Podcast appearances and mentions of andreas clenow

Andreas Clenow needs no introduction and has a lengthy history in the algorithmic trading industry. A Swed who has lived in Switzerland for quite some time he has recently published a fiction novel set in the underworld of the secretive Swiss banking industry. He says you can learn more about finance from that than his textbooks! His contribution to the field of systematic trading has been enormous, with his three absolutely invaluable books: Following the Trend; Stocks on the Move; and Trading Evolved. The books cover everything from futures trading to stocks and then to programming it all in Python yourself. Clenow's books go into great detail and give you all the strategy detail needed to get you moving. We had an insightful discussion with him about the strategies in his books and then about his latest venture: a new mobile app called Hush. It's essentially a fund for the broader audience so we were particularly keen to uncover the strategies he is deploying in there. Trade well & prosper!

The is a real concern that bondholders in the soon-to-be-defunct Credit Suisse lost out while some Shareholders held onto some of their value. That could set a very dangerous precedent and a massive contagion or disruption elsewhere. To discuss the ramifications of the UBS merger and other market news Joe was joined now by Andreas Clenow, the Chief investment officer of Acies Asset Management and author of the best-selling novel ‘A Most Private Bank'. and Paul Kavanagh is the Chief Executive of Patronus partners

Russia's central bank has been targeted with sanctions by the United States in an attempt to cripple the Russian economy following the invasion of Ukraine. The measures block Americans from engaging in any transactions involving Russia's central bank, finance ministry or national wealth fund. It comes on top of action by the US and EU to bar some of Russia's banks from the SWIFT international payments system. The ruble has plunged as a result to less than one ruble to one US cent. The stock market in Moscow failed to open on Monday. We asked Oleg Vyugin former First Deputy Chairman of the Central Bank of Russia if these sanctions would affect the financing of the war in Ukraine. Also in the programme, we hear from people in the midst of the chaos in Ukraine. First, we speak to Olga Shapoval, who is an executive director of the city of Kharkiv's IT cluster, in north-eastern Ukraine. We then hear from Oleg Chernyak of the software development company CHI Software. He is normally based in Kharkiv and has been trying to run his business as the war intensifies. Now he is is in Carpathian Mountains in the West of the Country. The ostentation wealth of the Russian oligarchs has come in for intense scrutiny from regulators and financial watchdogs. From the massive yachts in the Bahamas to the stately homes and London mansions these people are obvious targets. We spoke to Oliver Bullough the author of Moneyland: Why Thieves and Crooks Now Rule the World and How to Take It Back about whether the latest sanctions would hit these targets. Next, we asked Andreas Clenow if Switzerland have broken their pledge of neutrality in regards to it's announcements of joining the EU in it's sanctions. Andreas is a Swiss author, entrepreneur and asset manager, based in Zurich, where he is the Chief Investment Officer of a family office. Lastly, in a strange twist the war in Ukraine may well give an extraordinary push to the adoption of carbon free renewable energy in Europe, as countries, in particular Germany accelerate their move away from Russian gas. Holger Schmieding, Chief Economist at Berenberg Bank, told us whether the change in Germany would filter through to other economies on the continent. In today's programme we are joined by Jyoti Malhotra in Delhi & Mitchell Hartman in Oregon. (PICTURE CREDIT: GETTY)

