Shows
The DerivativeA Philly Alts Steak: Talking Commodities, Stacking, and Systematic with Auspice, Newfound & CampbellPhiladelphia is renowned for various iconic symbols, including the Liberty Bell, Rocky Balboa, the famous Philly cheesesteak, and, most recently, RCM's Live Panel Discussion "Is 60/40 Dead? Can Alternatives Fill the Void?" This engaging panel discussion features industry leaders Tim Pickering, Corey Hoffstein, and Brian Meloon, with the insightful Kevin Davitt giving an insightful intro. It was so compelling that we decided to turn it into an episode of the Derivative podcast.
We kick off our discussion by diving into the rapidly evolving landscape of the index options market and the financial industry as a whole. Explore the...2023-09-281h 17The DerivativePortfolios of Power Futures with AMPD ETF’s Tim KramerIs electricity a commodity? If not, why not? If so, how do you get exposure with the demand for electricity set to possibly outstrip the world's forthcoming technological advancements. Join us on a high energy episode of The Derivative by RCM Alternatives for an in-depth exploration of "Electrifying America" with Timothy Kramer, a seasoned energy and power trader and CEO of CNIC Funds – the group behind the AMPD electricity ETF. In this stimulating conversation, Kramer sheds light on the difficulties of accessing the power market, why electricity should be part of any inflation-protecting commodity investments, and what the overall lands...2023-08-311h 00The DerivativeWhy Systematic? Why CTA? Why Now? A panel event with Mercer, Campbell, EMC Capital, & ResolveWhy Systematic? Why CTA? Why Now? These are common questions on the minds of many professionals in the Managed Futures field. On this episode of the Derivative podcast, host Jeff Malec takes on a unique role as a featured guest on a panel recently hosted by RCM Alternatives in Chicago alongside Cohen & Company and Mercer.
While Jeff is usually the one leading the discussions, this time, he gets the opportunity to be a participant alongside other industry experts. Together, they delve deep into the inner workings of various trading models. The main focus of the discussion is...2023-07-271h 11The DerivativeThe Conscientious Culture behind Risk Control with Kapil Rastogi of PlusPlusAs investors and traders, we all strive for success in the markets. But what sets the best apart from the rest? According to Kapil Rastogi, the President and co-founder of PlusPlus Capital Management, it's all about having the right culture. Ranking among the best in the industry in RCM’s semi-annual rankings report for best risk control certainly doesn’t hurt either.
In this episode of The Derivative, Kapil shares his insights on a range of topics, including his personal journey to becoming an investor and trader, how compensation structure and successful backtesting can be at odds, and h...2023-03-231h 18The DerivativeWhat the hell is going on in logistics and is there any relief in sight? with Woodson DunavantThis week on the Derivative we're doing it a little differently sharing our platforms with RCM's Agriculture podcast, The Hedged Edge. The Hedged Edge is back online with a guest who could be it's podcast's most important guest of all time. At a time when inflation is running rampant through the world economy, drought conditions are drying up our rivers, and the global supply of grain is scarce. We are tasked with the question, "what the hell is going on in logistics, and is there any relief in sight?"
To help address these questions and more, Jeff Eiz...2022-11-1735 minThe DerivativeGetting Long Skew in Short (term) trading models, with Quest Partner's President, Michael HarrisJeff loves it when he sits across from someone who, like him, has been in the niche-managed futures part of the investment world for their entire career. There’s not all that many of them, and today's guest, Michael Harris(@mikeharris410) fits the bill. Michael's unique backstory began within the Sales and Product Development group at Morgan Stanley Managed Futures in 1997, continued as European trader and eventual President of managed futures behemoth Campbell & Co., overlapped with time on the board of the Managed Funds Association, and continues today where he currently resides as Quest Partner's President.
Michael and...2022-11-031h 21The DerivativeCotton the Canary, Why it’s a leading indicator, and how it’s traded with Ron LawsonAre the Fed’s hikes starting to dampen inflation? Oil, grains, and metals have all fallen from their highs. But the rarely spoken of Cotton market was one of the first to crack…falling from 1.58/lb to 0.95/lb in just a few short days. We're digging into this sharp drop and just why and how Cotton is involved in seemingly everything with RCM's very own cotton king, LOGIC Advisors Ron Lawson.
In this episode, Ron is giving us the low down on how and why he believes it’s not Dr. Copper which acts as the global econom...2022-07-071h 24
The Hedged EdgeLinking U.S. Agriculture To The World With Maria Dorsett of USDARCM Ag Services is putting a unique spin on National Agriculture Day by going international. That's right, we're jumping right into international waters with Maria Dorsett from USDA's Foreign Agriculture Services for an interesting discussion about linking U.S. agriculture to the rest of the world.Each year, March 22 represents a special day to increase public awareness of the U.S.'s agricultural role in society, so why not take it one step further by bringing in a global component? As the world population soars, there's an even greater demand for producing food, fiber, and renewable resources...2022-03-2236 min
The DerivativeVol Persistence, The Unholy Trinity of Risk, and the (100 yr) Dragon Portfolio for our 100th episode with Chris ColePicture this...Downtown Chicago...December 2019 B.C. (Before COVID)...The RCM crew is venturing out to a small studio ready to record the first episode of The Derivative, with no video or clue what we were doing! Who would have thought we would be crossing the 100th episode mark just two short years later!?
And, we couldn't celebrate this special milestone without a one-of-kind guest. Chris Cole, founder and CIO of Artemis Capital Management, is taking it up 100%, as he tells us about his very own journey within the industry. From his days of convincing people that...2022-03-101h 31
Revenue Cycle Management Best Practices/How to'sSeason 2 RCM- Patient EligibilitySeason 2 RCM- Patient Eligibility Sit back as we head into the next topic of patient eligibility. if done wrong this can disrupt your entire medical practice revenue cycle process. --- Send in a voice message: https://anchor.fm/el-medical-billing/message2022-03-0707 minThe Hedged EdgeWhat’s Driving the Grain Markets Heading into 2022?The 2021 U.S. grain crop has the potential to be one of the largest on record. Where did all the yield come from, what areas were the hardest hit, and why on God's green earth are grain prices still so high?Today, we are joined by several RCM Ag Services grain markets experts from around the country to catch up on a post-harvest update and share an outlook for production and marketing in each of their respective regions for the remainder of the 2021 marketing season and the upcoming 22 crops.Check us out at www.rcmagservices...2021-12-2736 min
RCM Ciencia y SaludControl y sistema de vigilancia de Rabia / Tecnología veterinaria (210922)Conoce sobre la prevención del contagio del virus y el Sistema de Vigilancia de Rabia en Puerto Rico con miembros del Departamento de Salud de Puerto Rico y del Recinto de Ciencias Médicas (RCM). El médico veterinario, Dr. Carlos Carazo, la Sra. Wilma Rivera Díaz, Directora de la Oficina Estatal para el Control de Animales, el epidemiólogo Juan José de Jesús y Luis Javier Santiago, catedrático del Programa de Tecnología Veterinaria del RCM nos orientan sobre los síntomas de este virus endémico mortal, la importancia de la prevención mediante la...2021-10-2754 minThe Hedged EdgeCracking The Cotton Commodities Code With Ron LawsonThe Hedged Edge is back, and we're jumping into the thick of the commodity markets with RCM’s own King of Cotton – Ron Lawson. Cotton prices have exploded since the COVID crash, rising more than 236% from the March 2020 lows. While prices have backed off from the October 8th high, cotton is one of the purest supply + demand-driven markets around the world and has caught fire along with the global inflation bug currently running rampant across many commodity markets.Will it be hedge fund influence in cotton that costs consumers more this Holiday season or will the continued logi...2021-10-2735 minThe DerivativeWeigh More than You Wanted to Know About Meat, with AgriTrend’s Simon QuiltyIn this week's pod, we're doing something new and digging into the derivative market's Ag roots in our first "Way more than you need to Know" series, starting with the Global Meat Markets. Joining us today discussing all things Meat in the world is Simon Quilty, from Melbourne, Australia, and also RCM's very own Jeff Eizenberg, who handles all things Ag, including hosting the Hedged Edge podcast where they talk grown in the ground commodities once a month. Today we get an overview of the Global meat market: Beef, Poultry, and Pork, the main players and the main concerns...2021-10-141h 18The DerivativeResearching the Risks of Return Stacking with Corey Hoffstein & Rodrigo GordilloJeff is “stacking” two guests in this episode, welcoming 1. Corey Hoffstein, CIO and co-founder of Newfound Research, host of Flirting with Models Podcast, and co-conspirator on the Pirates of Finance YouTube channel; and 2. Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management and host of the Resolve Riffs Friday live stream. They’re talking about their new research paper: “Return Stacking: Strategies for Overcoming a Low Return Environment,” which takes a novel approach to solving a few problems. Such as: How do you endure the ‘line item risk’ of an alternatives allocation? How do you participate in the upside of an i...2021-09-161h 30The DerivativeCharting a Chinese Commodities Course with Fred Schutzman of Abingdon GlobalWhat do you do when trends stop appearing for the quarter of a billion dollars you manage? Where do you go to find markets like the ‘good old days’ for trend following? Our guest for this episode, Abingdon Global’s Fred Schutzman is in a unique position to answer those questions – and much more!
