Shows
The Offroad InvestorOffroad live #4 | Invertir en Small Caps con un Modelo Quant: River Global FIAcompáñanos en un nuevo directo de los martes donde Antón Leitón y Rafa Ortega charlan sobre finanzas personales y estrategias de inversion. Aprende a invertir y mejora tu vision financiera con sus consejos y análisis del mercado. ¡No te pierdas esta oportunidad de educación financiera... con el toque todo terreno!🎯 ¡Ya disponible en MyInvestor desde solo 150 €!Invierte en Return Stacked Portfolios y accede a una cartera todoterreno con hasta el doble de exposición por cada euro invertido.🔁 Acciones, bonos, oro, carry, trend...🪙 + Bitcoin, arbitraje, macro y más.📈 Diversificación real. Riesgo equilibrado. Potencial amplificado.🌐 Emp...
2025-11-0521 minThe Offroad InvestorOffroad live #3 | Reaccionamos a los Informes de Return Stacked Portfolios - 3T 2025Acompáñanos en un nuevo directo de los martes donde Antón Leitón y Rafa Ortega charlan sobre finanzas personales y estrategias de inversion. Aprende a invertir y mejora tu vision financiera con sus consejos y análisis del mercado. ¡No te pierdas esta oportunidad de educación financiera... con el toque todo terreno!🎯 ¡Ya disponible en MyInvestor desde solo 150 €!Invierte en Return Stacked Portfolios y accede a una cartera todoterreno con hasta el doble de exposición por cada euro invertido.🔁 Acciones, bonos, oro, carry, trend...🪙 + Bitcoin, arbitraje, macro y más.📈 Diversificación real. Riesgo equilibrado. Potencial amplificado.🌐 Emp...
2025-10-2459 minThe Offroad InvestorOffroad live #2 | Seguimos Generando Alfa con River Global (Resultados 3T 2025)⚡️RIVER GLOBALEn este directo Rafael Ortega e Ignacio Villalonga explican los resultados del fondo en el 3T de 2025 y hacen un repaso general a la estrategia que implementa: ranking multifactor, casos de uso y un ejemplo de una de las compañías en cartera y su evolución.Value Investing Small Cap Multi Factorhttps://www.riverpatrimonio.com/river-global🔔Suscríbete y descubre los beneficios de una inversión inteligente y sin sobresaltos: http://bit.ly/suboffroadinvestor============Más información:⚡️OTROS FONDOS DE INVERSIÓNCartera Permanente: Seguridad, Estabilidad, Rentabilidadhttps://bit.ly/CarteraPermanenteRiver Patrimonio: Equilibrio entre Participar y Protegerhttps://bit.ly/RiverPatrimonio⚡...
2025-10-2447 minThe Offroad InvestorOffroad live #1 | Futuros Gestionados: El Diversificador que Falta en tu Cartera Todo TerrenoAcompáñanos en un nuevo directo de los martes donde Antón Leitón y Rafa Ortega charlan sobre finanzas personales y estrategias de inversion. Aprende a invertir y mejora tu vision financiera con sus consejos y análisis del mercado. ¡No te pierdas esta oportunidad de educación financiera... con el toque todo terreno!🎯 ¡Ya disponible en MyInvestor desde solo 150 €!Invierte en Return Stacked Portfolios y accede a una cartera todoterreno con hasta el doble de exposición por cada euro invertido.🔁 Acciones, bonos, oro, carry, trend...🪙 + Bitcoin, arbitraje, macro y más.📈 Diversificación real. Riesgo equilibrado. Potencial amplificado.🌐 Emp...
2025-10-2457 minThe Offroad InvestorThe Offroad Investor #13 | Cómo blindar tu cartera en 2025: Return Stacking Oro + Bitcoin (Anti-Beta)En este episodio de The Offroad Investor, Rafael Ortega y Rodrigo Gordillo presentan el concepto de Anti-Beta Stack, explican el trilema de las coberturas y cómo diversificar defensas con trend, macro y carry. Además, debaten el papel del oro y Bitcoin como reservas de valor y cómo equilibrarlos en una cartera todo terreno. El episodio cierra con reflexiones sobre apalancamiento defensivo y las próximas novedades en Return Stacked Portfolios.============Más información:⚡️FONDOS DE INVERSIÓNCartera Permanente: Seguridad, Estabilidad, Rentabilidad https://bit.ly/Cart...
2025-10-0259 min
Get Stacked Investment PodcastSTACKED UNPACKED: Quarterly Live Q&AIn this episode, Corey Hoffstein and Adam Butler take you inside the latest Q2 commentary on the Return Stacked® ETF suite. They break down key strategies behind ETFs like RSSX, RSSB, RSBT, and RSST—covering everything from performance differentials in trend strategies to the mechanics of trend model replication.
You’ll hear sharp analysis of return stack carry funds, year-to-date performance, and how they behave in multi-asset portfolios. The hosts also explore fixed income sector positioning, the role of energy exposure, and why merger arbitrage deserves a closer look as a diversifier. The episode wraps with the new RSSX ETF, blend...
2025-08-181h 09
Get Stacked Investment PodcastE16. From Fringe to Foundational: The Case for Bitcoin in the Modern PortfolioIn this episode, Rodrigo Gordillo, President of ReSolve Asset Management Global, and Mike Philbrick, CEO of ReSolve Asset Management Global unpack Ric Edelman’s bold argument for allocating 10–40% of a portfolio to Bitcoin. They explore how Bitcoin is evolving from a fringe asset to a foundational one, discuss its role alongside gold, and examine the structural shifts—from regulatory clarity to ETF innovation—that are driving institutional adoption. If you're rethinking diversification in a changing economic landscape, this conversation delivers the key insights.
(0:00) Introduction to the Get Stacked Investment Podcast
(2:45) Introduction of podcast hosts and disclaimers
(3:33) Bitcoin as a digital hard cur...
2025-07-3143 min
The Raise Your Average™ PodcastHow to Add Trend Following Alpha Without Sacrificing Your Core Portfolio with Rodrigo Gordillo🎯 What if you could protect your portfolio during market crashes, boost returns, and still keep your core investments intact? That’s not a fantasy—it’s the power of trend following / managed futures via return stacking, and it's finally accessible to everyday investors.
🎙️ In this episode of Raise Your Average, Pierre Daillie sits down with Rodrigo Gordillo, President of ReSolve Asset Management, co-creators of the Return Stacked ETFs suite, for a deep dive into one of investing’s best-kept secrets: managed futures. Long embraced by institutions for their ability to deliver uncorrelated, crisis-resistant returns, managed futures are final...
2025-07-1529 minInsight is Capital™ PodcastHow to Add Trend Following Alpha Without Sacrificing Your Core Portfolio with Rodrigo Gordillo🎯 What if you could protect your portfolio during market crashes, boost returns, and still keep your core investments intact? That’s not a fantasy—it’s the power of trend following / managed futures via return stacking, and it's finally accessible to everyday investors.
