How we can prepare for every investment scenario.

We discuss:

• Risk Parity and Futures Markets
• Leverage and Value Diversification
• Outsourcing Expertise
• Integrating Asset Classes to Maximize Returns

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

How can we manage for scenarios when Liquidity evaporates?

We discuss:

• The mechanics of a Liquidity Shock
• The Fed and the Long Volatility Gap
• Diversification, Tail Hedge Protection and Theta Bleed
• Dennis Rodman and the Long Vol Trade
• Yield, Growth and Inflation

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

How can we move from Factor Beta to Alpha?

We discuss:

• Swensen, Yale and aligning incentives
• The cycles of factor investing
• Machine learning, the Bias/Variance trade off and Alpha
• Ensembles
• Sustainable Alpha through continuous Innovation

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

What additional Sleeves can we add to maximize diversity?

We discuss:

• Style premia, factors, smart beta – the benefits and risks
• Efficient negative Sharpe ratios
• Redemptions and “noise traders”
• Larry Swedroe and anomalies
• Value characteristics and correlations
• Flows and Arbitrage opportunities

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

How do we eat Sharpe ratio and meet financial goals with a maximally diversified portfolio?

We discuss:

• Using leverage in a robust and diversified portfolio to preserve diversification while achieving target returns
• Why “credit” is not a distinct asset class and does not increase diversity
• Integrating your bets
• The repercussions of levering up
• What makes Risk Parity hard

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Traditional yields are low, so how do we meet our funding obligations?

We discuss:

• Rebalancing highly diversified portfolios to generate 3%-5% in excess returns
• The Diversification Ratio and maximally diversified portfolios
• The increased value of maximally diversified commodity sleeves
• Special advantages for non-institutional investors

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Diversity of investments only produces “diversification” if asset classes are held in proper balance.

We discuss:

• The 60/40 portfolio and why it’s not diversified or risk-balanced
• The advantages of Global Risk Parity Portfolios
• How leverage helps to preserve diversification

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Investors are often prone to “home-country” equity bias and other heuristics that leave them under-exposed to the world’s many diverse opportunities.

We discuss:

• The importance of global asset class diversity
• Ray Dalio and the “All Weather Portfolio”
• Making portfolios resistant to inflation and growth shocks

Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.