This week, we talk to two guests who have come up with an interesting approach that attacks the problem of lower future expected returns in a very different way. We talk to Corey Hoffstein of Newfound Research and Rodrigo Gordillo of Resolve Asset Management about their new paper, Return Stacking: Strategies For Overcoming a Low Return Environment. We discuss how the combination of prudent leverage and uncorrelated return streams can potentially add return to a portfolio without a substantial increase in risk.
We hope you enjoy the discussion.
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Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
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