Rafael Ortega: Using Return Stacking To Build an All-Terrain Portfolio

About this episode

Rafael Ortega discusses innovative portfolio strategies and the future of investment in a dynamic market.

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today’s dynamic markets. Topics Discussed Rafael Ortega’s journey from engineering to a transformative investment philosophy The evolution of the permanent portfolio strategy into a modern diversified approach Structural diversification and risk balancing using all-weather return stacking Customizing portfolio volatility through post-diversification leverage Overcoming operational and regulatory hurdles in Europe’s investment landscape The integration of trend following, carry, and other non-traditional diversifiers Communicating advanced diversification concepts to retail investors The future outlook for portable alpha and return stacking in an evolving regulatory framework

People in this episode

Host: Rodrigo Gordillo

Guest: Rafael Ortega

Topics covered

• return stacking
• portfolio management
• diversification
• risk balancing
• investment strategies
• regulatory challenges
• portable alpha

Keywords

• investment
• portfolio
• diversification
• risk management
• return stacking
• alpha
• trend following
• leverage
• regulatory hurdles

Mentioned in this episode

Organizations: Andbank Wealth Management, ReSolve Asset Management

Places: Spain

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