In 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 tr...
Oct 12, 2023•1 hr 1 min•Ep. 177
In this conversation, we delve into the world of quantitative investing, exploring its intricacies, misconceptions, and the common mistakes people make when trying to apply it. The discussion also sheds light on the importance of asking the right questions and setting up the problem correctly in quant investing. Topics Discussed • The common misconception that a single tool or program can solve all problems in quant investing • The importance of setting up the problem correctly and asking the ri...
Oct 03, 2023•1 hr 28 min•Ep. 176
In this conversation, the ReSolve team is joined by Bob Elliott, a prominent figure in the financial industry, to discuss monetary policy, inflation and the role of central banks. They delve into the complexities of the current economic landscape, addressing the impact of fiscal policy, wage growth, and the role of alpha in investment strategies. • Discussion on the impact of monetary policy on inflation and the consequences of not running a sufficiently tight policy in response to economic shoc...
Sep 28, 2023•1 hr 43 min•Ep. 175
In this episode, PJ Pierre, a leading voice in the field of Modern Monetary Theory (MMT), joins the ReSolve team for a deep dive into the complexities and implications of MMT. The conversation explores the role of government in fiscal policy, the impact of deficit spending, and the potential consequences of MMT on the economy. Topics Discussed • The discussion begins with an examination of the conventional belief that government must first collect taxes before spending, and how this view influen...
Sep 21, 2023•1 hr 39 min•Ep. 174
In this episode, we dive deep into the world of financial markets and economic models with our guest, Joaquin Kritz Lara from Numera Analytics. We explore the importance of a probabilistic approach, the role of uncertainty, the dynamics of inflation, and much more. • The importance of a probabilistic approach in financial markets and the disregard around uncertainty • The role of economists and their strong beliefs around how the world works • The dynamics of inflation and its impact on financia...
Aug 15, 2023•1 hr 31 min•Ep. 173
The ReSolve Team welcomes Eric Basmajian, founder of EPB Research, and Jeff Weniger, a renowned financial analyst. We delve into the current state of the economy, the potential for a recession, and the role of the banking sector in these dynamics. We also discuss the influence of leading, coincidental and lagging indicators in economic cycles. • Introduction to Eric Basmajian and Jeff Weniger, discussing their backgrounds and influences • Discussion on the potential disparity between equity mark...
Aug 01, 2023•1 hr 15 min•Ep. 172
In this episode, Dominique Dwor-Frecaut shares her journey from working in large organizations such as the IMF and the New York Fed to her current role in a startup called Macro Hive. She discusses the culture of meritocracy, openness to ideas, and learning from mistakes that defines Macro Hive, and how it differs from her previous experiences. Topics Discussed • Insight into the culture of meritocracy at Macro Hive and the value of diverse opinions and contributions • Comparison of policy enact...
Jul 27, 2023•1 hr 10 min•Ep. 171
In this comprehensive episode, Danielle DiMartino Booth, CEO & Chief Strategist for QI Research, joins the discussion to tackle various topics surrounding the Federal Reserve's leadership, monetary policy and the current economic challenges. Key themes covered include: • Jay Powell's leadership and controversies within the Federal Reserve Board • The impact of monetary policies on Wall Street, mortgage rates and unregulated loans, with insights into Powell's motivations and challenges • The ...
Jun 28, 2023•57 min•Ep. 170
Meketa’s Jason J. Josephiac, Senior Vice President / Research Consultant, and Ryan Lobdell, Managing Principal / Consultant, joined Adam and Rod to discuss their new white paper. They discuss key strategies and insights for managing risk and allocating assets in today's challenging investment environment, covering a wide range of topics, such as: • The importance of comprehensive risk management and portfolio allocation strategies in diversifying investments • Innovative Investment approaches an...
Jun 17, 2023•1 hr 24 min•Ep. 169
In this episode, the ReSolve team is joined by Darius Dale, Founder and CEO of 42 Macro, to discuss the importance of macro indicators and strategies for navigating uncertain times in the financial markets. He covers a vast array of topics, including: • The role of macro indicators in understanding market cycles and making informed investment decisions • The Weather model as a risk management tool, focusing on 10 principal components of macro • The impact of institutional investors on Bitcoin's ...
