ALO05: Better than Alpha ft. Chris Schelling

<p>In this episode, Alan Dunne is joined by Chris Schelling, Chief Investment Strategist at Venturi Private Wealth and author of the book “Better Than Alpha”, to discuss asset allocation and how assets are managed in the private space vs institutional space, about disrupting the 60/40 model and formulating a new standard, the evolution of the industry over the years, the role of liquidity in asset allocation, the use of Alpha and Beta in investment, what it takes to be a skilled manager and the risk of manager selection.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p><strong>In this episode, we discuss:</strong></p><ul><li>How are assets managed in the private space vs institutional space</li><li>Biases in asset allocation and how to overcome them.</li><li>Using Alpha, Beta and other investment strategies</li><li>Due diligence and things to avoid in the process</li><li>The risks of manager selection and what it takes to be a good manager.</li></ul><br /><p>-----</p><p><br /></p><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Alan on <a href="https://twitter.com/alanjdunne" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>.</p><p>Follow Chris Schelling on <a href="https://www.linkedin.com/in/christopher-schelling/" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a> &amp; <a href="https://www.amazon.com/Better-than-Alpha-Capturing-Changing/dp/1264257651" rel="noopener noreferrer" target="_blank"><strong>read his book</strong></a>.</p><p><strong>Episode TimeStamps: </strong></p><p><strong>00:00 </strong>- Intro</p><p><strong>03:23</strong> <strong>-</strong> About Chris’s background and his role at Venturi</p><p><strong>12:45</strong> <strong>-</strong> Disrupting the 60/40 model and formulating a new standard</p><p><strong>17:54</strong> <strong>-</strong> How the industry has evolved over the years</p><p><strong>21:56</strong> <strong>-</strong> Is private equity less risky?</p><p><strong>23:43</strong> <strong>-</strong> Is liquidity being more or less valued as it should be?</p><p><strong>27:39</strong> <strong>-</strong> Alpha, Beta and mapping strategies into categories</p><p><strong>32:37</strong> <strong>-</strong> Dispersion and persistence of returns</p><p><strong>36:30</strong> <strong>-</strong> How to set objectives and make decisions</p><p><strong>40:14</strong> <strong>-</strong> Overcoming biases</p><p><strong>44:20</strong> <strong>-</strong> Dealing with randomness</p><p><strong>47:33</strong> <strong>-</strong> Important skills managers need to have</p><p><strong>54:29 -</strong> Timeframe for analysing a manager’s performance</p><p><strong>57:46 -</strong> Things to avoid in the due diligence process</p><p><strong>01:00:14</strong> <strong>-</strong> Risks within manager selection</p><p><strong>01:03:00</strong> <strong>-</strong> How much experience do you need?</p><p><strong>01:05:09 -</strong> Advice for working with asset allocation and manager selection</p><p><strong>01:06:12</strong> <strong>-</strong> Book recommendations</p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. Daily Trend Barometer and Market Score </strong></p><p>One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>3. 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