Listen to Fred share his background being a Chartist, working at CRB, why technical analysts have holes in their shoes, how easy it seemed to find successful trend models 20 years ago, the rise and fall of Briarwood, sleepless nights with a quarter of a billio...2021-08-191h 31
The Hedged EdgeManaging Today’s Market Risks through Short Dated Options with CME GroupIt is no secret that commodity markets have been on fire over the past 12 months. On today’s podcast we’ve brought on one of our real-life firefighters from RCM Ag – Jody Lawrence along with Tim Andriesen from the CME Group to provide us with some inside baseball knowledge of the current state of the agriculture markets and to discuss the real-world application of the use of short-dated options to potentially fight the current blaze of volatility surrounding agriculture markets.As the director Research for RCM Jody is no stranger to the podcast. Tim is the Managing Director...2021-07-2738 min
RCM Ciencia y SaludJugar para mejorar relaciones con los niños / la Vacuna de VIH y el proyecto MOSAICO (210616)Nos acompaña la doctora Rosa Román, terapista ocupacional y facultad de la Escuela de Profesiones de la Salud del RCM, para hablar sobre el juego como herramienta esencial para mejorar la relación con los niños, facilitar su desarrollo cognitivo, motor y fisiológico, así como para la reducción de estresores de los niños, padres y cuidadores en escenarios como la pandemia del COVID-19. Además, conversamos sobre el Estudio MOSAICO con la Dra. Irma Febo, Pediatra especialista en VIH, y con el Sr. René Martí, Reclutador de la propuesta y Gerente de Acercamiento Comunitario...2021-07-0858 minRCM Ciencia y SaludVacunas contra el COVID-19, Violencia de género y violencia doméstica (210505)La Dra. Arelis Febres, Infectóloga de la Escuela de Medicina de RCM, ofrece información pertinente sobre la seguridad de las vacunas contra el COVID-19. Además, la Dra. Edna Pacheco- Acosta, Directora del Centro Mujer y Salud y Coordinadora del programa Titulo IX en el RCM, invita a aprender a identificar situaciones de violencia de género, particularmente violencia doméstica. Conoce las causas, manifestaciones y recursos que existen en Puerto Rico sobre este problema de salud pública.__Catedráticos del Recinto de Ciencias Médicas de la Universidad de Puerto Rico y expert...2021-07-0657 minRCM Ciencia y SaludMes de concienciación sobre la agresión sexual (210414)En el mes de concienciación sobre la agresión sexual, conversamos con la Dra. Yiselly M. Vázquez Guzmán, directora asociada el Centro Mujer y Salud del RCM, sobre la misión, funciones y programas del Centro. Además, conversamos sobre otro tipo de violencia; el maltrato infantil. Conoce sobre la coordinación de servicios integrados, interdisciplinarios e interagencial para víctimas y cuidadores con la Dra. Brenda Mirabal, Pediatra Especialista en maltrato, y la Dra. Yanira Carmona Quiñones, directora del Programa Biopsicosocial del RCM, y sobre el Centro de Servicios Integrados a Menores Víctima de Abuso S...2021-07-0657 minThe DerivativeTis This Inflation Transitory with CME Group Economist Erik NorlandThere’s a new word in the financial lexicon. Transitory. And it all has to do with whether recent moves higher in prices of everything from lumber to copper to labor are the first signs of 1970s type inflation, or….as the Fed believes, is just “transitory” and will work itself out once the pandemic is over. We’re sitting down with Executive Director and Senior Economist of CME Group, Erik Norland, to discuss just what he sees in the commodity space, including a first for our pod – charts during the video portion!
Erik dishes on his background...2021-06-241h 16The DerivativeSowing the Seeds of AI Strategies with Howard Siow of Taaffeite Capital ManagementArtificial Intelligence is a hot topic in every walk of life, and perhaps no more so than in the world of hedge funds and alternative investments. Howard Siow, Founding Principal and CEO at Taaffeite Capital, joins The Derivative to discuss how AI is used in the hedge fund world, and how everyone wants AI to predict every move in the market, but that’s not actually what AI does well. Howard talks how AI can be used as an incremental change agent, chicken farming, being a venture capitalist, the effect of human biases, the dirty little secret holding AI ba...2021-06-171h 22The DerivativeTurning the Tables: Trading Pits and Dip Spits with RCM’s Jeff MalecToday’s guest is one you’ve heard many times before if you’ve listened to The Derivative, but may not necessarily know all that well. He’s and alts/managed futures veteran, having started his career in Chicago’s famed trading pits, founded a futures investment firm, and continued on to become a partner at RCM Alternatives. ,And, of course, when not doing his day job, steps in as the dynamic host of our podcast. We’re talking Jeff Malec. We thought today’s podcast would be a great opportunity to get him from behind the host side of the mic to t...2021-04-291h 13The DerivativeA Crude Oil Cornucopia: Covid, Crack, CSOs & Contango with Brent Belote of Cayler CapitalCOVID affected a lot of ways that we interacted with the world – it changed how we worked, how we socialized, how we entertained ourselves….and if you’ve been tuned into the markets over the past year, it also changed our expectations on how in the world Oil prices could have ever gone NEGATIVE. Last year this time we put out our “Crude Oil Goes Negative…WTF ^%$#?! Pod” and were talking with veteran trader Brent Belote about the sticky situation. In today’s episode, we brought Brent back on to take a walk down memory lane about how last year really ha...2021-04-221h 16The DerivativeYep, She's Opening Up Option Eyes with NOPE It's Lily*We apologize for potential audio issues with this episode – please see the transcript HERE or go to the episode blog on rcmalts.com to download.*
NOPE - we’re not just going to be talking to our typical vol guest. NOPE – we’re not going over the usual trend following or strategy. NOPE we definitely (did) find today’s guest off of VolTwit. @nope_it’s_lily is Head Researcher at Salience Capital and the creator of NOPE (Net Options Pricing Effect), a proprietary metric used to measure the notional impact of options hedging on underlying liquidity. In addition...2021-04-151h 02The DerivativeAsian Markets, American Investments, & Accessing (Chinese) Futures with Alvin Fan of OPIMWe’ve said it before and we’ll say it again – the opportunities in the Asian investment landscape are nuanced, emerging, and incredibly attractive. But on top of the excitement around the opportunities, there’s also gated access and a general list of unknowns that can make investors think twice; so, in this episode we’re joined by Alvin Fan, CEO of OPIM to check off the list of questions and give you more clarity on investing in the Asian markets.