Jun 15, 2023•57 min•Ep. 168
In this episode, the ReSolve team is joined by Alfonso Peccatiello, a macro strategist and the creator of the popular Twitter account @MacroAlf, to discuss liquidity, the global macro landscape, and the implications for investors. We delve into various topics, including • The impact of demographics and debt on economic growth and the challenges faced by countries in maintaining living standards •The significance of the Global Liquidity Index in understanding rapid changes in equity market behavi...
Jun 15, 2023•1 hr 47 min•Ep. 167
In this episode, the Doomberg team explores the complexities of energy policy, market dynamics, and innovative solutions for a decarbonized and sustainable future. The discussion covers a range of topics, including: • Balancing passion, authenticity, and market strategies in business, writing, and investing • The pros and cons of various energy solutions, such as solar, nuclear, and alternative energy sources • Evaluating the political context of energy policies and the role of government in sha...
May 31, 2023•1 hr 21 min•Ep. 166
In this comprehensive exploration of global liquidity, Michael Howell shares his expertise and insights on a range of critical topics affecting financial markets, economies, and investment opportunities. Throughout the discussion, the following themes are explored: •Central bank policies, inflation, and market liquidity: Global perspectives and challenges • Monetary policy, government spending and inflation: Impacts on the global economy and investment • Global liquidity, monetary inflation, and...
May 24, 2023•1 hr 26 min•Ep. 165
In this episode, Corey Hoffstein, CIO of Newfound Research, Rodrigo Gordillo, President of ReSolve Global* and Adam Butler, CIO of ReSolve Global, delve into the concept of return stacking and introduce the innovative RSBT Return Stacked™ Bonds & Managed Futures ETF. This podcast is essential for investors, financial advisors, and anyone interested in learning more about return stacking, the RSBT ETF, and the potential benefits of combining bonds and managed futures for portfolio diversifica...
May 17, 2023•1 hr 16 min•Ep. 164
In this episode, the ReSolve team is joined by Julian Brigden, Co-Founder & President of Macro Intelligence 2 Partners, to discuss his outlook on the current macroeconomic landscape, focusing on the secular USD trend and its impact on global markets. We cover a wide range of topics, including: • The ongoing debate between inflation and deflation, and the potential consequences of each • The role of central banks in driving market liquidity and asset prices, and the implications for investors...
May 10, 2023•1 hr 29 min•Ep. 163
In this episode, the ReSolve team welcomes Roni Israelov, Chief Investment Officer and President of NDVR, to discuss advanced portfolio strategies for optimizing tax efficiency, credit exposure, and cash flow objectives. We explore a wide range of topics, including: Roni's background and experience in asset management, including his time at AQR Capital Management and Lehman Brothers The importance of portfolio construction and implementation in achieving investment goals The challenges and oppor...
May 03, 2023•1 hr 33 min•Ep. 162
In this episode, the ReSolve team is joined by Vlad Aldea and Ross Fortune from ATNV Energy LP for an insightful conversation exploring the intricacies of the electricity markets, and how their careers led to the creation of ATNV Energy. During the episode, Vlad and Ross cover a wide range of topics related to electricity markets, including: • The similarities and key differences between electricity markets and other energy commodities like natural gas and oil • The importance of a strong founda...
Apr 19, 2023•1 hr 30 min•Ep. 161
In this episode, the ReSolve team talks with Oliver Rust, Head of Product at Truflation , a blockchain-based project that aims to provide real-time inflation forecasting. We discuss a range of topics, including: The current challenges in measuring inflation and the potential benefits of utilizing blockchain technology in inflation forecasting An introduction to Truflation and its mission to provide more accurate, real-time inflation data How decentralized oracles can help improve the accuracy an...
Apr 11, 2023•1 hr 26 min
In this episode, the ReSolve team is joined by Brian Moriarty, Associate Director of Fixed Income at Morningstar Research Services, and Dave Nadig, Chief Futurist at VettaFi Financial, to discuss the recent demise of Credit Suisse and the complexities of capital structure in banks. They explore various topics, including: • The persistent overweight of fixed-income mutual funds in financials, and in particular, banks • The impact of the 2008 global financial crisis on the capital structure of ban...
Apr 04, 2023•1 hr 20 min•Ep. 159
In this episode, the ReSolve team delves deep into the challenges and emotional rollercoaster associated with trend following amid an uncertain market environment. They discuss an array of topics, including: • The impact of Jerome Powell's recent statement on interest rates and its implications for market participants • The role of central bank policies on systematic investment strategies • The lack of clear trends, economic trajectories, and market signals in today's financial landscape • The i...
