Andrew Beer & Adam Butler - Attack of the Managed Futures Clones

Corey Hoffstein is joined by Andrew Beer and Adam Butler to delve into the intricacies of managed futures replication. The discussion covers market selection, rebalancing, and the challenges of factor and returns-based replication. They examine the impact of bond rallies, correlation structures, and the performance of replication strategies over time. The episode also explores top-down and bottom-up approaches, addressing risks and accuracy in replication. The importance of ETF structure and the trade-offs in managed futures construction are highlighted. The conversation simplifies managed futures for a younger audience and concludes with thoughts on diversification in the replication space.