Today, Alvin is giving you the inside scoop on OPIM, alternative investment demand, health hacks, manager standpoints...2021-04-081h 29The Hedged EdgeMastering the Grain Markets with the Grain Market Master Elaine KubIf you’ve taken an ag econ class, been in the industry on the producer or investor side, or just have a general interest in the ag space, there’s a good chance that you’ve come across Mastering the Grain Markets by Elaine Kub. It’s the perfect intro to understanding ways that could help you make money trading grain, and we’re lucky to be joined by the author herself to talk about her books, designer contracts, crop opportunities, market outlook, what the next “game changers” in the ag business are going to be and more.Follow Elain...2021-04-0738 minThe Hedged EdgeMarch 2021 Quarterly Stocks and Planting Intentions ReportThe USDA came out with a bullish report???!!!! It’s fair to say that many in the industry (us included) were left speechless. We know that 2020 was a crazy ride for commodities, but it looks like we may be in for an even WILDER ride on the opposite end for 2021. To discuss this bullish report, we’re joined by our two favorite RCM Ag Services Cotton and Grain experts to discuss how this recent report is bound to affect the markets/insurance premiums/loan opportunities and much more in the coming months.And last but not least, don...2021-04-0235 minThe DerivativeeSports, ETFs, and Enormous Deals with the Sports Pomp, Joe PomplianoThe world of sports and finance have continually meshed together – and the Covid-19 pandemic has fast tracked that even further. Between the growth of analytics, to financiers making their way into the pro sports arena, I think we’re past a future where these two worlds will ever depart. Today’s guest is the culmination of these two worlds in one with the background (and family name) to prove it. Joe Pompliano, founder of Huddle Up – a daily newsletter breaking down the business and money behind sports – has joined us on The Derivative to talk about just that. We’re talking w...2021-04-011h 26The DerivativeMaking Market Music with Roy Niederhoffer with Roy NiederhofferHow many families have two brothers who’ve been in the hedge fund game for 30+ years, much less on polar opposites of the long vol/short vol spectrum. We’re talking with the volatility loving, positive skew seeking brother in our episode today, Roy Niederhoffer. Roy is the founder and President of the eponymous R. G. Niederhoffer Capital Management, which has been coding, trading, analyzing, and investing in futures markets since before most of us had a future. We’re talking with Roy about 100-screen backdrops, delivering what’s best for the whole portfolio, not just the fund manager, crisis p...2021-03-251h 17The DerivativeModeling Markets and Accessing AI with Robert Rotella and Jag PrakasamWhen you hear news about artificial intelligence (AI), it might be easy to assume it has nothing to do with you. But if you use face recognition on your phone? Check. Google auto-fills your search bar? Check. And increasingly – the asset manager you may have managing your money is using some combination of machine learning and AI. Today’s guests were early adopters of that tech and applying it to trading algorithms. Jagdeesh Prakasam, Chief Executive Officer and Robert Rotella, Founder & Chairman of Rotella Capital Management have been in the game for a combined 50+ years. Today we’ll be gettin...2021-03-181h 39The DerivativeTaming the Tails with LongTail Alpha’s Vineer BhansaliForget fat tails, left tails, even tall tales. We’re going into extracting value from long tails of the distribution on the pod in this episode. Vineer Bhansali is a 29-year industry veteran, previously at PIMCO, a Forbes columnist, author of four books on finance, and is currently the founder and CEO of longtail alpha. In today’s episode, we’re talking with Vineer about abstract physics = finance, what constitutes a tail event, negative yielding debt, identifying outlier risks, option-based trend following framework, bond temper tantrums, the start (& current work) of LongTail Alpha, is it the monetization is getting quicke...2021-03-111h 18RCM Ciencia y SaludEl proceso de vacunación para COVID-19 en Puerto Rico (210224)La vacunación, el proceso de establecer centros de vacunación, como dispensar esta vacuna, la seguridad en personas con comorbilidades de salud, con alergias, ¿Debo tomar analgésicos antes o después?? ¿Luego de vacunarme ya no me va a dar COVID soy inmune? Esta y muchas otras preguntas que ustedes nos hacen serán contestadas hoy en este su programa RCM, Ciencia y salud. Con la participación de los catedráticos del Recinto de Ciencias Médicas (RCM) de la Universidad de Puerto Rico (UPR): la Dra. Suane Sánchez, doctora en Educación y Decana de la Escuel...2021-03-0758 minThe DerivativeCrazy Commodity Cycles (and cross-continent motorcycles) with Jim RogersThe king of Commodities has entered The Derivative ring. You know his name, you’ve read his books, you’ve probably utilized his index, and now you’re listening to him in this most recent podcast episode. Jim Rogers is an American investor and financial commentator and was there at the start of the Quantum Fund and Soros Fund Management. In today’s episode, we’re talking with Jim about peanut sales, commodity supercycles, global debt reset, creation of the RICI, reweighting for renewables, commodities vs commodity companies, Jim’s ability to identify the next world trend, Guinness Book of World Reco...2021-03-041h 16The DerivativeThe VOLvengers: Wayne Himelsein (Iron Man) & Mike Green (Captain America)We’re bringing out the cake & ice cream for this pod because it’s The Derivative’s 1 year anniversary! If you’ve been with us since the beginning – you may fondly remember our inaugural episode The Human Behind The Hedge Fund with Wayne Himelsein.
So, in today’s episode, we brought back Wayne, President and Chief Investment Officer at Logica Capital Advisers, and as a special anniversary bonus – his business partner Michael Green, Chief Strategist at Logica. We’re talking with Mike and Wayne about running a hedge fund and helping clients through the trials and tribulations of 2020, the “two...2021-02-251h 21The Hedged Edge2021 Ag Markets Outlook Part II: MeatsIn part II of our 2021 Outlook, we’re joined by RCM Ag Services’ Meat experts Kevin Bost and Tom Chavez to talk about the meat markets in the year to come.Check out Part I hereDon't forget to subscribe to The Hedged Edge on your preferred platform, and follow us on Twitter, LinkedIn, and Facebook.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the...2021-02-1953 minThe Hedged Edge2021 Ag Markets Outlook Part I: Cotton & Grains2020 was a notably difficult year for commodities – oil went negative, coronavirus halted trade and decreased demand, and overall turmoil in the markets sent investors fleeing. Though the first quarter was rough, commodities did their best to rally in the last three quarters of the year and did so as well as they could. So, what of 2021? Are we going to see major rallies in the grain markets with dry weather and Chinese consumption? What about the cotton markets? Are we looking for a steady year or will cotton continue to trend down?In Part I, we’re join...2021-02-191h 04The DerivativePlaying like a Poker Pro in Life/Investments/Career with Chris SparksTalking this week with Poker Pro Chris Sparks on everything from game strategy to deciphering A.I. capabilities and catching bots. With Founder, CEO, and Performance Coach of The Forcing Function we’re taking it back to the beginning where we dive in with Chris about an interesting online alias “GoMuckYourself”, grabbing seats at poker tables in Vegas, exploring his latest paper “Play to Win: Meta – Skills in High Stakes Poker” and using behavioral science and system thinking to lead a new generation in the game and the investing world with Peak Performance Architecture.