🎙️ In this episode of Raise Your Average, Pierre Daillie sits down with Rodrigo Gordillo, President of ReSolve Asset Management, co-creators of the Return Stacked ETFs suite, for a deep dive into one of investing’s best-kept secrets: managed futures. Long embraced by institutions for their ability to deliver uncorrelated, crisis-resistant returns, managed futures are finally breaking...
2025-07-1529 min
Get Stacked Investment PodcastStacking Merger Arbitrage with Corey HoffsteinIn this special interview, Corey Hoffstein sits down with Advisor Analyst to discuss merger arbitrage and its role in portfolio diversification. Corey breaks down how investors can capture the residual spread in merger deals, comparing the strategy to traditional credit markets, and explaining how return stacking and portable alpha can enhance portfolio efficiency. Originally recorded for Advisor Analyst (advisoranalyst.com), this conversation offers valuable insights for investors exploring alternative risk premia and advanced portfolio construction techniques.
(0:00) Introduction and mission statement
(2:14) Merger arbitrage: Explanation, diversification benefits, and risk premium
(9:44) Merger arbitrage in financial advisory
(12:15) The return stacking approach and democratizing institutional...
2025-07-1016 min
Get Stacked Investment PodcastMastering Diversified Carry with Adam ButlerIn this exclusive interview hosted by Advisor Analyst (advisoranalyst.com), Adam Butler dives deep into the mechanics of diversified carry strategies, cross-asset risk management, and return stacking.
Adam unpacks the technical and practical definitions of carry, explains how the strategy operates across currencies, bonds, equities, and commodities, and explores how combining carry with trend following and managed futures can provide stable, risk-adjusted returns across economic cycles.
(0:00) Event and registration details for the Return Stacking Symposium
(0:46) Introduction and disclaimers
(2:03) Overview of carry trade and its role in various asset classes
(6:57) Diversification and risk management in carry strategies
(10:00) Exploring the risk-reward balance...
2025-07-0225 min
Get Stacked Investment PodcastE15. Stacking Returns Without Sacrificing Core Exposure: Introducing RSSXInvestors seeking exposure to alternatives like gold and Bitcoin face a tough tradeoff: diversify or stay fully invested in stocks and bonds. What if you didn’t have to choose?
In this episode, we unveil Return Stacked® U.S. Stocks & Gold/Bitcoin (RSSX) - an ETF designed to deliver long-term capital appreciation by stacking diversified exposures on top of traditional equity allocations.
Discover how RSSX leverages capital-efficient strategies to provide $1 of exposure to U.S. large-cap stocks plus $1 of exposure to a Gold/Bitcoin mix - all for every $1 invested. We’ll walk through the mechanics, behavioral advantages, and real-world applic...
2025-06-2759 min
Get Stacked Investment PodcastE14. Reimagining the 60/40 Portfolio, Hard Assets, Bitcoin as Digital Gold & Asset Allocation StrategiesIn this episode hosts Mike Philbrick and Rodrigo Gordillo welcome Mark Valek, partner at Incrementum AG and co-author of the acclaimed In Gold We Trust report. Mark, a seasoned macro investor with decades of expertise at the intersection of gold, monetary policy, and systemic risk, offers deep insights into the evolving roles of gold and Bitcoin. The discussion covers a diverse range of topics including macro investing, fiscal dominance, central bank gold accumulation, innovative portfolio allocations, and the emergence of Bitcoin as digital gold.
(0:00) Introduction and Event Announcement
(3:04) Introduction of Guest Mark Valek
(3:50) "The Big Long" Concept and Central Banks...
2025-06-261h 02
Resolve Riffs Investment PodcastIn Gold We Trust 2025 - The Big LongReSolve Riffs returns with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked® ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked® ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold’s structural fundamentals, bitcoin’s emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.Topics DiscussedStructural fundamentals and the historical role of gold as...
2025-06-0659 min
Get Stacked Investment PodcastE13. In Gold We Trust 2025 - The Big LongReturn Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold’s structural fundamentals, bitcoin’s emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.(0:00) Event invitation and podcast introduction(2:30) Episode focus: Gold...
2025-06-061h 00
Get Stacked Investment PodcastE13. In Gold We Trust 2025 - The Big LongReturn Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold’s structural fundamentals, bitcoin’s emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.(0:00) Event invitation and podcast introduction(2:30) Episode focus: Gold...
2025-06-0659 min
Get Stacked Investment PodcastIn Gold We Trust 2025 - The Big LongReturn Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold’s structural fundamentals, bitcoin’s emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.
(0:00) Introduction and historical context of gold and Bitcoin
(2:45) In Gold We Trust report...
2025-06-0659 min
Get Stacked Investment PodcastE13. In Gold We Trust 2025 - The Big LongReturn Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold’s structural fundamentals, bitcoin’s emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.
(0:00) Event invitation and podcast introduction
(2:30) Episode focus: Gold, Bitcoin, and precious metals
(3:03) Histor...
2025-06-061h 00
Get Stacked Investment PodcastEp12. Rafael Ortega: Using Return Stacking To Build an All-Terrain PortfolioIn 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.
(0:00) Introduction and Welcome
(1:05) Host and Guest Introductions with Rafael Ortega
(2:43) Rafael's Transition from Engineering to Finance
(8:16) The Evolution of the Permanent Portfolio
(10:10) Economic Cycles and Asset Behavior Analysis
(13:46) Diversified Portfolio Challenges in Spa...
2025-05-301h 09
Get Stacked Investment PodcastE12. Rafael Ortega: Using Return Stacking To Build an All-Terrain PortfolioIn 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.
(0:00) Event announcement: Return Stacking Symposium at Cboe Global Markets
(0:44) Introduction to the Get Stacked Investment Podcast and Guest Rafael Ortega
(3:40) Discussion on return stacking and balanced portfolio approaches
(5:09) Rafael Ortega's journey from e...
2025-05-301h 09The Offroad InvestorThe Offroad Investor #12 | Cuando los pistones fallan: anatomía de una cartera diversificadaEn este episodio de The Offroad Investor, Rafael Ortega y Rodrigo Gordillo abordan las dudas más comunes que han surgido entre los inversores en torno al comportamiento reciente de las estrategias de inversión alternativa, especialmente Trend Following y Carry. Explican por qué estas estrategias pueden tener momentos difíciles, sin que eso implique que estén fallando. También reflexionan sobre el valor de la diversificación, incluso cuando los retornos no son inmediatos, y presentan una nueva estrategia que se suma a la cartera Offroad: Global Macro. Además, debaten sobre si tiene sentido cubrir la divisa e...
2025-05-2258 min
Get Stacked Investment PodcastE11. Discover RGBM ETF: Diversification That Clients May Actually Stick ToAs financial advisors, we know clients struggle to stay the course with liquid diversifying investments, especially when 60/40 portfolios have been strong.
RGBM ETF offers a solution: a 100% global balanced strategy stacked with an additional 100% systematic macro strategy.
This 2 for 1 combination is designed to help deliver the diversification your clients may need in a solution they can actually stick to. In this podcast, we explore how RGBM’s unique 'return stacking' approach can improve portfolio resilience and client outcomes. Learn how it minimizes the behavioral challenges of owning diversifying assets.
(0:00) Event invitation, speaker announcements, and registration details
(0:46) Podcast introduction, purpose, and di...
