Andrew Beer
The Disruptor
Contrarian and drawn to the edge; challenges the settled answer.
Andrew Beer reads as The Disruptor because his critique carries insider weight. Decades inside the hedge fund world preceded his systematic dismantling of its value proposition at Dynamic Beta Investments. His replication thesis is not contrarian posturing, he quantifies the failure, point eight correlations against two to three percent returns, then engineers the cheaper alternative. Tellingly, he launches only where he holds eighty percent conviction he can beat the incumbents, discipline sharpening the demolition.
“I've also been an enormous critic of this broad industry built up around liquid alternative products. These strategies on average have correlations often around point eight to equities, and they've delivered two to three percent per annum.”
“We're basically saying we like what hedge funds do but we can beat them by copying them cheaply in a liquid fashion. I've only launched strategies where I've been eighty percent confident I could beat hedge funds at their own game.”
“The structure of the traditional asset management business from a returns perspective is deeply, deeply flawed. Low cost index products have done better. The product development and sales across the industry is equally flawed.”
Masters in Business: “At The Money: Diversifying with Managed Futures ETFs”
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