Chapters:2021-02-191h 32RCM Ciencia y SaludAportación de la academia RCM y peculiaridades del COVID-19 (210127)La Dra. Elba Díaz, Catedrática de la Escuela de Medicina Dental conversa con el Dr. Segundo Rodríguez Quilinchini, Rector del Recinto de Ciencias Médicas (RCM), sobre la iniciativa de este programa radial como vehículo esencial para la aportación de la academia a la educación de la población en temas de ciencia y salud de forma integral.El panel compuesto por los Catedráticos del RCM; el Epidemiólogo Dr. Juan Carlos Reyes y los Infectólogos Dr. Humberto Guiot, y Dr. Jorge Santana instruyen sobre las peculiaridades del COVID-19, incluyendo...2021-02-1658 minThe DerivativeVol - Benn There, Done That with Benn Eifert of QVR AdvisorsWhy can't vol managers tell good jokes? Bad timing? Buh dum tsss.
All jokes aside, we’re excited to be back talking Volatility on The Derivative with the Professor, the DJ, the Han Solo of Vol trading, the one and only Benn (with two N’s) Eifert. Benn is Founder and CIO of QVR Advisors and joined us to talk about VIX and options and the overall volatility space. We’re digging deep in this episode about matching hoodies, delta hedging driving gamma flows, hedge funds ability to be aggressive, quantimental approaches, big players & flow dislocation, what the VIX highs really...2021-02-111h 31The DerivativeThe Bull and Bear Cases for Bitcoin with Meltem Demirors & Nic CarterBitcoin started the year with a bang, rising up above $41k before falling back into the 20ks, and settling in the mid 30ks lately. It was at $5k in March 2020! Yet it feels way different, and dare we say – less volatile – this time. How are we supposed to interact with bitcoin, how do you capitalize on the volatility, and where does it fit into investor portfolios overall? We have two big-time bitcoiners on with us today to go over it all – Meltem Demirors, Chief Strategy Officer at CoinShares, and Nic Carter, Partner at Castle Island Ventures and Cofounder at Coinme...2021-02-051h 26The DerivativeWallstreet Bets Busts Wallstreet? WTF ^%$#If you’ve been on the internet, watched TV, or talked to anyone outside of yourself in the past week and a half you can’t have missed it. GameStop stock ($GME) went from trading at a low of $3/share to +$400/share thanks to a masterful subreddit trolling from retail traders. And it’s not stopping at just GameStop, shares from Blackberry ($BB), AMC ($AMC), Express ($EXP) and Nokia ($NOK) are quickly following suit – and its leaking over into S&P futures and options. So how does this happen, why is it busting the billionaires, and how does it end? We’...2021-01-281h 21The DerivativeWisdom from the Wizard Maker with Jack SchwagerWelcome to the Wizarding World of Market Wizards – and today’s special guest is head wizard who wrote the actual books on market wizards, Jack Schwager. Jack has written 6 books on the markets including his original: Market Wizards and the newly released: Unknown Market Wizards. In addition to his authoring (is that even a word?) Jack has served as a Director for futures research - meaning he knows soybean contract from a Spac. In today’s episode, we’re covering all things Market Wizard books, along with some fun conversation including Colorado, FundSeeder, favorite interviews, and more.
Chapters...2021-01-211h 14The Hedged EdgeAg Markets Update: January USDA ReportIn this monthly segment on The Hedged Edge, RCM Ag Services pros Jody Lawrence, Ron Lawson, Kevin Bost, and host Jeff Eizenberg come together to provide expert knowledge on important markets including cotton, meat, and grains following the USDA Report.And last but not least, don't forget to subscribe to The Hedged Edge on your preferred platform, and follow us on Twitter, LinkedIn, and Facebook.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their...2021-01-2134 minThe DerivativeGold, Gas, and Global Inflation with Diego Parrilla of Quadriga Asset Managers2020 was ruled by global macro events – are we looking at the same fate in 2021? Our guest today can talk not only global macro, but also volatility, bond yields, correlation, oil, metals and more. To ring in the new year we’re joined by Diego Parrilla, Managing Partner at Quadriga Asset Managers and Author of "The Energy World is Flat" and "The Anti-Bubbles.” Diego isn’t just a global macro manager, and in today’s episode we’ll be talking about Spain, quoting complex options, the switch from gas to renewable energy, Beckenbauer bonds, the double digital, inflation on inflation, what’s happe...2021-01-141h 39The DerivativeButler and Buck Back to Bookend 2020We’ve already covered the first three months of 2020 with Part I of our 2020 review. We’re now heading into Part II with Jason Buck, CIO at Mutiny Fund and Adam Butler, CIO at ReSolve Asset Management discussing how the fall out of the first three months of 2020 dictated the ending 3/4 of the year. Tune into this next episode to hear more on the possible bond fallout, stimulus holding US markets hostage, the future of the traditional 60/40 portfolio, ReSolve’s Riffs, do deficits matter?, commodity’s role in inflation, “am I a socialist?,” technology improvements in commodity production, the Mutiny Podca...2020-12-3059 minThe Derivative2020’s Best Strategies, Styles, and Stories with Adam Butler and Jason Buck2020 has been a year for the books – be it the fastest every market sell-off or a just as amazing tech rally from the lows. Whether you’re looking at it from a social/emotional/fiscal lens, it probably didn’t pan out the way you imagined based on your New Years Resolution. And in today’s podcast, we’re focusing out with the long lens to take a look back at the year that was 2020 to investigate what strategy types got it right, which got it very wrong, and more. We’ve brought on two of our favorite people in the space...2020-12-231h 21The Hedged EdgeAcing Agriculture with Dr. Scott IrwinFor the commodity world, 2020 has been particularly interesting. Between stimulus packages and China buying pullback, to ramping up production and setting up for a potential big comeback in 2021 it feels like we’ve been living through a game of ping pong. So to review it all – plus give some insight into 2021 – we’ve brought Dr. Scott Irwin on to go through it all. Dr. Scott Irwin is chair of the Agricultural Marketing in the Department of Agriculture and Consumer Economics at University of Illinois Champaign-Urbana. Scott is a national and international leader in the field of agricultural economics. His research...2020-12-231h 02