2025-05-1451 min
Get Stacked Investment PodcastE11. Discover RGBM ETF: Diversification That Clients May Actually Stick ToAs financial advisors, we know clients struggle to stay the course with liquid diversifying investments, especially when 60/40 portfolios have been strong.
RGBM ETF offers a solution: a 100% global balanced strategy stacked with an additional 100% systematic macro strategy. This 2 for 1 combination is designed to help deliver the diversification your clients may need in a solution they can actually stick to. In this podcast, we explore how RGBM’s unique 'return stacking' approach can improve portfolio resilience and client outcomes. Learn how it minimizes the behavioral challenges of owning diversifying assets.
(0:00) Introduction and Overview of Return Stacking
(3:05) Understanding Return Stacking and Diversification Is...
2025-05-1450 min
Get Stacked Investment PodcastE10. Live Q&A - Managed Futures Trend & Carry Flash UpdateJoin us for an engaging live session as Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global, Corey Hoffstein, Chief Investment Officer of Newfound Research, and Adam Butler, CIO of ReSolve Asset Management Global, discuss recent macroeconomic events and their impact on managed future strategies, specifically trend following and multi-asset carry models. In this video, the panel analyzes key market-moving stories from the past few weeks, including European regulatory reforms, German fiscal stimulus, and international tariff battles. They also explore the recent performance and adjustments in their systematic strategies, providing valuable insights for advisors and investors navigating today's...
2025-03-2159 min
The DerivativeA Four-Stack Pod, talking stacking assets with Return Stacked ETFsThis episode of the podcast piles on the knowledge about "return stacking" - the investment approach that lets you layer alternative assets and strategies on top of your traditional portfolio, like a perfect investment sandwich. Jeff Malec has stacked the deck with FOUR financial heavyweights - Mike Philbrick, Rodrigo Gordillo, Adam Butler, and Corey Hoffstein - each showcasing a "return stacking" ETF. We’ve brought together this team of experts to give you the blueprint for this innovative investment method.So, what’s the deal with return stacking? Think of it as the ultimate portfolio hack—...
2025-03-201h 31The Offroad InvestorThe Offroad Investor #11 | Diversificando tus Diversificadores con Return StackingEn este episodio de "The Offroad Investor", Rafael Ortega y Rodrigo Gordillo analizan la evolución de las estrategias de inversión alternativa, destacando la importancia del Return Stacking y su impacto en la diversificación de carteras. También exploran el papel del oro y Bitcoin como activos complementarios y discuten cómo el arbitraje de fusiones (merger arbitrage) puede generar oportunidades de inversión con baja correlación. Finalmente, anuncian la llegada de nuevas estrategias dentro de Return Stacked Portfolios y su accesibilidad a inversores de todos los niveles.============Más inform...
2025-02-2759 min
Get Stacked Investment PodcastE9. Discover the Return Stacked® Bonds & Merger Arbitrage ETF (RSBA)In today’s ever-evolving investment landscape, finding compelling alternatives to traditional fixed income is critical for building resilient portfolios.
Enter RSBA, a first-of-its-kind ETF that combines U.S. Treasuries with a merger arbitrage strategy to offer what we believe is a smarter approach to fixed-income diversification.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage. Read the prospectus or summary prospectus carefully before investing.
Leverage Risk. As part of the Fu...
2025-02-1857 min
Get Stacked Investment PodcastE8. Return Stack Anything: Portable Alpha with RSSBFinding alpha is notoriously difficult.
Instead of trying to pick stocks better, what if you simply added the return of high-conviction, alternative strategies on top of your asset allocation?
That’s the opportunity portable alpha unlocks for allocators.
Join us for an exclusive podcast where we reveal how capital-efficient ETFs can be used to “port” the returns of any alternative investment on top of your asset allocation.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit https://www.return...
2025-01-1659 min
Resolve Riffs Investment Podcast12 Days of Trading ChristmasIn this exciting episode, Rodrigo Gordillo, Meb Faber, Corey Hoffstein, and Wes Gray discuss their investment ideas for 2025 and beyond. Each brings three unique ideas to the table, making for a lively and insightful conversation.Topics Discussed• Rodrigo Gordillo discusses the idea of matching the risk of Bitcoin by levering up gold, providing insights on how to achieve an equal risk allocation between Bitcoin and gold• Meb Faber shares his thoughts on the potential of cannabis as an investment and the risks and rewards of bonds in the current financial climate• Corey...
2024-12-201h 10
Get Stacked Investment PodcastE7. Elevate Your Return Stacks with the Combined Power of Trend and CarryIn today's complex market environment, finding genuine diversification and consistent returns has become increasingly challenging. What if you could harness two of the least correlated strategies to traditional portfolios available to investors today?
Join us for an exclusive podcast where Rodrigo Gordillo, Portfolio Manager and co-founder of Return Stacked ETFs, reveals how combining trend following and carry strategies as stacks may create a whole that is much greater than the sum of their parts.
(0:00) Introduction and systematic macro strategies overview
(1:44) Intuitive understanding of trend, carry, and futures markets
(7:35) Combining trend and carry strategies: Benefits and theories
(16:21) Trend following and futures...
2024-12-091h 15
Get Stacked Investment PodcastBonus Interview-Return Stacked ETFs: What You Need To KnowIn this episode of ETF Spotlight, host Neena Mishra discusses Return Stacking with Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management. The conversation delves into the concept of Return Stacking, also known as Portable Alpha, which uses leverage to enhance returns and diversify portfolios.
...
The RSSB performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the...
2024-12-0532 minThe Offroad InvestorThe Offroad Investor #10 | Presentamos el Fondo que Duplica tu Inversión sin Doblar tu RiesgoEn este episodio de 'The Offroad Investor,' Rafael Ortega y Rodrigo Gordillo analizan el panorama de la inversión todo terreno, destacando la técnica del Return Stacking y estrategias como el Carry. También discuten cómo optimizar carteras de inversión teniendo en cuenta la diversificación y la gestión de riesgos. A lo largo del episodio, reflexionan sobre fenómenos naturales como las inundaciones y su analogía con la preparación financiera. Finalmente, anuncian la disponibilidad del nuevo fondo Return Stacked Offroad FIL.
============
Más información:
⚡️FONDOS DE INVERSIÓN
Car...
2024-12-0555 min
Get Stacked Investment PodcastE6. Saving Delta’s Pension with Portable Alpha - Jonathan GliddeIn this episode, we delve into the world of portable alpha and risk management with Jon Glidden, a seasoned investor with over a decade of experience. Jon shares his journey from his early days in Newport News, Virginia, to his current role in managing billions of dollars. We explore the intricacies of portable alpha, the role of hedge funds, and the importance of governance buy-in.
(0:00) Introduction of Jonathan Glidden and his background in portable alpha strategies
(1:35) Podcast introduction, disclaimer, and hosts
(2:43) Sponsor: returnstack.com
(3:11) Jonathan's professional journey in portable alpha for Delta's pension plan
(14:27) Evaluating alpha sources and hedge funds...