Russia's central bank has been targeted with sanctions by the United States in an attempt to cripple the Russian economy following the invasion of Ukraine. The measures block Americans from engaging in any transactions involving Russia's central bank, finance ministry or national wealth fund. It comes on top of action by the US and EU to bar some of Russia's banks from the SWIFT international payments system. The ruble has plunged as a result to less than one ruble to one US cent. The stock market in Moscow failed to open on Monday. We asked Oleg Vyugin former First Deputy Chairman of the Central Bank of Russia if these sanctions would affect the financing of the war in Ukraine. Next, in a strange twist the war in Ukraine may well give an extraordinary push to the adoption of carbon free renewable energy in Europe, as countries, in particular Germany accelerate their move away from Russian gas. Holger Schmieding, Chief Economist at Berenberg Bank, told us whether the change in Germany would filter through to other economies on the continent. We then have a look at a volatile day with the American markets moving in an indecisive fashion and the NASDAQ ending the day up by half a percent, as was explained to me by Peter Jankowskis of Arbor Financial The ostentation wealth of the Russian oligarchs has come in for intense scrutiny from regulators and financial watchdogs. From the massive yachts in the Bahamas to the stately homes and London mansions these people are obvious targets. We spoke to Oliver Bullough the author of Moneyland: Why Thieves and Crooks Now Rule the World and How to Take It Back about whether the latest sanctions would hit these targets. Lastly we asked, Andreas Clenow if Switzerland have broken their pledge of neutrality in regards to it's announcements of joining the EU in it's sanctions. Andreas is a Swiss author, entrepreneur and asset manager, based in Zurich, where he is the Chief Investment Officer of a family office.

Chief Investment Officer of Zurich-based Acies Asset Management, critically acclaimed author, and systematic trend-following expert Andreas Clenow, CMT brings decades of asset management experience to the podcast this month. Episode #7 of Fill the Gap focuses on the process and precision of strategy development and so much more.     Challenging the very definitions of commonly held terms in the investment industry, Andreas brought wit and candor to this interview while engaging honestly with the debate around systematic vs discretionary money management. We encourage all of our listeners to check their assumptions as Andreas helped define these approaches through terms such as mechanical and unsupervised.    Digging into the common pitfalls of the business, Andreas spoke authentically about lessons he has learned personally as a trader, fund manager, strategy developer, and allocator of hedge funds across all asset classes. Perhaps most important for listeners this month is the concept that managers will inevitably find periods where their strategy is out of style with the market, but as Andreas says “You can lose money by following your rules, or by breaking your rules. One is just much easier to explain to investors.”     A lifelong learner and investigator of markets, Andreas is forever exploring new concepts and approaches. Have you ever built a trading strategy completely void of historical price data? Want to better understand the commercial business of trading strategies as product development? Longing to read a novelized account of the dark underbelly of Swiss financiers? We explore all of this and more with Andreas Clenow, CMT in episode #7 of Fill the Gap!   To better understand the concepts covered, we recommend reviewing the supplemental resources accompanying this episode using this link: go.cmtassociation.org/ftge7 

Today we continue our interview with Andreas Clenow, where we cover topics such as backtesting & system design, whether we see any growth in the CTA industry, long-term vs short-term Investing, and how to go about raising initial AUM.  Questions include: How important are drawdowns when analysing performance?  Is Crisis Alpha an appropriate label for CTAs today?  How do you choose parameters for your Trading Models? If any listeners would like to leave us a voicemail message to play on the show, you can do so here. Learn more about the free-to-use Top Traders Unplugged Trend Barometer here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry, Moritz & Andreas on Twitter: @TopTradersLive, @RJparkerjr09, @MoritzSeibert & @Clenow And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:54 - Niels; Question One: How does one go about choosing parameters for their Trading models?  Question Two: Do you stick with your model, or do you look to recalibrate it over time? 7:37 - Jerry; Question Two: Have you noticed that longer-term systems have always produced better results than shorter-term, even though we may think otherwise?  How important are drawdowns when analysing performance? 13:48 - Moritz; Question One: Would you still go out and start a Trend Following fund today?  If so, how would you go out and raise the initial AUM? 16:25 - Niels; Question Two:  How should CTAs & Trend Followers present themselves?  Is Crisis Alpha an appropriate label? 22:32 - Niels; Question Three:  If you could invite 4 people to dinner, from past or present, who would you choose? 22:32 - Niels; Question Four:  Anything you would like to share regarding your latest book? 26:23 - Brian; Question One: Do you think Options strategies distort Trends and the performance of Trend Following strategies? 27:08 - Performance recap   Subscribe on:

In the first of a 2-part special with Andreas Clenow, we discuss why combining Models might improve your Risk-Adjusted Returns in the long run, whether all Trend Following signals are more or less the same, reliable ways to measure risk, and some thoughts on Trend Following in the Stock Market.  Questions we attempt to answer this week include: How do you trade mean-reverting strategies? Do you use Volatility-Targeting as part of a Trend Following strategy? Why has Andreas mentioned in the past that Trend Following doesn’t work on stocks? Are there less big Trends nowadays? Do you prefer to use the same parameter combinations across all markets? If any listeners would like to leave us a voicemail message to play on the show, you can do so here. Learn more about the free-to-use Top Traders Unplugged Trend Barometer here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry, Moritz & Andreas on Twitter: @TopTradersLive, @RJparkerjr09, @MoritzSeibert & @Clenow And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:24 - Macro recap from Niels 2:30 - Weekly review of returns 5:36 - Introduction to special guest, Andreas Clenow. Questions for Andreas, to follow. 14:35 - Moritz; Question One: Are you running any non-Trend Following, Systematic strategies? 16:09 - Moritz; Question Two: How do you Trade mean-reverting, negative-skew strategies? 20:41 - Jerry; Question One: Why do you say that Risk Per Trade is an unreliable indicator of risk? 28:00 - Jerry; Question Two: Do you use Vol-Targeting as a part of a Trend Following system? 31:18 - Jerry; Question Three: You have mentioned that Trend Following doesn’t work on stocks, what was the reasoning behind this? 40:59 - Niels; Question One: Do you consider all Trend Following signals as, essentially, the same thing? 44:13 - Niels; Question Two: Has the model featured in your 2011 book continued to do well over the last decade? 50:38 - Moritz; Question Three: How do you decide which markets you want to trade in a diversified Trend Following system, which is more than just stocks-only? 55:36 - Jerry; Question Four: Why not use Trend Following on stocks? 59:53 - Jerry; Question Five: Do you believe there is a lack of big trends in today’s markets? 1:05:31 - Niels; Question Three:  Do you prefer to always keep the same parameter combinations across all markets? 1:09:54 - Niels; Question Four: Would you remove markets from your Trading Universe that consistently lose money, or are you of the thought that you don’t know what the future holds? 1:11:38 - Niels; Question Five: What’s your preferred minimum amount of lookback period for a backtest, and do you weight recent data as more important than previous data? 1:20:47 - Jerry; Question Six:  Would you recommend to CTAs today to use a 40-year sample size for backtesting, or the last 10 or so years because it’s more relevant? 1:17:09 - Performance recap   Subscribe on:

This week, we touch on the difference a year makes, how good position sizing can reduce anxiety, the recent article from AQR by Cliff Asness,  why a meaningful allocation to Trend Following might be considered a must for any portfolio, the psychology of prediction, and some of the drawbacks of Trading from chart patterns.  Questions we cover this week include: Would CTAs want to publish their returns to investors less frequently?  Does history always ‘rhyme’? Is the Fibonacci sequence a reliable indicator?  How do you differentiate Trend Following from a typical Long Volatility strategy? If any listeners would like to leave us a voicemail message to play on the show, you can do so here. Learn more about the free-to-use Top Traders Unplugged Trend Barometer here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 and @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:37 - Macro recap from Niels 3:10 - Weekly review of returns 11:55  - Top tweets (starting with tweet about recent Cliff Asness article from AQR) 50:48 - Announcement of future podcast guest, Andreas Clenow, in January 2020 53:47 - Question 1: Mike; How would you differentiate Trend Following from a typical Long-Volatility strategy? 57:50 - Question 2 Drew; Does the strategy of buying into a Trend Following fund during its drawdowns count as a form of Value Investing, and therefore, hypocritical to Trend Following philosophy? 1:03:37 - Performance recap Subscribe on:

In this week’s episode, find out why investing in a strategy during a drawdown can be profitable in the long-run, why risk-adjusted performance is more important than tracking against an index,  why price is a better guide than expert opinion, if there is a time when you shouldn’t attempt to have uncorrelated securities in your portfolio, and the connections between Trading, statistics, & sports. If any listeners would like to leave us a voicemail message to play on the show, you can do so here. Learn more about the free-to-use Top Traders Unplugged Trend Barometer here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 and @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:21 - Macro recap from Niels 2:57 - Weekly review of returns 6:12  - Top tweets 50:48 - Announcement of podcast guest, Andreas Clenow, in January 2020 51:23 - Question 1: Drew; Should you enter a breakout trade based on an intra-day signal or end of day signal? 56:26 - Performance recap Subscribe on:

In episode 188 we welcome our guest, Andreas Clenow. Meb and Andreas start the conversation with a  hat on what hooked Andreas on trend following, and his book, Following the Trend. Andreas discusses running trend following as a portfolio strategy, not something that is optimal to run on a single market. He talks about some basic fundamentals of trend following, including the premise that it’s about taking a lot of bets on a large number of markets independently. Meb then asks Andreas to get into some detail about risk management and position sizing. Andreas defines the way he thinks about risk, and goes back and forth with Meb about the reality of return expectations and compounding. Meb follows by asking what has changed with his approach over the years. Andreas responds with the idea of realizing it’s about strategy and business, and the business has changed a lot. The conversation transitions into how trend following can fit into an investment portfolio. Andreas offers that the strategy can serve as a core building block of a larger portfolio. He talks about some of the environments where trend following has done particularly well, and the challenge with diversification in equities. As the conversation winds down, Meb asks about Andreas’ new book, Trading Evolved: Anyone can Build Killer Trading Strategies in Python. Andreas describes the book as a guide for readers to build backtests and strategies in the programming language, Python. All this and more in episode 188, including Andreas’s most memorable investment.

Every trader makes mistakes. But there are a number of things you can do to minimise those occasions. Andreas Clenow, chief investment officer at ACIES Asset Management, and Chris Beauchamp, IG's chief market analyst, share their thoughts on how to avoiding making mistakes. Solid preparation, sticking to a trading plan, keeping records and cutting losses quickly can make a big difference. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice.

Andreas Clenow jest głównym zarządzającym funduszami inwestycyjnymi (Chief Investment Officer) w Zurichu w Szwajcarii, portfelem o łącznej wartości kilkuset milionów dolarów amerykańskich. Metody ilościowe, oparte na algorytmach i matematyce są jego specjalnością. W ramach zarządzanego przez niego funduszu hedgingowego typu quant, przy pomocy tworzonych algorytmów handluje wieloma klasami aktywów rozlokowanych po całym świecie.W tym odcinku Andreas dzieli się swoim ogromnym doświadczeniem inwestycyjnym. W ciekawy sposób wyjaśnia dlaczego handel na rynkach finansowych prywatnym kapitałem nie jest optymalnym rozwiązaniem. Mówi o różnicach pomiędzy profesjonalistami, a amatorami w handlu instrumentami finansowymi. Szczegółowo i przystępnie przedstawia też dwie strategie, które opisał w swoich szeroko uznanych na świecie książkach.Jeśli matematyka czy statystyka nie są Twoimi mocnymi stronami, to nie martw się. Andreas udowadnia w swoich książkach, ze wiele jak mogłoby się wydawać skomplikowanych teorii, sprawia tylko takie wrażenie, a w rzeczywistości każdy może je przy odrobinie wysiłku bez kłopotu zrozumieć.Strona odcinka: https://systemtrader.pl/025

Andreas Clenow is a Chief Investment Officer located in Zurich, Switzerland, overseeing many investment strategies over a nine-figure asset base. In today’s interview, we focus mostly on his work within a quant hedge fund. We are covering many trading topics, including trend following strategies and equity momentum strategies. You can also find out why trading own money is not always the best option to do.Andreas is an author of international bestsellers titled Following the Trend and Stocks on the Move. These books present a quantitative approach to modelling the markets with extensive backtest results. You can also learn from the practitioner how hedge fund business looks from the inside.No worries if math or statistics is your Achilles’ heel. As Andreas says, scientific papers often are unnecessarily obfuscating the knowledge so that it’s not easily accessible to everyone. He proves it doesn’t have to be the case, explaining complex things, as we could think, in an easy way.

