OI08: Trend Following...Austrian Style ft. Michael Neubauer & Joseph Waldstein from SMN

In this episode, Moritz Seibert speaks with Michael Neubauer and Joseph Waldstein from SMN Investment Services, a Vienna, Austria-based systematic trend following manager with a 28-year track record. Michael and Joseph explain how they initially got interested in trend following and how their systems have evolved over the years. Moreover, the discuss why trading many different markets – as many as possible – is important for their approach, and that the inclusion of synthetic markets such as spreads and baskets as well as less liquid exotic/alternative markets improves SMN’s risk-adjusted returns. Last but not least, Michael and Joseph explain why they trade VIX futures and why this is a market they trade with a different methodology given the mean-reversion pattern of variance, and how they are monitoring this market – and potentially exiting open positions - on an hourly basis. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here: www.toptradersunplugged.com/Ultimate And you can get a free copy of my latest book "Ten Reasons to Add Trend Following to Your Portfolio" here: www.toptradersunplugged.com/10-reasons-optin Send your questions to [email protected] Follow Niels & Moritz on Twitter: @TopTradersLive & @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes, Spotify or Amazon so more people can discover the podcast.