ALO26: Managing a C$600 Billion State Pension Fund ft. Amy Flikerski
Podcast: Top Traders UnpluggedPublished On: Wed Oct 02 2024
Description: Amy Flikerski, Head of External Portfolio Management at CPP Investments - the C$600bn Canadian state pension fund - joins Alan Dunne in this episode to discuss allocating capital to emerging and established hedge funds. They delve into the evolution of the hedge fund industry from the perspective of an allocator and particularly how the growth of the large multi-manager multi-strats has impacted hedge fund allocating. Amy discusses the role of the External Manager Allocations in the context of CPP Investment’s overall portfolio and some of the key considerations from a top down and bottom up perspective when the portfolio is constructed. Amy also highlights how CPP Investments evaluates emerging managers, what makes a great hedge fund manager and also offers valuable advice for hedge fund managers when engaging with allocators. -----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.comAnd 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 Alan on Twitter.Follow Amy on LinkedIn.Episode TimeStamps: 03:02 - Introduction to Amy Flikerski08:02 - How they think about manager selection09:28 - How do they categorize their strategies?11:40 - How they assess their investment objective13:07 - How they manage risk14:29 - How the global macro environment affects them15:41 - How they manage a billion dollar portfolio17:11 - How the hedge fund industry have evolved19:13 - Is there a place for multi-manager pods?20:47 - A war for talent22:34 - How they approach internal vs external management26:34 - How is their team set up?28:48 - What are they looking for when assessing managers?30:54 - Making allocation to emerging managers33:10 - What characterize their managers?34:48 - Assessing the scalability of a strategy37:29 - What makes a good allocator39:23 - Advice for independant hedge funds41:40 - What types of early stage managers do they look out for?42:55 - How they approach their portfolio construction45:25 - How they manage fund constraints46:48 - What is their typical ticket size?47:31 - Reaching the right level of transparency49:46 - Characteristics of a succesful discretionary manager51:14 - Managing drawdowns52:56 - Their decision-making process55:58 - How they approach commodities57:33 - Advice for other managers01:00:18 - Advice for people coming into the industryCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about 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. Click Here2. Daily Trend Barometer and Market Score 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! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer
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