Andreas Clenow jest głównym zarządzającym funduszami inwestycyjnymi (Chief Investment Officer) w Zurichu w Szwajcarii, portfelem o łącznej wartości kilkuset milionów dolarów amerykańskich. Metody ilościowe, oparte na algorytmach i matematyce są jego specjalnością. W ramach zarządzanego przez niego funduszu hedgingowego typu quant, przy pomocy tworzonych algorytmów handluje wieloma klasami aktywów rozlokowanych po całym świecie.W tym odcinku Andreas dzieli się swoim ogromnym doświadczeniem inwestycyjnym. W ciekawy sposób wyjaśnia dlaczego handel na rynkach finansowych prywatnym kapitałem nie jest optymalnym rozwiązaniem. Mówi o różnicach pomiędzy profesjonalistami, a amatorami w handlu instrumentami finansowymi. Szczegółowo i przystępnie przedstawia też dwie strategie, które opisał w swoich szeroko uznanych na świecie książkach.Jeśli matematyka czy statystyka nie są Twoimi mocnymi stronami, to nie martw się. Andreas udowadnia w swoich książkach, ze wiele jak mogłoby się wydawać skomplikowanych teorii, sprawia tylko takie wrażenie, a w rzeczywistości każdy może je przy odrobinie wysiłku bez kłopotu zrozumieć.Strona odcinka: https://systemtrader.pl/025

Andreas Clenow is a Chief Investment Officer located in Zurich, Switzerland, overseeing many investment strategies over a nine-figure asset base. In today’s interview, we focus mostly on his work within a quant hedge fund. We are covering many trading topics, including trend following strategies and equity momentum strategies. You can also find out why trading own money is not always the best option to do.Andreas is an author of international bestsellers titled Following the Trend and Stocks on the Move. These books present a quantitative approach to modelling the markets with extensive backtest results. You can also learn from the practitioner how hedge fund business looks from the inside.No worries if math or statistics is your Achilles’ heel. As Andreas says, scientific papers often are unnecessarily obfuscating the knowledge so that it’s not easily accessible to everyone. He proves it doesn’t have to be the case, explaining complex things, as we could think, in an easy way.

Every trader makes mistakes. But there are a number of things you can do to minimise those occasions. Andreas Clenow, Chief Investment Officer at ACIES Asset Management, and Chris Beauchamp, IG's Chief Market Analyst, share their thoughts on how to avoiding making mistakes. Solid preparation, sticking to a trading plan, keeping records and cutting losses quickly can make a big difference. See acast.com/privacy for privacy and opt-out information.

¡Bienvenidos a un nuevo episodio de Trading System Podcast! En la entrevista de hoy tengo el placer de contar con Ramón Terol, de www.bolsaycartera.com. Además de como siempre, repasar los inicios y su llegada al trading algorítmico, Ramón nos habla de su operativa, orientada hacia la tranquilidad con operaciones de medio plazo. Hablarmos de sus sistemas y de cuáles son los pasos que camina para diseñarlos, sobre qué activos opera y porqué. Uno de los puntos más importantes de la entrevista es sobre los datos que utiliza para hacer el Backtest y evitar el sesgo de supervivencia. Este sesgo es fundamental evitarlo en sistemas de acciones puesto que puede alterar enormemente las estadísticas. Ramón tenía especial interés en hablar de algo muy importante y del que se tiene poco conocimiento en general: la confección de una cartera de sistemas. El usa un método con 3 pilares básicos: Mayor riesgo permitido, mayor volatilidad permitida y la correlación entre los sistemas. Finalmente valida la cartera con un test de Montecarlo. Si quieres saber más, en el audio está todo. Luego pasamos a su proyecto en internet, www.bolsaycartera.com, sobre cómo empezó y que ofrece. ¡No dudéis en pasaros! Para terminar, y como siempre, dos últimos consejos para todos los que están empezando. Autores Andreas Clenow: https://www.amazon.com/Andreas-Clenow/e/B008UQ6KGE Howard Bandy: https://www.amazon.com/Howard-B.-Bandy/e/B00MBDSZ3S/ref=sr_tc_2_0?qid=1485510892&sr=1-2-ent Oscar Cagigas: www.onda4.com

