SI352: Trend Systems Under Strain ft. Nick Baltas

Nick Baltas is back with Niels for a conversation that sits at the intersection of technology, uncertainty, and discipline. As AI-generated data floods the system and market reversals grow sharper, the challenge isn’t just strategy design — it’s deciding what still counts as signal. They explore how systematic managers are rethinking volatility targets, why certain constraints persist in institutional portfolios, and what recent underperformance may actually be revealing. This episode is less about solutions than about orientation: how to stay aligned when the tools evolve faster than the terrain, and when conviction must coexist with doubt. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website. IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here. Learn more about the Trend Barometer here. Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Nick on Twitter. Episode TimeStamps: 00:01 - Introduction to Systematic Investing 02:11 - The Impact of AI and Machine Learning on Data Analysis 07:05 - The Impact of AI on Education and Examination Policies 12:06 - Transitioning Perspectives on Democracy and Markets 21:49 - Dynamic Volatility Targeting in Portfolio Management 24:24 - Exploring Volatility and Leverage 29:50 - Understanding Investor Behavior and Market Dynamics 36:29 - Exploring Investment Constraints and Strategies 45:04 - Rethinking Investment Constraints 49:36 - Strategic Allocations and Market Timing 56:11 - Market Dynamics and Trend Following 01:00:09 - The Evolution of Systematic Investing Copyright © 2024 – CMC AG – All Rights...