The Derivative(m)Astoring Asset Allocation Alternatives with Rob Stein of Astor Investment Mgmt.With bonds at the zero bound and commodities possibly setup to provide an inflation hedge, is now the time for Alternative Investments? Investors have been asking that question despite stocks going up, up, and away for the better part of the last 5 years. Well today’s guest is on the “yes” side of the fence, believing that this environment is quite a bit different than what we’ve been dealing with of late. With over 30 years of experience, Rob Astor, CEO at Astor Investment Management joins us to talk about why his optimistic about the future of alternative investments, and how...2020-12-181h 11The Hedged EdgeAg Market Updates: December USDA/WASDE ReportIn this monthly segment on The Hedged Edge, RCM Ag Services pros Jody Lawrence, Ron Lawson, Kevin Bost, and host Jeff Eizenberg come together to provide expert knowledge on important markets including cotton, meat, and grains following the USDA Report.During today’s episode we’re talking about reporting back from farmers on the recent USDA report, labor shortfalls, taxes and tariffs, commodity price inflation, adjusting planting intentions, feed prices affecting hog/cattle prices, calorie reports, corn vs beans, and more from the report and looking towards the end of 2020.And last but not least, don't...2020-12-1640 minThe DerivativeCover to Trend Legends Cover with Michael CovelIt’s hard to get too far into the words Trend Following without running into the name Michael Covel. If you’ve ever looked into the strategy type, his name is there. From speeches to his many books, the aptly named Trend Following Radio and his trend following twitter thread, Michael has been digging into the philosophy and people in and around trend following for nearly 24 years. And as our guest on today’s pod, we cover a large span of topics including: living in Vietnam, first COVID flight, market wizard to turtle traders, the Jerry Parker inspiration, great storie...2020-12-101h 26The DerivativeReally? Real Estate? Right Now? with Matt Lasky and Darren KottleMany investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guests today show us why this isn’t the case. From commercial real estate, to mortgage-backed securities, pandemic affects, and hedging risk, Matt Lasky of Equity LLC and Darren Kottle of Caddo Capital Management are on today to go through it all. Take a listen to learn more about private investments, hedging real estate with trading models, mortgage-backed securities, favorite investing books, levels of leverage, basic income effects on real estate, real estate debt, yield solo, deflationary periods, Maple & Ash, hedging fi...2020-12-031h 08The DerivativeOverheard at a Vol Conference, breaking down EQD Global 2020One of the leading volatility trading and derivatives investing events of the year wrapped up last month and we have lots of thoughts. From new vol dispersion products to portfolio design, tail-risk management and structural vol; if it’s been a hot topic in 2020 – Global EQD covered it. We’re joined by Jim Carroll, Senior Vice President at Toroso Advisors and John Cummings, Director of Research at RCM Alternatives. There were sessions we agreed with, opinions from some of our favorite finfluencers, and even some sessions that straight up made us scratch our head. So what was talked about by the l...2020-11-2759 minThe Hedged EdgeHarvest Market Update Part 2: SD, MS, & TXIn part 2 of our virtual road trip around the U.S. we’re making our way to South Dakota, Mississippi, and Texas. We’ll be covering updates on market conditions, harvest crop updates, 2020-2021 predictions and more in these three states. To give us more detail about the regional nuances on these topics, we’re joined by three of the best guys in the business to give you their take on their home state:Chapters:00:00 Intro 01:04 Brad Berven – SD - JES Farms in Pierre 14:05 Reed Trusty – MS - VP of Sales at Local See...2020-11-201h 03The DerivativeThe Mysteries and Makings of Machine Learning with Dr. Ernie Chan of QTS CapDoes all this Machine Learning stuff really work? If it’s so good, why aren’t AI powered hedge funds printing money? And what is the difference between AI, machine learning, deep learning, machine trading, and more. Today’s guest is one that’s been at the center of the AI/MT/ML universe for over four decades. Ernie Chan runs a machine learning hedge fund at QTS Capital management, has authored 3 books – with the 4th on the way - and is the creator of PredictNow.ai. Ernie is joining us on The Derivative to talk about machine learning, decision t...2020-11-191h 10The Hedged EdgeHarvest Market Update Part 1: TN & KSWe’re doing a virtual road trip around the U.S. in today’s podcast visiting some of our favorite ag persons for harvest market updates. We’ll be travelling from Tennessee to Kansas to get you updates on market conditions, harvest crop updates, 2020-2021 predictions and more. To give us more detail about the regional nuances on these topics, we’re joined by some of the best guys in the business to give you their take on their home state:Chapters: 00:00 Intro 01:01 Jody Lawrence – TN/Central Region - Director of Research with RCM Ag Servi...2020-11-181h 04The Hedged EdgeRisk Management, Research Writing, and International Protein with Simon QuiltyInternational meat trade (including Kangaroo!), years of writing and thousands of subscribers, risk management consulting and more – today’s guest really is a jack of all (ag) trades. Simon Quilty, global meat trader and analyst with Global Agritrends is on today’s podcast to take a deeper dive into his risk management background (with tips for operations of all sizes), the background on how he became one of the world’s leading researchers on international protein markets, and more crazy stories that fit his entertaining personality.Follow along with Simon at the Global Agritrends website.From the...2020-11-1843 min
The Hedged EdgeCotton Commodities & Options Trading with Ron LawsonIn our first episode of The Hedged Edge we’re bringing the heat with the King of Cotton, the Emperor of Options – Ron Lawson. Ron’s experience in the agribusiness space spans over 4 decades giving him unique expertise of both agricultural business, and the business of agriculture. On today’s pod, Ron is here to share his knowledge on cotton commodities, options trading, “Lawson’s Laws,” and much more.Follow along with Ron on LinkedIn to follow along with his popular newsletter.Chapters:00:00-01:30 = Intro01:31-16:30 = An Impressive Background / W...2020-11-1843 minThe DerivativeDon’t Buy the Narrative (and It’s All Narrative) with Epsilon Theory’s Ben HuntOur guest today is somewhat of a modern philosopher, mapping out how the investing world sees the real world, while at the same time questioning his own place in that world and how he can change it for the better. Ben Hunt, Co-Founder of Second Foundation Partners and creator of the Epsilon Theory blog, joins us on The Derivative, offering up his fresh perspective and novel insights into market dynamics. Today, Ben is sharing his knowledge on identifying narrative patterns, how to be authentic in the hedge fund world, new trading strategies, living on the “farm” (depending on whose defi...2020-11-121h 15The DerivativeNo President Yet, So Market Rallies Huge What ^%$#?Votes are being counted, CNN and Fox are on 24-hour reporting cycles, and Tweets/FB Posts/Texts are still being sent out at lightening speeds. What happens if a winner isn’t announced for 2 or more days? What happens if President Trump remains in power? What happens if former Vice President Joe Biden takes over as POTUS? In today’s U.S. Election – What^%$# Episode we’re joined by Matt LaViolette, Founder & Principle at Breakout Funds, and Kris Sidial, Vice President at Ambrus Group talking about avoiding blue waves, election shell shock events, and volatility rallies.