¡Bienvenidos a un nuevo episodio de Trading System Podcast! En la entrevista de hoy tengo el placer de contar con Ramón Terol, de www.bolsaycartera.com. Además de como siempre, repasar los inicios y su llegada al trading algorítmico, Ramón nos habla de su operativa, orientada hacia la tranquilidad con operaciones de medio plazo. Hablarmos de sus sistemas y de cuáles son los pasos que camina para diseñarlos, sobre qué activos opera y porqué. Uno de los puntos más importantes de la entrevista es sobre los datos que utiliza para hacer el Backtest y evitar el sesgo de supervivencia. Este sesgo es fundamental evitarlo en sistemas de acciones puesto que puede alterar enormemente las estadísticas. Ramón tenía especial interés en hablar de algo muy importante y del que se tiene poco conocimiento en general: la confección de una cartera de sistemas. El usa un método con 3 pilares básicos: Mayor riesgo permitido, mayor volatilidad permitida y la correlación entre los sistemas. Finalmente valida la cartera con un test de Montecarlo. Si quieres saber más, en el audio está todo. Luego pasamos a su proyecto en internet, www.bolsaycartera.com, sobre cómo empezó y que ofrece. ¡No dudéis en pasaros! Para terminar, y como siempre, dos últimos consejos para todos los que están empezando. Autores Andreas Clenow: https://www.amazon.com/Andreas-Clenow/e/B008UQ6KGE Howard Bandy: https://www.amazon.com/Howard-B.-Bandy/e/B00MBDSZ3S/ref=sr_tc_2_0?qid=1485510892&sr=1-2-ent Oscar Cagigas: www.onda4.com

In the podcast Andreas shares: How you target of 30% winners in a year and still win big Why long trend following is a viable trading strategy Why you don’t need to believe everything the “gurus” teach you How correlation can help your trading Full interviews & show notes: https://52traders.com/andreas-clenow/  

With his free time he runs a family office. 

"Never accept the old-style, blackbox explanation - always understand what is going on." - Andreas Clenow (Tweet) In our continued conversation with Andreas Clenow, we discuss the research and work that goes into making his trading model, how he deals with risk and drawdowns, and how he explains his models to potential investors. In this episode, we will dive into how clear and explainable a trading model should be, and what questions you should ask firms before investing in them. Thanks for listening and please welcome back Andreas Clenow. Subscribe on: In This Episode, You'll Learn: How Andreas does his research and what research he looks for in other firms "I very rarely invest in a manager I don’t know about beforehand." - Andreas Clenow (Tweet) Why a track record matters and how it matters How trend following has done over the last few years How he builds his own trading strategies "My experience is that if you combine too many things in one product it doesn’t make for a good product to sell." - Andreas Clenow (Tweet) What he does with position sizing and how important it is How he allocates risk on his different models What he does to measure the environment on trend following What he thinks about sector allocation and diversification "It’s also risky to look over firms that you are overly familiar with - you need to learn about multiple types of strategies and ideas." - Andreas Clenow (Tweet) The kinds of risk management that he uses in his model Where he uses stop losses and where he doesn’t How he talks to investors about drawdowns "The most important thing is that the investors understand what they are investing in - they should be as knowledgable as possible." - Andreas Clenow (Tweet) What questions investors should be asking him about his trading model How to detect if a manager’s strategy has stopped working Why people shouldn’t be scared of asking lots of questions "The strategy needs to be clear and explainable." - Andreas Clenow (Tweet) What motivates him to work on his job About the biggest failures of Andreas’ career Resources & Links Mentioned in this Episode: Market Wizards by Jack Schwager Trend Following with Managed Futures by Kathryn Kaminski Listen to our interview with Kathryn Kaminski here and here Dual Momentum Investing by Gary Antonacci Buy Andreas' books. Check out his website FollowingTheTrend.com. This episode was sponsored by Eurex Exchange: Connect with ACIES Asset Management: Visit the Website: www.ACIES-am.com Call ACIES: +41 44 868 41 11 E-Mail ACIES: info [at] acies-am.com Follow Andreas Clenow on Linkedin "Most people read too many trading books and too few programming books." - Andreas Clenow (Tweet)