2024-12-041h 08
Get Stacked Investment PodcastE5. Diversification 2.0: Mastering the Art of Portable AlphaPortable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it?
At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios.
Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve...
2024-10-181h 02The Offroad InvestorThe Offroad Investor #9 | ¿Por Qué No Estás Usando Return Stacking? (Más Rentable Sin Más Riesgos)En este episodio de "The Offroad Investor", Rafael Ortega y Rodrigo Gordillo profundizan en el concepto de Return Stacking, explicando cómo apilar retornos puede aumentar la eficiencia del capital sin añadir un riesgo significativo. También abordan la importancia de la diversificación en carteras todo terreno y cómo estrategias como Trend y Carry pueden complementar una cartera tradicional. Con ejemplos prácticos y reflexiones sobre la volatilidad, los anfitriones muestran cómo optimizar tu inversión en diversos escenarios de mercado.
**Contenidos Principales:**
Actualización de la cartera todo terreno.
Explicación básica d...
2024-09-191h 07
Get Stacked Investment PodcastE4. Live Q&A – Return Stacking During Market CorrectionsJoin Corey Hoffstein, Rodrigo Gordillo, and Mike Philbrick for a special live episode of the Get Stacked podcast, aired on August 6, 2024. This episode dives deep into recent significant market events, discussing the Nikkei's historic 12.5% drop, the yen's trend reversals, and market volatility.
AGENDA:
- Global Macro Update
- Broad expectations of Return Stacking during abrupt market selloffs
- Brief discussion on how different stacks are responding in this environment
- Q&A from the Audience
(0:00) Introduction to crisis alpha and trend following
(1:22) Podcast introduction, disclaimers, and live Q&A invitation
(4:28) Market events, macro thesis, and volatility in return stacking
(13:46) Defense...
2024-08-181h 07
Get Stacked Investment PodcastE3. Stacking In Higher Rate Environment, Taxes, Trend Replication UpdateIn this episode, the Get Stacked team, consisting of Rodrigo Gordillo, Corey Hoffstein, Adam Butler and Mike Philbrick delve into the intricacies of Return Stacking, market trends, and the impact of taxes on investment strategies. They provide detailed insights into their research and findings, discussing the implications of their work for the investment landscape.
(0:00) Introduction to the topic of risk-free rates and episode overview
(2:36) Return stacking in a higher interest rate environment and tax considerations
(4:15) Trend replication research and fundamentals of excess returns
(10:18) Leveraging futures contracts for portfolio construction
(17:31) Importance of non-correlated return streams in investing
(21:38) Deep dive into tax...
2024-08-011h 34The Offroad InvestorThe Offroad Investor #8 | Añadimos una Nueva Estrategia a nuestras Carteras Todo TerrenoEn este episodio de "The Offroad Investor", Rafael Ortega y Rodrigo Gordillo exploran el fascinante mundo de las estrategias de inversión todo terreno, enfocándose en la innovadora técnica de Return Stacking y la estrategia de Carry. Aprende cómo estas estrategias pueden transformar tu cartera de inversiones y ayudarte a maximizar tus retornos mientras gestionas los riesgos de manera efectiva.
**Contenidos Principales:**
- Introducción a Return Stacking
- Definición y beneficios de esta estrategia avanzada.
- Estrategia de Carry
- Qué es y cómo genera retornos adicionales.
- Indexación Alternativa
- Comparación entre la...
2024-07-041h 02The DerivativeCarry On: Demystifying the Carry Trade with Rodrigo Gordillo & Adam Butler of ReSolveWe’re back! Today’s podcast features The Derivative show stoppers Rodrigo Gordillo and Adam Butler of Resolve Asset Management discussing the carry trade and its
applications in investment strategies. They begin by explaining what the carry trade is and discussing common misconceptions around it. They then dive into different types of carry that can be found in various asset classes like bonds, commodities, currencies, and equities. The guests discuss how carry strategies can be implemented, either on their own or as part of a larger multi-strategy
portfolio. They also compare carry to trend following strategies and debate the pros...
2024-06-261h 04
Get Stacked Investment PodcastE2. Secrets of Private Equity, Cocoa Trends & Optimal CTA Portfolio WeightsCorey Hoffstein, Adam Butler, and Michael Philbrick join Rodrigo Gordillo to discuss trend replication, private equity's role in modern portfolios, and the impact of large AUM on trend following. They explore balancing alpha generation with risk management, optimal allocation, and leveraging through treasury futures.
(0:00) Introduction to private equity returns
(1:03) Welcome and podcast introduction
(2:23) Introduction of hosts and guests
(3:32) Discussion on trend replication and recent market trends
(8:35) Impact of large AUM on trend following performance
(21:09) Balancing alpha generation and risk management in trend following
(25:55) The significance of independent bets in managed futures portfolios
(32:28) Discussion on optimal allocation to trend following strategies
(38:16...
2024-06-0655 min
Resolve Riffs Investment PodcastNavigating Market Volatility: Mastering Managed Futures and Carry StrategiesIn this episode, ReSolve team members Adam Butler and Rodrigo Gordillo discuss the concept of market volatility and its implications for investment strategies. They delve into the intricacies of Carry strategies, their impact on portfolio returns, and how to navigate market volatility effectively.Topics Discussed• The concept of Carry in the investment world and its potential applications• The role of Trend and Yield in creating a fund• The importance of understanding the Carry strategy and approach• The impact of economic risk on Carry signals and expected future returns• Buil...
2024-05-311h 18
Get Stacked Investment PodcastE1. Enter the New World of Return Stacking - Inaugural Episode!In this episode, Corey Hoffstein from Newfound Research, and Rodrigo Gordillo and Adam Butler of Resolve Asset Management Global, discuss the concept of return stacking and its implications for investors. They delve into the challenges of beating the large cap U.S. equities market, the shift in conversations about return stacking from risk management to creating excess returns, and the potential of diversification in generating consistent positive excess returns.
Topics Discussed
• The difficulties of beating the large cap U.S. equities market and the need for diversification
• The shift in conversations about return stacking from risk...
2024-05-011h 14The Offroad InvestorThe Offroad Investor #7 | Cartera Offroad +13% YTD | Trend Following y Return Stacking® ExplicadosEn este episodio del podcast "The Offroad Investor", Rafael Ortega y Rodrigo Gordillo exploran las estrategias de inversión todoterreno, destacando cómo diversificar eficazmente para protegerse contra la volatilidad del mercado. Durante su conversación, desglosan el concepto de carteras equilibradas con activos tradicionales y alternativos, y cómo el reequilibrio y el apalancamiento inteligente pueden maximizar los retornos minimizando los riesgos. Descubre por qué una inversión bien diversificada es crucial en el actual entorno económico y cómo puedes aplicar estos principios a tu cartera para un rendimiento óptimo.
**Contenidos Principales:**
- Introducción a la inversi...
2024-04-2359 min
The Trade Busters128 - A Different Way to Outpeform w/ Rodrigo Gordillo-Follow Rodrigo on X @RodGordilloP
-Learn more about the Return Stacking Suite at: https://www.returnstackedetfs.com/ and https://www.returnstacked.com/
The Trade Busters provides actionable ideas to take your option trading to the next level. Through our educational podcast and instructional spreadsheets, we aim to empower the everyday retail trader. Discover unique ways of thinking through sizing, risk and leverage in your option strategies.