Ch...2020-11-0549 minThe DerivativeWho Would Want to SELL Options, with Mark Adams of Warrington Asset ManagementFor every option buyer, there is a seller. The brave souls who are accused of picking up pennies in front of a freight train. But are they dumb? Crazy? Or just better at timing the market than the rest of us? Understanding option strategies which involve collecting premium seems easy, but there’s way more that goes into this recipe. As Jeff Malec asked our guest in this pod “Give it to me straight, partner” (41:25 mark) in the world of options selling. Mark Adams, Assistant Portfolio Manager and Chief Quantitative Officer at Warrington Asset Management is here to break down ex...2020-10-291h 11The DerivativeDebunking Trend Following’s Dead Theories with Kathryn KaminskiIs trend following too big? Can managed futures do it without the bond tailwind they’ve had for 30 years? Does globalization take away diversification? We’re debunking these trend following myths/truths (?) in today’s podcast – and today’s guest is ideal to take us through the ins-and-outs of these trend following theories. We’re joined by Kathryn Kaminski, PHD, CAIA, and Chief Research Strategist & Portfolio Manager at AlphaSimplex who has written the literal book and research papers on these theories and more. We’re also talking with Kathryn about AlphaSimplex, COVID puppies, the Nashville predators, diversifying across trends, Dr. Andrew Lo...2020-10-221h 13The DerivativeVol Curves and Vanna Charm with Cem KarsanToday’s pod is all about word play playing into alternative investment. How does Jam Croissant relate to Cem Karsan? What about Vanna Charm and options definitions? Or the forever popular “there’s no such thing as a free lunch” evolving to “nothing is ever risk free”? To get together the definitions, explanations, and educated facts on all these nuances, we have FinTwit VIP & Founder and Senior Managing Partner of Aegea Capital Management, Cem Karsan. On top of alternative investment word witticism we’re also talking with Cem about how to actually pronounce Cem Karsan starting out as a market maker...2020-10-151h 32The DerivativeSuper Storms, Mathematical Modeling, and Hurricane Hunting with Dr. Jeff MastersWith storms named Gamma and Delta making their way to US shores – we really couldn’t have timed this release better from a hurricane-content-meets-alts-investment podcast; it’s the: perfect storm (buh-dum-ch). Today’s guest is creator of Weather Underground and the Cat 6 blog, a person who has flown through an actual hurricane, and a whiz at modeling weather data in a way that us non-meteorologists can understand – Dr. Jeff Masters. In today’s podcast we’re talking with Jeff about hedging commodities based on storms, water futures contracts, the Cat 6 blog, historical context of extreme weather events, the transformation of weather mod...2020-10-081h 14The DerivativeBull Markets, Behavioral Biases, and Blogs with Baird’s Michael AntonelliIf men are from Mars and women from Venus, it often feels like stock/bond investors are from Earth and us Alternative Investment folks are from Vulcan. We’re digging in with the Bull and Baird blog’s author and Baird market analyst Michael Antonelli to hear how the earthlings (aka wealth management clients) actually think about investments, direct from the guy who is serving up what a whole bunch of them read week in and week out. How is he explaining this crazy investment world to them? In this episode we’re talking about appetite for alts investments, fee-bas...2020-10-011h 10The DerivativeSequencing, Skew, and (Option) Strikes with Hari KrishnanWe’re joined by option guru and author of ‘The Second Leg Down’ in this episode to talk through the real-time test of market crashes and volatility dynamics we’ve witnessed since February. Is our guest’s theory on volatility sequencing proving its worth in this environment of bigger VIX spikes, oil going negative, and retail trader flow? Hari Krishnan has all the insight on how to survive during volatile periods. Our conversation with Hari also includes: hobby jogging marathoning, basic income options trading checks, gamma driving prices, San Sebastian, selling unlimited retail, the gamma phenomenon, window dressing/skew/& monetizati...2020-09-241h 12The DerivativeA Professor, Prop Trader, & Risk Manager walk into a bar, with Victor CantoThe “bar” we walk into in this episode is one that specializes in blending the unique flavors of beta and alpha, and our mixologists are Victor Canto, Chief Economist of Cadhina & Co, and Donn Stobierski & Jim Kleinops, the Founders and Managing Members at Black Bear Capital Advisors joining us to talk about convexity and rebounds, and adding equity to global macro. Today’s podcast delves into the Dominican Republic, the secret sauce behind how the tail works, the ability to stick with your beta, convexity risk profiles, Paso Fino horses, diversifiable risk, nimble strats taking advantage of regulations, US bonds...2020-09-171h 10The DerivativeMarket Up/Vol Up, Market Down/Vol Down…WTF EpisodeSo – what’s happening in the wide world of volatility? The market moved to new all time highs and the VIX actually went UP. The market then mini-crashed lower and VIX barely budged? WTF indeed? Is it Robinhood traders? It is market makers? Is it sustainable? To break it down we’re doing another of our WTF episodes, and are joined by two VOL pros, Matt Thompson – Managing Partner at Thompson Capital Management, and Pat Hennessy – Head Trader at IPS Strategic Capital to talk about volatility, VIX, and options trading inside the market dislocation.
Chapters:
00:00-01:36 = Intro...2020-09-101h 00The DerivativeCanadian Commodities and Building Business with Tim Pickering of Auspice Capital AdvisorsIn today’s episode we’re pushing the boundaries of traditional alternative investments and getting into oil trading, trend following, and taking risks (both in business & with your strategy) with Lead Portfolio Manager and CIO at Auspice Capital Advisors, Tim Pickering. From trading shell oil to striking out on his own – Tim’s expansive experience in the alts world is about as big as the Canadian Wilderness he hails from. Today we’re talking with Tim about Lewis and Clark, Tim’s background in oil, willingness to fail, commodity market benefits, Canadian oil production, what a product suite entails, providing al...2020-09-031h 23The DerivativeStraddles, SVXY, and (Gamma) Scalping with Logica’s Mike GreenWith a Top Gun-like bio of working with billionaires and big hedge funds, Michael Green is one of the top prospects in the alternative investment game. BUT, all we hear him talking about these days is his passive thesis, to the point where he jokes – that may end up on his tombstone one day. We’ve heard all that elsewhere, so wanted to get into more – like what he has going on at Logica, if he loves straddles as much as Wayne Himelsein, how he views the current volatility landscape, his killer SVXY trade, The Princess Bride, adding fragility into th...2020-08-271h 35The DerivativeExpect the Expected and Control the Controllable with Russ Rausch of Vision PursueWe’re leaving the fire of hedge funds and jumping headfirst into the frying pan of……performance mindset? Yep, from pro athletes to pro traders, everyone needs a performance mindset, and today’s guest founded his firm to help get those who need to perform, ready to perform.
Russ Rausch (former Trading Technologies/Emil Van Essen exec) refocused his passion from the trading arena into training automatic thought and emotional patterns to improve; performance, resilience, and engagement to anyone from the Atlanta Falcons to Chicago prop firms. In today’s broadcast we’re digging in with Russ about Kansas...2020-08-201h 08The DerivativeDebt, Dollars, and Deficits with CME's Blu PutnamIt’s a job all in itself to be able to look at data – especially data that affects all of us on a daily basis – and be able to interpret that to make sense to yourself. Take that and have to turn it into something that makes sense to everyone else – well that’s a gift. And we’ve got the most gifted of them all joining us on The Derivative – CME Group’s Chief Economist Blu Putnam. We’re lucky enough to have Blu on today's episode breaking down all that’s going on in the craziness of what we’re living th...2020-08-131h 10The DerivativeTrend Following Turtle Tails (and Tales) with Jerry ParkerLegend time. We’re hearing straight from the mouth of well-known Turtle Trader – Jerry Parker – on this episode to talk all things trend following. Becoming a leading voice in the alternatives investment and trend following space – Jerry has turned his Turtle Trader experience into a trend following career (perhaps at the expense of some other things in life, as he mentions…) Join us for this talk with Jerry about new remote CTAs, the hidden gem of Tampa, the famous Wall Street Journal ad, what’s enough risk to make it work, pet birds, trading components instead of an index of component...2020-08-061h 22The DerivativeDo Hedge Funds Suck? With Max Nissman, Olivier d’Assier, and Scott TreloarWe sat down with three different legs of the hedge fund stool who (feeling the currently hedge fund investment landscape is a bit broker) are partnering on bringing some disruption to the hedge fund space with a new platform/fund of funds approach to analyze and allocate to different strategies. This three-way conversation touches on the perception that hedge funds suck in light of their stock market underperformance, and what investors can do about it. We’ve got Managing Member at Linnis, Max Nissman, Noviscient’s