Mar 29, 2023•1 hr 9 min•Ep. 158
In this episode, Adam, Rod and Mike review a new whitepaper called Peering Around Corners: How to Replicate Trend Following Managed Futures. They cover the motivation, methods, analysis and conclusions including: · why managed futures produce strong returns · the role of managed futures in a stock / bond portfolio · why every strategy is vulnerable to lost decades, and the role of diversification · why investors probably shouldn’t be worried about flows to managed futures · why replication does ...
Mar 15, 2023•1 hr 26 min•Ep. 157
In this episode, Adam, Rod, Mike and Richard review the topics covered in the ReSolve Masterclass podcast series and offer context and updates in response to the 2022 investment experience. Specifically, they cover: • Why asset allocation is more important than security selection • How diversifying globally can help to reduce risk • How to triangulate on the outcome of asset classes by drawing from multiple perspectives and sources of information • How to think about long-lived assets and how th...
Mar 13, 2023•1 hr 28 min•Ep. 156
In this episode, our guest Jerry Parker, founder and CEO of Chesapeake Capital, a global systematic trend-following investment manager, shares his insights on: His journey from being a student of legendary trader Richard Dennis to running his own trend-following fund The importance of sticking to a disciplined process despite market noise Why trend following is the ultimate solution for diversifying portfolios How to navigate compliance hurdles and get exposure to trend following strategies The ...
Mar 03, 2023•1 hr 18 min•Ep. 155
Our guest this week was Jeremy Schwartz, Global CIO of WisdomTree ETFs, a global ETF manager with over $70 billion in AUM. Our conversation covered: Why it is important to consider refinancing your house at a lower interest rate and to move your excess cash to higher-yielding accounts How managing your savings has become more crucial in the current low interest rate environment Why your checking account is costing you money and what you can do to avoid it How the recent surge in money supply and...
Feb 24, 2023•1 hr 7 min•Ep. 154
Adam 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 sou...
Feb 09, 2023•2 hr 26 min•Ep. 153
This week we welcomed back Andy Constan (CEO / CIO of Damped Spring Advisors) and thought-provoking commentator on financial markets. His deep understanding of the global macro landscape and structure of markets, as always, made for a fascinating conversation that covered: A disciple of two completely different and complimentary schools of global macro excellence Navigating his portfolio in 2022 through the Twitter looking glass Listening between the lines and hearing the drumbeat of quantitativ...
Feb 01, 2023•1 hr 35 min•Ep. 152
Our guest this week was David Cervantes, founder of Pine Brook Capital Management. With a rich and diverse background within the investment industry, in the last few years David has dedicated his time to managing his family office and has been developing a macroeconomic framework that considers the objectives and incentives of policymakers as the primary economic drivers. Our conversation included topics such as: Empirical economic analyses and insights from the ‘school of hard knocks’ Fundament...
Jan 24, 2023•1 hr 24 min•Ep. 151
This week we had the pleasure of speaking with Bob Elliot (who can be found on Twitter @BobEUnlimited), CIO at Unlimited, a new investment firm that launched a hedge fund replication strategy in ETF format. Our conversation included: Bob’s career and especially his years at Bridgewater Associates The synergies between macro research and systematic investing Systems that create discipline and leverage (the non-financial kind) A better sense-making process within an investment framework Why most i...
Jan 17, 2023•1 hr 44 min•Ep. 150
For the opening episode of the new year we had the pleasure of speaking with Aahan Menon, founder and CEO of Prometheus Research , which seeks to democratize access to elite financial research to the general public. This great conversation covered several topics, including: A macro framework focused on the interplay between the real and financial economies, and the business cycle The main driving forces in markets and the economy: growth, inflation and liquidity Key variables for measuring liqui...
Jan 09, 2023•1 hr 31 min•Ep. 149
Our guest this week was Dr. Andrew Butler, Chief Investment Officer here at ReSolve. He has an Honors B.Sc. in Applied Mathematics & Physics from Memorial University, an M.A. in Applied Mathematics & Statistics, Financial Engineering from York University, and a PhD from the University of Toronto, Department of Mechanical & Industrial Engineering. Our conversation covered: Mentors, studying optimization, machine learning and emulating similarities Comparing methodologies used in calcu...
Dec 23, 2022•2 hr 9 min•Ep. 148
