and rates while preserving strong gains, and why diversification has been central to that resilience. The conversation explores leverage, the renewed interest in managed accounts […]
The Bull of Wall Street #77 – Andrew Beer, Dynamic Beta Investments Co-Founder [PODCAST]
In this episode of The Bull of Wall Street, Paisley Nardini and Jim Worden sit down with Andrew Beer, co-founder of Dynamic Beta Investments (DBI), for a thoughtful discussion on diversification, liquid alternatives, managed futures, and hedge fund replication. Andrew explains why institutional investors have embraced alternatives for decades, why the traditional 60/40 portfolio has […]
SI404: When Trend Following Meets Equities ft. Eric Crittenden & Andrew Beer [PODCAST]
Trend following has long promised and delivered diversification, crisis protection and uncorrelated returns. Yet many investors still struggle to hold it through difficult periods. In this conversation, Andrew Beer and Eric Crittenden explore why that gap exists and how combining trend following with equities may create a more durable portfolio. They discuss the rise of […]
CTAs and Alpha Generation: Is Efficient Implemention the Answer?
After a decade of studying CTAs, we have drawn three conclusions about the nature of their alpha generation. Read the full article below. Download the Article
ETF Trends and the Rise of Managed Futures
Todd Rosenbluth, Head of Research at VettaFi, talks ETF flows, new launches, industry milestones, and other key trends shaping the ETF landscape. Andrew Beer, Managing Member of DBi, provides a primer on managed futures strategies and highlights the iMGP DBi Managed Futures Strategy ETF (DBMF) and the Simplify DBi CTA Managed Futures Index ETF (SDMF). Listen to […]