-View strategy mechanics, tradelogs and more at the trading page: https://www.thetradebusters.com
-Follow me on X @TheTradeBuster
-The Trade Busters Discord server is now live! Send me an email if you would like to join.
**Eve...
2024-04-2054 minThe DerivativeMiami Hedge Fund week Panel 2024 Part II: Increasing Accessibility of Alternative InvestmentsJoin us for the second half of our panel discussions during this year's Hedge Fund week in Miami as we explore increasing accessibility of alternative investments through new ETF products and strategies. We’ve got Rodrigo Gordillo taking reigns from the quantitative perspective, Jerry Parker talking trend following, Bob Elliot on replication and Jay Pestrichelli, options guru, guiding
us through hedge fund strategies, discussing their day-to-day responsibilities and tasks, highlighting differences in their approaches despite operating under the broad financial services umbrella.
We dive into challenges around educating investors on sophisticated strategies as well as recent regulatory cha...
2024-02-291h 08The Offroad InvestorThe Offroad Investor #6 | Inversión Todo Terreno: Claves del Éxito en Mercados Volátiles
En este episodio del podcast "The Offroad Investor", Rafael Ortega y Rodrigo Gordillo exploran las estrategias de inversión todoterreno, destacando cómo diversificar eficazmente para protegerse contra la volatilidad del mercado. Durante su conversación, desglosan el concepto de carteras equilibradas con activos tradicionales y alternativos, y cómo el reequilibrio y el apalancamiento inteligente pueden maximizar los retornos minimizando los riesgos. Descubre por qué una inversión bien diversificada es crucial en el actual entorno económico y cómo puedes aplicar estos principios a tu cartera para un rendimiento óptimo.
**Contenidos Principales:**
- Introducción a la inversi...
2024-02-2753 min
Global ThinkingMacro Musings from A Latam PerspectiveOn this episode Rob sits down with our good friend Rodrigo Gordillo from Resolve Asset Management. Rodrigo has a fascinating background and shares how hyperinflation in 1980s Peru shaped his life and investment philosophy. He also discusses why emerging markets have been more proactive in combating inflation over the last few years, and why inflation volatility will be higher this decade than the last. For more information on our podcasts please visit: https://forstrong.com/podcast/ Bitcoin ETFs: Crypto Moves Further Into The Mainstream Forstrong Global Insights
2024-02-1337 minThe Offroad InvestorThe Offroad Investor #1 | Masterclass Inversión Todo Terreno - Fundamentos de la inversión todo terreno, puntos débiles de las carteras 60/40, soluciones...Explicamos los fundamentos de la inversión todo terreno, comentamos los puntos débiles de la inversión tradicional y las carteras 60/40 y planteamos los temas y soluciones que desarrollamos en esta serie.
================
Nuestra misión en "The Offroad Investor" es ayudarte sacar el máximo rendimiento a tus inversiones a futuro y que siempre tengas suficientes ahorros durante el camino. ¿Cómo? Mediante estrategias de inversión todo terreno.
Más información:
⚡️FONDO CONSERVADOR
Cartera Permanente: Seguridad, Estabilidad, Rentabilidad
https://bit.ly/CarteraPermanente
⚡️FONDO EQUILIBRADO
River Patrimonio: Equilibrio entre Participar y Proteger.
https://bit.ly/RiverPatrimonio
⚡️...
2024-01-0928 minThe Offroad InvestorThe Offroad Investor #2 | Masterclass Inversión Todo Terreno - Diversificación Estructural, Cartera Permanente de Harry Browne y su Evolución, Activos y Escenarios económicos, Carteras All Weather...Definimos el concepto de Diversificación Estructural, explicamos la Cartera Permanente de Harry Browne, exploramos sus ventajas y limitaciones y exploramos las ideas que han surgido como evolución de estos conceptos como antesala a la creación de Carteras TodoTerreno modernas.
================
Nuestra misión en "The Offroad Investor" es ayudarte sacar el máximo rendimiento a tus inversiones a futuro y que siempre tengas suficientes ahorros durante el camino. ¿Cómo? Mediante estrategias de inversión todo terreno.
Más información:
⚡️FONDO CONSERVADOR
Cartera Permanente: Seguridad, Estabilidad, Rentabilidad
https://bit.ly/CarteraPermanente
⚡️FONDO EQUILIBRADO
River Patrimonio: Equilibrio...
2024-01-0936 minThe Offroad InvestorThe Offroad Investor #3 | MasterClass Inversión Todo Terreno - Cómo Construir la Cartera AllTerrain con Acciones, Bonos, Oro y Trend.Exploramos los pasos hasta crear la Cartera All-Terrain. Encontramos el equilibrio entre acciones y bonos, sumamos oro y materias primas, y encontramos las ventajas de utilizar estrategias trend con futuros para crear nuestro motor TodoTerreno que cumpla con el objetivo de generar rentabilidad a la vez que proteges tu patrimonio.
================
Nuestra misión en "The Offroad Investor" es ayudarte sacar el máximo rendimiento a tus inversiones a futuro y que siempre tengas suficientes ahorros durante el camino. ¿Cómo? Mediante estrategias de inversión todo terreno.
Más información:
⚡️FONDO CONSERVADOR
Cartera Permanente: Seguridad, Estabilidad, Rentabilida...
2024-01-0930 minThe Offroad InvestorThe Offroad Investor #4 | Masterclass Inversión Todo Terreno - Risk Parity, Return Stacking y Carteras AllTerrain, todo en uno......Exploramos los cambios de normativa recientes que han permitido que implementemos las Carteras AllTerrain/TodoTerreno de forma que puedan adaptarse a distintos niveles de volatilidad combinando conceptos de Risk Parity, Return Stacking y Diversificación Estructural.
================
Nuestra misión en "The Offroad Investor" es ayudarte sacar el máximo rendimiento a tus inversiones a futuro y que siempre tengas suficientes ahorros durante el camino. ¿Cómo? Mediante estrategias de inversión todo terreno.
Más información:
⚡️FONDO CONSERVADOR
Cartera Permanente: Seguridad, Estabilidad, Rentabilidad
https://bit.ly/CarteraPermanente
⚡️FONDO EQUILIBRADO
River Patrimonio: Equilibrio entre Participar y Proteger.
https://bit.ly/RiverPa...
2024-01-0932 minThe Offroad InvestorThe Offroad Investor #5 | MasterClass Inversión TodoTerreno - Retos de la Cartera AllTerrain y Futuro de la Inversión 4x4Acabamos la MasterClass discutiendo los retos de la Inversión 4x4, cómo podemos implementar este tipo de estrategias en Europa, y cual es el futuro de la inversión TodoTerreno.
================
Nuestra misión en "The Offroad Investor" es ayudarte sacar el máximo rendimiento a tus inversiones a futuro y que siempre tengas suficientes ahorros durante el camino. ¿Cómo? Mediante estrategias de inversión todo terreno.
