Here is an update from a tail risk fund called Mutiny Fund.
https://docsend.com/view/fw72c6nzpr4u54y2
I really liked talking to one of their principles but in the end I decided there were just too many moving parts for me.
THE ALLEGORY OF THE HAWK AND SERPENT
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Re: THE ALLEGORY OF THE HAWK AND SERPENT
One red flag, for me at least - I was listening to interview with Chris Cole (Maybe MacroVoices) but they said something to the effect that they were not going to ask him about the commodity trend part of the portfolio because that was not his area of expertise - IE He could not answer the questions.pmward wrote: ↑Wed Apr 29, 2020 2:36 pmYeah, but for the reasons he was including CTA in the dragon portfolio, Dunn is a better fit than just equity only trend. Dunn is much better diversified, and in a stagflationary environment would out perform stock only trend.ochotona wrote: ↑Wed Apr 29, 2020 1:37 pmI've done the high-level task of requesting monthly returns from Dunn, importing them into PortfolioViz when you could do it for free, and doing the CAGR, Drawdown, Sharpe and Sortino ratios. And Dunn Capital's Macro fund was still worse than equity trendfollowing plus HBPP which you can do yourself
I used to be in Windhaven at Schwab. HBPP beats it handily. Nice prospectus, though.
It's just really hard to beat the basic DNA of the HBPP.
And yes, I agree about the PP. It's a very resilient portfolio that is so much simpler to implement than something like the dragon portfolio. There's a reason why my "core" holdings (aka "the money I can't afford to lose") is chilling in a PP.
Re: THE ALLEGORY OF THE HAWK AND SERPENT
FYI, I only slightly trailed the Artemis Vega Fund for 2020, and my drawdown measured from end of Jan to end of Mar was -3.5%. I only compile portfolio values monthly.
Re: THE ALLEGORY OF THE HAWK AND SERPENT
I am up a good bit as well in the range of 25 percent - but I think my drawdown was heavier. I’ll add the numbers in a bit. I think my drawdown was a little heavier because my allocation more closely resembled a GB.
I am now approx 30 gold 30 stocks 20 LTT (which frighten me) and 20 cash (which worries me).
I am now approx 30 gold 30 stocks 20 LTT (which frighten me) and 20 cash (which worries me).