The Meb Faber Show
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Bob Elliott, Unlimited Funds – A Macro Masterclass | #458
Today’s guest is Bob Elliott, CEO & CIO of Unlimited Funds, which using machine learning to create products that replicate the index returns of alternative investments. In today’s episode, we touch on rates, the inflationary cycle, the strong US dollar, and how all of these shape his view of the markets and economy as we head into 2023. Then we discuss what strategies are worth looking for alpha in a world where beta is almost free, how he thinks about managers’ performance coming from luck vs. skill, and the benefit of low cost, systematic strategies. As we wind down, we touch on Bob’s entrance into the ETF space with a great ticker, HFND.
Key Points
- Bob Elliott, CEO and CIO of Unlimited Funds, discusses the current volatile macro environment, highlighting the significance of rates, the inflationary cycle, and the strong US dollar as we head into 2023.
- Elliott emphasizes the importance of diversification in investment strategies and the potential benefits of low-cost systematic strategies over traditional, fee-heavy hedge fund models.
- The newly launched ETF, HFND, seeks to replicate the diversified returns of alternative investments using machine learning to analyze and mimic the positions of established hedge funds, providing a cost-effective and tax-efficient alternative for investors.
Chapters
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Transcript
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