ALO33: The Psychology Behind Better Asset Allocation ft. Aoifinn Devitt

In this episode, Alan Dunne speaks with Aoifinn Devitt about what it really means to build resilient portfolios in a world of shifting regimes and competing narratives. Drawing on experience across pensions, hedge fund advisory, and private wealth, Aoifinn reflects on how institutional lessons translate to individual investors. The conversation explores the role of diversification, the evolving case for private markets, and the limitations of labels such as hedge funds, factors, or alternative assets. Along the way, they discuss the behavioral traps that influence allocators, the challenges of manager selection, and why outcome based investing may offer a clearer framework for navigating uncertain markets.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Alan on Twitter.

Follow Aoifinn on LinkedIn.

Episode TimeStamps:

02:16 - Introducing Aoifinn Devitt and her background

03:14 - From corporate law to a career in finance

05:16 - Institutional vs private wealth portfolio construction

09:47 - How macro regimes influence asset allocation

12:53 - Rethinking the endowment model and private markets

15:32 - Private credit and diversification challenges

18:13 - Total portfolio approach vs traditional allocation

21:27 - Bonds, equities, and changing correlations

27:52 - Concentration risk and the dominance of mega cap stocks

37:33 - The evolving role of hedge f