"The simpler systems are usually the better ones." - Andreas Clenow (Tweet) Our guest today is a successful trader, businessman, and author. He is known for his books Following The Trend and Stocks on the Move, and after an impressive career at Reuters finance he moved on to ACIES Asset Management in Switzerland. In our conversation, we discuss trend following and the need to keep it simple, the mistakes that retail traders make, and how to start a new firm in this day and age. Thanks for listening and please welcome our guest Andreas Clenow. Subscribe on: In This Episode, You'll Learn: The many skill sets that Andreas has How he wrote the books that he is known for Why he has a large degree of flexibility with his firm and the capital they manage How he grew up in a small town in Sweden...with lots of cows! About the computer company that he started "The better you are at getting things done, the less they let you do it." - Andreas Clenow (Tweet) How he became head of the Reuters Development Team in Geneva for equities and commodities How he left the corporate world "Make yourself visible, and someone will find you." - Andreas Clenow (Tweet) How he started at ACIES What Andreas does when he is not working The books he has written about systematic trading strategies The value of simplicity What Andreas thinks about trend following "The number of actual trend followers is now quite small." - Andreas Clenow (Tweet) The issues with doing trend following on stocks How he got the freedom to write a book "Hopefully the way I explain it is new, but there are no secrets in my books." - Andreas Clenow (Tweet) What retail traders will get from his books Why managing your own money is a bad trade "The main mistake that retail traders do is that they take on risks that would get people fired in the hedge fund world." - Andreas Clenow (Tweet) What he thinks about technical analysis and how to define it What it takes to start a firm or trading business "If you’re managing other people’s money in addition to your own, you can think more long term." - Andreas Clenow (Tweet) Resources & Links Mentioned in this Episode: Listen to our episode with Jerry Parker recapping 2014. A Definition of ATR (Average True Range). Buy Andreas' books. Check out his website FollowingTheTrend.com. This episode was sponsored by Eurex Exchange: Connect with ACIES Asset Management: Visit the Website: www.ACIES-am.com Call ACIES: +41 44 868 41 11 E-Mail ACIES: info [at] acies-am.com Follow Andreas Clenow on Linkedin "It’s getting very strict and very expensive to comply with increasing regulatory requirements." - Andreas Clenow (Tweet)

Andreas Clenow is a hedge fund manager who specialises in developing and trading quantitative strategies across all asset classes. Before joining the hedge fund world by establishing his own hedge fund he maintained Global Head positions at Reuters and Equis International. He is the author of two books, the first being international best seller ‘Following the Trend’ and the second ‘Stocks on the Move’ has just been released. In this episode Andreas talks about trend following in stocks, why traditional approaches don't work and what you can do to account for this. We also talk about trading concepts, cash vs risk allocation, position rebalancing and building robust strategies. Topics discussed The origins of trend following and why a traditional trend following approach doesn't work on stocks Why it’s a bad idea to think in terms of cash allocation and the solution Position rebalancing, why, how and when How hedge funds look at position sizing compared to retail traders Why pyramiding positions doesn't make sense How to get a more realistic understanding of performance results than just a backtest report can provide How a random number generator can beat the mutual funds How to ensure you strategies are robust and not curve-fit Handling large losses or periods of drawdown The role of critical thinking in trading