CIO, Scott Treloar, and Managing Director at AXIOMA, Olivier d’Assier. Are hedge funds o...2020-07-3058 minThe DerivativeSeeking (VIX) Certainty with Certeza's Brett NelsonIn a #ThrowbackThursday of sorts, we’re bringing you an episode recorded pre-pandemic where we hit the road and traveled to Utah to interview the brain behind Certeza Asset Management, Founder and CIO – Brett Nelson. Brett is another guest deserving of the moniker VIXpert – having been trading the VIX since it first entered the game, literally trading VIX back when there were a few dozen contracts a day changing hands. We’ll be covering everything VIX (along with non-VIX topics) including: skiing in Salt Lake, pure volatility futures, being a math nerd, the left and right tail, 19 y/o quant fi...2020-07-231h 15The DerivativeBLNDX[ing] Trend Following and Global Equity with Standpoint’s Eric CrittendenHow do you get investors to stick with an asset allocation that’s good for them in the long term, but maybe doesn’t taste so good over shorter timer periods? Today’s guest has designed a new mutual fund to attempt just that, giving investors the whole meal instead of letting them fumble around with the ingredients. Eric Crittenden, Co-Founder and CIO of Standpoint Funds joins us today to talk about Standpoint’s new $BLNDX fund. We’ll be getting into the weeds on this unique fund, as well as talking about Witchita State basketball, a zero sum game, 2,554...2020-07-161h 29The DerivativeWhy Charts and What Data with Sean Brown of YChartsIn today’s episode, we’re passing by all the players and calling in the head coach – the head coach of Ycharts that is. Sean Brown – CEO of Ycharts joins us to talk about how this FinTech SAAS focused company is helping investors and advisors make the complex easy, and the easy look good! Listen to the entire podcast to learn more about: Notre Dame vs Stanford, fundamental charts, a home chef’s best grilled cheese, Ycharts easy consumer interface, human support for a technical product, taking over Bloomberg, the Dave Portnoy Portfolio benchmark, adding COVID data streams, getting clean data...2020-07-091h 04The Derivative5 Asia/China Focused Hedge Funds, 1 Podcast!We recently wrapped up our virtual conference: “Capitalizing on China’s Growth: Opening the Door for Investors and Managers” where we had some great one-on-one interviews with hedge fund managers operating in Asia and live in mainland China markets, including futures. We pulled the best nuggets from each individual manager and mashed them into the ultimate pod on different strategy nuances across AI models, fixed income trading, stock picking A Shares, systematic trading of China futures markets, and more. Hear from the pros with boots on the ground in Hong Kong, Shanghai, and the rest of Asia – as they unpack t...2020-07-021h 40The Derivative$TVIX gets Terminated – What^%$#Similar to how we quickly grabbed some experts to discuss Crude Oil going negative, we grabbed some VIX experts as soon as the news hit this week that Credit Suisse was pulling the plug on one of the biggest VIX tracking exchange traded products. What will this do to VIX futures volume, liquidity, and the curve. What does this mean for traders and firms using these VIX products to tweak their exposure. Our guests today are two of our favorite VIX twitter follows Jim Carroll and Patrick Hennessy. In this episode, we’re talking about the differences between ETPs, ET...2020-06-2558 minThe DerivativeNoodling on Ensembles, Trend, & Convexity with Newfound’s Corey HoffsteinOur guest today is the Co-founder & CEO of Newfound Research, host of the popular podcast Flirting with Models, and FinTwit “influencer” – Corey Hoffstein. In this episode, we’re talking with Corey about the impact of “data”, the juvenile meaning behind Flirting with Models, 1000s of flavors of trend, hitting the gym, the founding of Newfound, suicides in Ithaca, sticking to your strategy through investor unrest, alts vs equities firm, the value of managed futures, implementing an ensemble approach, the mismatch between expected and market convexity, is trend actually dead, applying AI and machine learning – in alts & the world, and Corey’s favorit...2020-06-181h 30The DerivativeAllocating to Alts with RPMs Alexander MendeIn this episode, we’re flipping the script of our usual hedge fund manager and drilling down on the allocation side. Alexander Mende is a Senior Investment Analyst and Head of Investment Research at RPM Risk and Portfolio Management. We’re covering a lot of ground with Alexander including herd immunity in Stokholm, an allocator’s due diligence, billion dollar AUMs, picking managers with higher risk adjusted returns vs higher absolute returns, being a lead singer in a punk rock band, trend following from an allocator’s POV, fund rebalancing, and AI and machine learning in an allocator’s world....2020-06-111h 02The DerivativeNavigating Market Volatility with CBOE’s Kevin Davitt, Wayne Himelsein of Logica Capital Advisers, Jason Buck of Mutiny Fund, and Bastian Bolesta of Deep Field Capital.In this episode, we’re joined by a powerhouse group of volatility experts consisting of Kevin Davitt, Wayne Himelsein, Jason Buck, and Bastian Bolesta – moderated by our very own Jeff Malec discussing Navigating Market Volatility. Providing more than just witty banter, you’ll be listening to us talk about how crazy volatility was during March/April, why the VIX is more than just for tail risk, is it too late for long volatility protection, why straddles & strangles, what everyone gets wrong about options, and the volatility landscape looking ahead.
Follow along with our guests:
· Kevin Davitt...2020-06-041h 17The DerivativeBlack Swans, Gray Rhinos, and Tigers..Oh My with Michele WuckerThe financial world seems to have a fascination with zoomorphism – the attribution of animal names, emotions, or intentions to non- animal occurrences like market shocks. Black Swans are the famous one, but there’s also been White Moose and Gray Rhino added to the lexicon. This episode we sit down with the creator of the Gray Rhino risk metaphor, Michele Wucker, author of Gray Rhino. In today’s episode we’re talking about what a gray rhino is (and why it’s spelled with an ‘A’), assigning probabilities to risk, what constitutes a gray rhino event, why we’re so bad at prepar...2020-05-281h 14The DerivativeTagging a Value to Pro Sports Teams with Bob Reif and Josh Moscot of TAG70 days without sports – seems unbelievable, right? The COVID-19 pandemic has affected us all in more ways than one, and while no sports for 2+ months is at the top of the “first world problems” list, it’s a void left unfulfilled for many people. So we were excited to take a new twist on the Alternative Investment road in today’s episode and talk sports; particularly professional sports team/eSports investing and team valuations. So to help us dive deep on this, we’ve got CEO, Bob Reif, and COO, Josh Moscot of The Audible Group (TAG), to talk about purchasing p...2020-05-211h 15The DerivativeUncovering the Known Unknowns of the Pandemic with Chief Economist Blu Putnam, ReSolve's Rodrigo Gordillo, and Teza's Dan DeeringIn today’s episode, we have a little different structure and three unique guests to bring a fresh twist on The Derivative podcast. Blu Putnam of the CME Group, Rodrigo Gordillo of ReSolve Asset Management, and Dan Deering of Teza Technologies join us to discuss the economic & strategy impacts of the COVID-19 pandemic. Listening today you’ll hear some of the craziest economic stats since the Great Depression, how markets and physics share phase shifts, oil going negative, rallying gold now vs 2007/08, ski shops selling bicycles, AI in the investment process, asset allocation & pricing, quant vs human advantages, and stra...2020-05-141h 14The DerivativeTackling Trading Technologies and (lower case t) technology with Guy Scott of TTFutures traders take clicking a price to generate an order on their PCs for granted these days, much less the instant delivery of every tick, order book data, and trade fills. How’s it all work? How did it all used to work?
In this episode we talk with Guy Scott of Trading Technologies about the early days of screen trading to the evolution of modern electronic trading, to what it takes to power the trading of hedge funds, trade desks, big banks, and the little guys, We’re covering professional volleyball, the early days of screen tradi...2020-05-071h 12The DerivativeTexas Style Trend Following with Salem AbrahamThis episode’s guest, Salem Abraham, is a bit of a legend in the trend following/managed futures space, with his 30+ years of knowledge and experience making for some of the best stories in the industry (and one of our most entertaining guests to date).
In today’s episode we learn more about tiny Canadian, Texas; how you have to noodles and red sauce if in a contest to make the best spaghetti, the turtle traders, the tourist boat capsizing in front of the nude beach, talking how low oil can go, being buddies with Boone Pickens, hone...2020-04-301h 19The DerivativeValuing VIX and Volatility with Joe TigayVIX and volatility guru (who also sidelines as CBOE & CNBC contributor and an RIA and CFO) Joe Tigay is on our pod to share some nuggets of VIX and vol expertise with our listeners. In addition to vix & vol, we’re also talking about Michigan sports teams, the early days in the pit, Equity Armor’s four strateiges, SPX vs S&P, the risk behind options, Pequod’s pizza, trading volatility through EAVOL, negative return expectations, gamma scalping, panic selling, Moneyball, and poker to trading parallels.