Más información:
⚡️FONDO CONSERVADOR
Cartera Permanente: Seguridad, Estabilidad, Rentabilidad
https://bit.ly/CarteraPermanente
⚡️FONDO EQUILIBRADO
River Patrimonio: Equilibrio entre Participar y Proteger.
https://bit.ly/RiverPatrimonio
⚡️CARTERAS RETURN STACKED ALL-TERRAIN
Sac...
2024-01-0932 min
Resolve Riffs Investment PodcastChris Schindler - The Art of Wealth Creation: Insider Tips from Veteran Portfolio ManagerInvestment Mastery: Risk Parity, Portfolio Construction, and Systematic Investment Strategies for the everyday investor. In this video, Rodrigo Gordillo, President & Portfolio Manager of ReSolve Asset Management Global does a review of a 2020 interview with veteran portfolio manager and ex Toronto Teachers Pension Plan Managing Director, Chris Schindler, to add important commentary around the discussion on the principles of asset management, exploring risk parity, portfolio construction and systematic investing strategies. He also adds color around how market dynamics have changed since the initial interview and delves deep to help investors understand the evolution of investment strategies within this e...
2023-12-011h 15Resolve Riffs Investment PodcastThe Greatest Inflation & Bear Market Hedge Nobody’s Heard ofIn this episode, Rodrigo Gordillo sits down with David Triplo, Senior Associate, Diversifying Alternatives Research at Mercer, to discuss his journey from poker to prop trading and finally to systematic global macro trading. They delve into the intricacies of the trading industry, the impact of market changes, and the future of the CTA space.Topics Discussed• David Triplo's transition from poker to prop trading and his early experiences in the industry• The challenges and opportunities of trading on the future side and the specifics of cash basis tradi...
2023-10-121h 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 11
The Meb Faber Show - Better InvestingRodrigo Gordillo & Corey Hoffstein - Instagram Frauds, Inflation Volatility, Tech Crisis, & Return Stacking | #484Today’s returning guests are Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management, and Corey Hoffstein, co-founder and Chief Investment Officer of Newfound Research, and with this episode, ties for the most appearances ever on the show!In today’s episode, we start off by discussing some takeaways from prior periods of inflation volatility and lessons on managed futures from the Tech Crisis. Then we dive into return stacking. We first spoke to them about this back in 2021, but we get an update on the topic, lessons learned over the past few years, and t...
2023-06-071h 14
Insight is Capital™ PodcastReturn Stacking: Strategy for A Low Return EnvironmentIn this episode, we explore the concept of diversification by way of capital-efficient investing, through a strategy coined 'Return Stacking' and how historically, institutions have traditionally had more access to sophisticated strategies than retail investors and financial advisors. That has changed in the last 2-3 years with the advent of the introduction of ETF wrapped strategies now available to retail investors.We discuss why diversity and prudent use of implicit leverage are important factors in investing, and how adding leverage to an asset that is already expected to outperform cash can increase excess expected returns. We touched...
2023-05-151h 19The DerivativeVolatility as an Asset Class with Jason Buck, Zed Francis, Rodrigo Gordillo, and Luke RahbariWe’re back this week bringing you the second half of our Miami event - sharing the open discussion and panel portion that focused on volatility as an asset class. The panel was quite the collective of talent, with Luke Rahbari, CEO of Equity Armor Investments, Zed Francis, CIO and co-founder of Convexitas, Rodrigo Gordillo, president of Resolve Asset Management and Jason Buck, CIO and co-founder of Mutiny Funds.
In this packed VOL episode these four stir up an interesting discussion on volatility as an asset class, why we should care about volatility, and why it's necessary to...
2023-02-231h 21
Resolve Riffs Investment PodcastGestaltU with Alonso Gonzalez on Abundance: Unlocking Humanity's Unlimited Energy PotentialAdam and Rodrigo had the opportunity to chat with engineer and business owner Alonso Gonzalez about his upcoming book, and in particular his research on the transition from a dirty, inefficient fossil fuel economy predicated on scarce energy to a new energy economy founded on effectively infinite, distributed clean energy from the sun. Alonso shared a presentation that introduced a variety of novel concepts and assertions that makes a compelling case for a complete overhaul of earth’s energy sources and infrastructure, much of which will be quite noticeable and impactful within the next five to...
2023-02-092h 25
KapitalK47. Rodrigo Gordillo. La cartera todoterrenoWalter White en el primer capítulo de Breaking Bad. «He vivido toda mi vida con miedo. Asustado por las cosas que podrían pasar, que podrían no pasar. 50 años, he vivido así, despierto a las 3 de la noche. ¿Y sabes qué? Desde que recibí el diagnóstico duermo bien. Me he dado cuenta que el miedo es el principal enemigo». Rodrigo Gordillo entendió, mucho antes que Walter White, que la incertidumbre es el estado natural del mundo y que no debemos temerla sino aceptarla. Incluso aprovecharla. ReSolve Asset Management cuestiona la asignación clásica de bonos y acciones e...
2022-10-211h 50
UPTHINKING FINANCEAdapt or Die with Rodrigo Gordillo ReSolve Asset ManagementThe political and socio-economical world is changing rapidly. What’s happening isn’t just a part of the normal cycle. So how do we adapt in these changing times? In this episode of UpThinking Finance™, Rodrigo Gordillo shares why low inflation isn’t normal, talks about the Fed’s over-reliance on fiscal spending, and his company’s concept of return stacking (and how it works). Rodrigo Gordillo is the Co-Founder, Managing Partner, and Portfolio Manager of ReSolve Asset Management. They launched ReSolve in 2015 using a quantitatively focused investment methodology that they began developing when they worked as portfolio man...
2022-10-1444 min
The Meb Faber Show - Better InvestingRodrigo Gordillo and Corey Hoffstein – Return Stacking: Strategies for Overcoming a Low Return Environment (The Best Investment Writing Volume 6)Today’s episode features Corey Hoffstein and Rodrigo Gordillo reading their piece, Return Stacking: Strategies for Overcoming a Low Return Environment.Corey is a co-founder of and Chief Investment Officer at Newfound Research. Rodrigo President of and a Portfolio Manager at ReSolve Asset Management Global and has over 15 years of experience in investment management.The Best Investment Writing series features top research pieces that we’ve shared via The Idea Farm in the past year. Subscribe here so you get these sent to you each week.Check out the past series of The Best...
2022-10-1026 min
Insight is Capital™ Podcast127 What Diversification Play Tackles a Stagflation Blitz? The HRAA PlaybookOur guests on this episode are our co-hosts , Mike Philbrick and Rodrigo Gordillo. They are principals at ReSolve Asset Management Global. They happen to also be the sub-advisors to the Horizons ReSolve Adaptive Asset Allocation ETF ( HRAA:TSX ).We talk about the chronic problem that the majority of us investors are UNDER-DIVERSIFIED. Profoundly under-diversified. Why? Diversifiers are either 'killing it' or 'killing you.' The problem is that effective uncorrelated diversifiers underperform during benign market periods, and therefore wind up being under-invested during volatile down market periods. This time has been no exception...
