16 min listen
Return Stacking with Corey Hoffstein and Rodrigo Gordillo
FromExcess Returns
ratings:
Length:
53 minutes
Released:
Sep 19, 2021
Format:
Podcast episode
Description
With bonds yields near all time lows and stock valuations near all time highs, the future returns of the 60/40 portfolio don't look promising. This has led many investors to move up the risk curve in an effort to boost their returns. But that increased risk also comes with an increased chance of significant problems in future market drawdowns.
This week, we talk to two guests who have come up with an interesting approach that attacks the problem of lower future expected returns in a very different way. We talk to Corey Hoffstein of Newfound Research and Rodrigo Gordillo of Resolve Asset Management about their new paper, Return Stacking: Strategies For Overcoming a Low Return Environment. We discuss how the combination of prudent leverage and uncorrelated return streams can potentially add return to a portfolio without a substantial increase in risk.
We hope you enjoy the discussion.
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
SEE LATEST EPISODES
https://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEA
https://www.validea.com
FOLLOW OUR BLOG
https://blog.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTIN
Twitter: https://twitter.com/jjcarbonneau
LinkedIn: https://www.linkedin.com/in/jcarbonneau
This week, we talk to two guests who have come up with an interesting approach that attacks the problem of lower future expected returns in a very different way. We talk to Corey Hoffstein of Newfound Research and Rodrigo Gordillo of Resolve Asset Management about their new paper, Return Stacking: Strategies For Overcoming a Low Return Environment. We discuss how the combination of prudent leverage and uncorrelated return streams can potentially add return to a portfolio without a substantial increase in risk.
We hope you enjoy the discussion.
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
SEE LATEST EPISODES
https://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEA
https://www.validea.com
FOLLOW OUR BLOG
https://blog.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTIN
Twitter: https://twitter.com/jjcarbonneau
LinkedIn: https://www.linkedin.com/in/jcarbonneau
Released:
Sep 19, 2021
Format:
Podcast episode
Titles in the series (100)
Lessons From the March For the Fallen by Excess Returns