About Equity Armor Investments: Equity Armor Investments is a wealth management firm o...2020-04-251h 14The DerivativeCrude Oil goes Negative… What^%$#Yesterday was a historic day for crude……and the trend continues today. With crude oil going negative for the first time ever. That’s right – May Crude Oil futures went to -$37/barrel. Essentially saying you would get paid $37 per barrel to own this Oil. This has left seasoned, new, and non-futures traders scratching their heads wondering how something like this could even happen. We turned to two of the top energy guys we know – Emil van Essen of Emil van Essen, LLC and Brent Belote of Cayler Capital, LLC to get some expert opinions on how and why something l...2020-04-2147 minThe DerivativeExchanging Intellectual Assets with $TAIL, $SYLD $GVAL ETF-icionado Meb FaberIn this episode we chat with an ETF creator, financial book author, and host of the popular Meb Faber Show podcast. We're talking with Meb Faber about Colorado sports teams, trend following, skiing vs surfing, farmland investments, interesting pod guests, how most asset managers are out of business already but don’t know it, how Meb invests his own money, IN-N-OUT orders, and naming ETFs as the last thread of creativity in investing.
Meb Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management, where he creates the investment process behind their ETFs and se...2020-04-171h 29The DerivativeThe principles of VIX trading with Alex Orus of PrincipaliumIn this episode we're diving deep into VIX futures and using that instrument to gain convexity in a portfolio, we chat with Swiss hedge fund manager Alex Orus of Principalium who have a three pronged approach to trading volatility as an asset class. Our topics include Swiss country music, personifying your trading models, the volatility of volatility, Roger Federer, negative interest rates hurting Europe’s youth, Jeff’s pop-up helmet invention, the good old days (2010) in the VIX, and why convexity matters. Take a Listen!
Principalium Capital AG’s Volatility Strategy operates across three facets of the volatil...2020-04-091h 15The DerivativeTrading Chinese Futures Markets with Abingdon GlobalChickity China the Chinese chicken futures. Between strict regulations, gated access, mainland-based employees, and more seemingly difficult roadblocks, the Chinese Futures Market can feel untouchable. But with abundant growth possibilities and highly volatile (= good for trading) markets, some firms are leading the charge in accessing this growing marketplace. In this episode, we talk with Fred Schutzman and Stephen Klein about their Chinese-launched Abingdon fund and dive deeper into liquid Chinese futures markets, NY sports alliances, moving strategies into Chinese markets, testing systematic models, the best pizza places in THE city, Fiberboard futures, black metals, tricking dogs into volunteering, and t...2020-04-0255 minThe DerivativeTrading Commodity Volatility – A Woman’s PerspectiveTake a listen to our latest podcast to hear why we think trading in and out of different volatility regimes in the commodity markets “like a woman” is a big PLUS. We talk with Kimberly Rios, portfolio manager of the Catalyst Hedged Commodity Strategy Fund about: the CFHIX mutual fund, meeting Muhammad Ali, being a woman in the male dominated asset management world, where commodity option liquidity is, OJ and Nicole Simpson, why buy and hold commodity investing sucks, missing senior prom, seasonality in Corn futures, why female hedge fund managers outperform males, working the Sydney Olympics, and navigating high...2020-03-261h 01The DerivativeCapturing the Global Sell-Off with Bastian Bolesta of Deep Field CapitalThis timely episode gets into just what kind of investment strategy you would have needed to have to capture the huge down move in markets recently and huge spike up in volatility. We talk with Bastian Bolesta, founder and CEO of Swiss-based hedge fund Deep Field Capital, about: designing and implementing effective tail risk strategies, how most of the sell-off has happened in overnight hours, paddle boarding on the Hudson River, whether the “boy” is controlling the machine or the “machine” controlling the boy, Red Cross founder Henry Dunant, the theoretical upper bound of the VIX, squashing the sombrero, and of c...2020-03-191h 37The DerivativeCrypto & Bitcoin Lending with Tom Anderson of Drawbridge LendingA little different than our usual “hedge fund strategy manager” we chat with Tom Anderson – journalist turned trader turned broker turned entrepreneur – who is now President and Chairman of the Board at DrawBridge Lending; a Chicago fintech company focused on lending in the digital asset space. We’ll be talking about loans against crypto and Bitcoin – covering both sides of the (proverbial) coin with lender and investor needs – risk-based financing, “tape recorder Tom”, why having more kids increases your opportunities to live in Australia, crypto term definitions (cold storage, hot walls, custodians,…), and how to access the Bitcoin and crypto space.
2020-03-121h 06The DerivativeAsset Allocation, AI, and the Alpha Process with Resolve Asset ManagementWe sit down with the three Canadian founders of Resolve Asset Management to talk zebras walking amongst horses, mid-frequency trading (move over HFT), how the Chicago Bears don’t add Alpha, extracting structural market flaws, low carb diets, regulatory and structural arbitrage, Peru and the Shining Path terrorist group, orthogonal carry, fasting, winning the content game, and economic reasoning to appease the complex thinker.
Resolve Asset Management is a systematic asset manager out of Toronto focusing on unique and advanced ways of implementing global asset allocation. They operate managed account, private funds, and a mutual fund (RDMIX); usin...2020-03-0455 minThe DerivativeStaging a Market Mutiny with Jason Buck and Taylor Pearson of Black PearlIn this episode exploring the many facets of long volatility and tail risk exposure, we pick the brains of the founders of the Mutiny investment program, which invests in half a dozen VIX and volatility trading programs in a multi-manager, multi-strategy approach. Our topics include why the whole world is short vol, If squirrels and deer are the natural buyers of forest fire insurance, why Jason hates sports, debit card investing, the interesting idea of an entrepreneurial put option, and what in the world a Brazilian SuperBowl champion is. Enjoy!
Black Pearl’s Mutiny investment program is an...2020-02-271h 39The DerivativeDecoding Execution Algos with Joe Signorelli & David DonThis episode dives deep into the math and people behind what most people take for granted or don’t even know they need to improve their trading – execution algorithms. We cover Orlando as a favorite vacation spot (What&^%), what/who is a quant, working with students at Notre Dame, UCLA, and Illinois, how even a slow trader can benefit from fast execution, algos named Prowlers, Snipers, Leggers, and….R2-D2 as a vacuum cleaner.
RCM-X is a trading technology and risk management services company, and as you might guess from the name, a subsidiary of RCM Alternatives. We sit d...2020-02-041h 04The DerivativeThe Life of a Discretionary Trader with Breakout Funds’ Aaron Larkin & Matt LavioletteThis fun conversation talks with two guys who have chosen a life of monitoring the markets on a near real-time basis, covering serious strategy components, as well as whether a Bulls game or trading Asian markets overnight is more fun for a trader in their 20s, trading Trump tweets, what ‘you can’t lose money’ actually means, Indiana Hoosier basketball, going from global war to blooming peace in 45 minutes, and being a dinosaur
Breakout Funds is one of the more unique strategies that we collaborate with as they focus on being a bit more discretionary, more short-term, and app...2020-02-0448 minThe DerivativeWayne Himelsein: The Human Behind the Hedge FundWayne Himelsein is a hedge fund manager, President, and Chief Investment Officer at Logica Capital Advisers. Beyond that Wayne is a 25-year veteran in the trading space, and we're talking about hedge funds, his quantitative investment strategies, and even his own non-profit, Informed-by-Nature.
On this episode we're covering the oddity of a volatility trader living somewhere where there is no volatility (in the weather), reading the world’s longest book, hoping this is the big one when your car is in midair, J-Curve the rapper, and overpaying by 1000% for out of the money options.
Make sur...2020-01-2754 min