In conversation with Bob Elliott, CEO, CIO and Co-founder, Unlimited.

Bob was formerly at Bridgewater Associates, where he spent a decade building the research team, which he headed up, working closely with Ray Dalio. He was also a member of the Investment Committee.

In 2022, Bob co-founded Unlimited with Bruce McNevin, Professor of Economics, New York University.

Unlimited uses machine learning to create low-cost index replications of 2&20 style alternative investments. Its first product, $HFND ETF, was the fastest growing independent active ETF launch of 2022.

In 2023, Unlimited launched its Agile strategy, which shares many of the same desirable features of a multi-manager fund but with lower costs and better liquidity terms.

As any smart macro investor knows, finding one’s edge in the market and getting investments right more than wrong, consistently over time, is crucial.

As Bob points out in this episode: “The humility to diversify is probably the biggest investment lesson that I’ve had.”

Bob has a great story. I hope you enjoy the episode!