Brendan Holt Dunn is the CEO of Holden. He discusses the performance and macroeconomic lack of correlation of Holden's proprietary algorithmic sports betting fund.
“So it averages around 15 to 22% a year. What's great about it, it's uncorrelated to anything happens in the world, like interest rates go up and we're still doing well. You know, Ukraine war hits. We're still doing well. You know, there's the risk of the, you know, it's over now. The U S debt default doesn't impact this because people always still gamble. They always still bet.”
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More from Brendan Holt Dunn
Opinion
Dunn: Personal relationships in wealth management will never disappear to AI
“Maybe there's an allocation that you have to a computer generated quant fund. I can always see that working, but in terms of having that personal relationship, I don't think that's ever going to disappear.”
Brendan Holt DunnJun 27, 2023▶ 34:16Our Family's Money Goes In First - Here's Why That Changes Everything
Insight
Dunn: Asset managers without personal exposure risk fees, not personal wealth
“Most independent asset management firms, you know, they might be managing a lot of money, but that money is not theirs. It's just client money. So they might lose 20% on a position, and it'll hurt their management fees, it'll hurt their performance fees, but m…”
Brendan Holt DunnJun 27, 2023▶ 3:36Our Family's Money Goes In First - Here's Why That Changes Everything
Insight
Dunn: Family offices must support individual passions over forced succession
“The whole goal of a family office is really to support, nurture, and grow, The family members, right? And support them in whatever their passion may like, because they'll, they're going to be successful. Can't really force people into something like into this …”
Brendan Holt DunnJun 27, 2023▶ 5:26Our Family's Money Goes In First - Here's Why That Changes Everything
AssertionNot checkable as stated
Dunn: Holden equity portfolios beat benchmarks by 2% for 33 years
“So we have a track record of, I believe it's 33 or 34 years now of outperforming the U S index. Or the Canadian index because we keep us portfolio separate from the Canadian because different currencies, but both portfolios have outperformed their market bench…”
Brendan Holt DunnJun 27, 2023▶ 11:35Our Family's Money Goes In First - Here's Why That Changes Everything
Disclosure
Dunn: Holden will never scale beyond knowing every client personally
“We would never want to be big and so big where. I don't know who you are. I don't know where you live. I don't know about your family. And you just feel like you're just a number at a bank. That's not the way we operate.”
Brendan Holt DunnJun 27, 2023▶ 20:45Our Family's Money Goes In First - Here's Why That Changes Everything
Insight
Dunn: Managing a $500K client takes same work as $15M client
“Managing a 500,000 dollar client is the same amount of work as a 10 or fifteen million dollar client, right?”
Brendan Holt DunnJun 27, 2023▶ 23:11Our Family's Money Goes In First - Here's Why That Changes Everything
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