2022-09-221h 32
Resolve Riffs Investment PodcastReSolve Riffs with the ReSolve Crew on Optimizing Risk Parity and Stacking AlphasFor this week’s special episode, Adam, Mike, Rodrigo and Richard gathered to explore the building blocks of an ultimate All Weather portfolio. Our conversation included: The blind spots of the 60/40 stock-bond portfolio Regime dependency and economic shocks Diversifiable versus non-diversifiable risks How to create an optimal portfolio that can navigate most regimes Why Global Risk Parity is the natural starting point for any investor with a long-term view Different ways to implement Risk Parity Time horizons and rebalancing Tactical tilts and the beta-alpha continuum Yield as another proxy for risk Global Carry as a complement to risk pa...
2022-06-171h 49
The DerivativeSetting the Risk Parity Record Straight (it’s NOT just stocks/bonds) with Resolve’s Rodrigo Gordillo and Mike PhilbrickWe’re talking with the purveyors of one of the best performing mutual funds thus far in 2022, the dynamically shifting asset allocator, RDMIX (past performance is not necessarily indicative of future results). It hasn’t all been rainbows and lollipops, however, for the ReSolve Asset Management Global team of Rodrigo Gordillo and Mike Philbrick, and they explain why and when a core of Risk Parity should work, and exactly what is and isn’t a Risk Parity approach (hint: it’s not just levered stocks and bonds).
In this episode, we're tackling topics like; does anyone actually use 60/4...
2022-05-121h 24
The StakeBorg DAO TalksStakeborg can become a leading web3 company | Tim Papandreou & Rodrigo GordilloA chill discussion between friends: Rodrigo Gordillo, Tim Papandreou and Vlad Mercori.0:00 Intro - Tim`s and Gordillo`s background04:44 Finest and worst career moments10:43 First contact with crypto14:34 What should we expect in the next months/years from a macro perspective?23:03 Why California is a global tech hub?27:47 Life principles for their children39:03 When your money goal will be accomplished, what do you plan to do with your time?45:02 What you knew for sure in your 20s but turned out to be completely wrong?50:00 What bias can we erase that would make the world a better place?54:19 Why they...
2022-05-101h 00
Resolve Riffs Investment PodcastReSolve Crew Riffs on Inflation Volatility and Smarter Portfolio AllocationsAfter a multi-decade slumber, inflation has been dominating the economic and financial zeitgeist over the last twelve months. The sustained sell-off in both US stocks and bonds at the start of 2022 was an unfamiliar sight to investors that grew accustomed to the negative correlation that created the once mighty 60/40 portfolio. Are we entering a new paradigm where inflation has both higher mean and variance? Adam, Mike and Rodrigo lay out their views for navigating inflationary times, including topics such as: The difference between sustained and volatile inflation Large supply and demand mismatch, combined with a reversal of globalization...
2022-02-231h 30
The Meb Faber Show - Better InvestingRodrigo Gordillo & Corey Hoffstein - You Now Get To Have Your Beta Cake While Eating Your Alpha Too | #368In episode 368, we welcome our guests, Corey Hoffstein, CIO and co-founder of Newfound Research, and Rodrigo Gordillo, President and PM at ReSolve Asset ManagementIn today’s episode, we’re talking about return stacking! Corey and Rodrigo joined forces to try and tackle the issue of how to generate returns in an environment with stretched equity and fixed income valuations. We hear how using a little bit of leverage to the traditional 60/40 portfolio can provide more than one dollar of exposure for every dollar invested. Our guests then walk us through what strategies investors can stack on top...
2021-11-151h 13
Resolve Riffs Investment PodcastReSolve Riffs on Return Stacking with Corey and Rodrigo - “Ask-Me-Anything” #AMATraditional portfolios are faced with the prospects of depressed expected returns in the coming years, as implied by current stretched valuations of stocks, and near record low rates and credit spreads for bonds. Our recently released paper – Return Stacking: Strategies for Overcoming a Low Return Environment – co-authored by Rodrigo and our good friend Corey Hoffstein, shows how investors may materially improve their chances of success by allocating to uncorrelated managers that may offer more ‘bang for your buck’ and free up valuable ‘portfolio real-estate’. Fielding questions from the ‘Twittersphere’ as well as our live audience, this episode covers: The pitfalls of...
2021-10-141h 42
Behind the Markets PodcastBehind The Markets Podcast: Corey Hoffstein & Rodrigo GordilloShow from 10/8/21Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing the employment report, fed posture, volatility in overseas commodities, and more. Then, are you interested in using an adaptive approach to investing? Host Jeremy Schwartz brings on the authors of a new paper titled “Return Stacking” about how to leverage to boost returns. Learn how to create an inflation sensitive basket of commodities, emerging market currencies, and more. Guest:Corey Hoffstein – Co-Founder and Chief Investment Officer of Newfound Research. Co-author of a new paper called “Return St...
2021-10-1353 min
Insight is Capital™ PodcastEp 85 Return Stacking: Strategies for Overcoming a Low Return EnvironmentAdam Butler, CIO and Rodrigo Gordillo, President, of ReSolve Asset Management Global join Pierre Daillie, from AdvisorAnalyst.com for an amazing discussion about ReSolve's latest research paper, "Return Stacking: Strategies for Overcoming a Low-Return Environment." In our discussion we cover the following points on this novel investment concept of portfolio construction:- Stretched valuations in equities and fixed income imply depressed returns and higher potential volatility for traditional portfolios.- Reaching for yield or increasing exposure to pro-cyclical assets may help compensate for low expected returns, but can increase portfolio risk....
2021-10-121h 15
Behind the Markets PodcastBehind The Markets Podcast: Corey Hoffstein & Rodrigo GordilloShow from 10/8/21
Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing the employment report, fed posture, volatility in overseas commodities, and more. Then, are you interested in using an adaptive approach to investing? Host Jeremy Schwartz brings on the authors of a new paper titled “Return Stacking” about how to leverage to boost returns. Learn how to create an inflation sensitive basket of commodities, emerging market currencies, and more.
Guest:
Corey Hoffstein – Co-Founder and Chief Investment Officer of Newfound Research. Co-author of a new paper called “Return Stacking.”
For more on Newfound Research visit their website: h...
2021-10-0853 min
Excess ReturnsReturn Stacking with Corey Hoffstein and Rodrigo GordilloWith bonds yields near all time lows and stock valuations near all time highs, the future returns of the 60/40 portfolio don't look promising. This has led many investors to move up the risk curve in an effort to boost their returns. But that increased risk also comes with an increased chance of significant problems in future market drawdowns.
This week, we talk to two guests who have come up with an interesting approach that attacks the problem of lower future expected returns in a very different way. We talk to Corey Hoffstein of Newfound Research and Rodrigo G...
2021-09-1952 min
The 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 30
Resolve Riffs Investment PodcastMasterclass: Decision Making (EP.02)Philip Tetlock’s research on the qualities of Super-forecasters explains why forecasting is hard and how diverse models and systematic thinking can help close the gap. We discuss: Improving predictions by regularly updating data The Brier Score and why it really matters Why larger samples permit more accurate short term predictions The difficulties with the “Long Now” narrative Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-04-1426 min
Resolve Riffs Investment PodcastReSolve Riffs with Ted Seides on Capital AllocatorsThis is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global. Our guest this week was none other than Ted Seides, host of the popular Capital Allocators podcast. Ted began his career under the tutelage of endowment legend David Swensen at Yale University Investments, then went on to found Protégé Partners, investing and seeding small hedge funds. This career arc gave him a unique perspective into the decision-making processes of multi-billion-dollar institutions, as well as the por...
2021-04-131h 31
Resolve Riffs Investment PodcastMasterclass: Stewarding Long-Lived Wealth (EP.01)Anyone who is responsible for stewarding wealth, from a high net worth person, to a family office, to an investment firm, to a pension plan. We discuss: Long term preservation of wealth for 30, 50, 100 years Building an investment “house” to weather all storms The difference between earning wealth and protecting it long term Clearing the “high confidence” bar Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-04-0719 min
ReSolve's MasterclassWhere the Rubber Meets the RoadHow we can prepare for every investment scenario. We discuss: Risk Parity and Futures Markets Leverage and Value Diversification Outsourcing Expertise Integrating Asset Classes to Maximize Returns Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1218 min
ReSolve's MasterclassLiquidity CrashesHow can we manage for scenarios when Liquidity evaporates? We discuss: The mechanics of a Liquidity Shock The Fed and the Long Volatility Gap Diversification, Tail Hedge Protection and Theta Bleed Dennis Rodman and the Long Vol Trade Yield, Growth and Inflation Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1220 min
ReSolve's MasterclassExtracting Benefits From AnomaliesHow can we move from Factor Beta to Alpha? We discuss: Swensen, Yale and aligning incentives The cycles of factor investing Machine learning, the Bias/Variance trade off and Alpha Ensembles Sustainable Alpha through continuous Innovation Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1226 min
ReSolve's MasterclassAdding More BetsWhat additional Sleeves can we add to maximize diversity? We discuss: Style premia, factors, smart beta – the benefits and risks Efficient negative Sharpe ratios Redemptions and “noise traders” Larry Swedroe and anomalies Value characteristics and correlations Flows and Arbitrage opportunities Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1223 min
ReSolve's MasterclassSticking PointsHow do we eat Sharpe ratio and meet financial goals with a maximally diversified portfolio? We discuss: Using leverage in a robust and diversified portfolio to preserve diversification while achieving target returns Why “credit” is not a distinct asset class and does not increase diversity Integrating your bets The repercussions of levering up What makes Risk Parity hard Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1219 min
ReSolve's MasterclassThe Rebalancing PremiumTraditional yields are low, so how do we meet our funding obligations? We discuss: Rebalancing highly diversified portfolios to generate 3%-5% in excess returns The Diversification Ratio and maximally diversified portfolios The increased value of maximally diversified commodity sleeves Special advantages for non-institutional investors Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1222 min
ReSolve's MasterclassBalanceDiversity of investments only produces “diversification” if asset classes are held in proper balance. We discuss: The 60/40 portfolio and why it’s not diversified or risk-balanced The advantages of Global Risk Parity Portfolios How leverage helps to preserve diversification Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1222 min
ReSolve's MasterclassPreparation Before PredictionInvestors are often prone to “home-country” equity bias and other heuristics that leave them under-exposed to the world’s many diverse opportunities. We discuss: The importance of global asset class diversity Ray Dalio and the “All Weather Portfolio” Making portfolios resistant to inflation and growth shocks Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1216 min
ReSolve's MasterclassDecision MakingPhilip Tetlock’s research on the qualities of Super-forecasters explains why forecasting is hard and how diverse models and systematic thinking can help close the gap. We discuss: Improving predictions by regularly updating data The Brier Score and why it really matters Why larger samples permit more accurate short term predictions The difficulties with the “Long Now” narrative Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1226 min
ReSolve's MasterclassStewarding Long-Lived WealthAnyone who is responsible for stewarding wealth, from a high net worth person, to a family office, to an investment firm, to a pension plan. We discuss: Long term preservation of wealth for 30, 50, 100 years Building an investment “house” to weather all storms The difference between earning wealth and protecting it long term Clearing the “high confidence” bar Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.
2021-03-1219 min
Resolve Riffs Investment PodcastMétodos cuantitativos para una cartera de inversión de 100 añosIn this episode, Rodrigo Gordillo, Rafael Ortega and Ignacio Villalonga from Zona Quant discussed quantitative methods in Spanish.
2021-02-262h 15
Resolve Riffs Investment PodcastSpeaking Strategies in Spanish – Rodrigo Gordillo interviewed by Ignacio Villalonga on Rebalancing, Diversification and MoreIn this episode, Rodrigo Gordillo had the pleasure of being interviewed by Ignacio Villalonga from Zona Quant, a quant blogger who is part of a growing community of quantitative investors from Spain. In this inaugural Spanish speaking episode, Rodrigo fielded a series of questions sourced from the Spanish speaking FinTwit community that covered everything from proper global diversification and how to minimize data mining, to the benefits of the Rebalancing Premium, and much more. Zona Quant: https://www.rankia.com/blog/zona-quant
2021-01-271h 45
Insight is Capital™ PodcastEp. 46 Mike Philbrick and Rodrigo Gordillo, Resolve AMOur conversation with Resolve Asset Management's Mike Philbrick and Rodrigo Gordillo. We discuss how in little more than 10 weeks we have gone from "What's going on with the market? Is the world ending?" to "What's going on with the market? Why isn't the world ending?" Investors have a second chance now in the midst of the COVID-19 shutdown shock, the biggest single economic event of our lifetimes, to revisit their portfolio construction, and to reconstruct their portfolios so as to capture the highest realized risk adjusted returns, and all but eliminate their exposure to 4-standard deviation, black...
2020-06-011h 25The 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 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 min
Power Your AdviceEpisode 5 – Get Your Clients Comfortable Being Uncomfortable – with Rodrigo GordilloRecorded live at the GTE Wealth Forum XI, this episode of Power Your Advice features Doug Heikkinen and Rodrigo Gordillo, Managing Partner at ReSolve Asset Management, discussing: ReSolve Asset Management’s focus on strategic asset allocation Why it is important to make your clients comfortable being uncomfortable with new asset strategies The importance of expanding your … Continue reading Episode 5 – Get Your Clients Comfortable Being Uncomfortable – with Rodrigo Gordillo →
2020-02-1012 min
The Meb Faber Show - Better Investing#180 - Rodrigo Gordillo - “This Craftsmanship Perspective Is About Identifying The Difference Between Complex Versus Robust”In episode 180 we welcome back our guest, Rodrigo Gordillo. Meb and Rodrigo start the conversation with a walk through Rodrigo’s background and his experience growing up in Peru. Rodrigo then gets into his framework for thinking about investing and how that evolved into what he and his team is doing at ReSolve.Rodrigo then spends some time on the knowledge gained by studying and backtesting investment strategies. He stresses the use of “ensembles” rather than isolating single parameters for more robust investment processes.Meb shifts the conversation and asks Rodrigo to talk about ReSolve’s machin...
2019-10-091h 18