By RCM Alternatives
4.7
4848 ratings
The podcast currently has 179 episodes available.
In this episode of the Derivative podcast, our host Jeff
Chapters:
01:33-14:25= Navigating the Fragmented and Inefficient Muni Bond Market
14:26-29:15= Complexities in structure, credit & policy
29:16-36:28= Muni Bonds in a changing market: Opportunities & Challenges
36:29-52:37= Election/Fed cuts? The importance of tailoring your clients portfolio
52:38-01:01:00= Experiences with Muni Bonds, covid-sell offs and tax advantages
Follow along with Riverbend Capital on Twitter @Riverbend_Cap, Tom & Tim on LinkedIn, and check out their website Riverbendcapitaladvisors.com for more information!
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
In todays episode, Jeff Malec sits down with Bill Gebhardt, the founder of 10 Dynamics, to discuss his interesting career journey and the development of his unique systematic trading approach. Bill shares his background, from working on the floor of the CBOE in the early 90s to earning a PhD in finance and transitioning into the energy trading space. He provides insights into the evolution of the commodity markets, including the rise and fall of Enron, and the challenges of maintaining an edge in fundamental trading. The conversation then delves into Bill's transition to systematic trading, sparked by his exposure to a successful systematic team at
Bill explains his "allergic to optimization" philosophy and the benefits of using multiple time frames to generate positions. He also discusses the importance of risk management, operational efficiency, and adapting to changing market conditions. Throughout the episode, Bill shares his unique perspective on the markets, the role of
Chapters:
00:00-01:40= Intro
01:41-4:18= Puddle jumping to across the pond / ski adventures
4:19-14:46= Quants, Derivatives, Energies & Enron: Starting 10Dynamics
14:47-31:55= Prop trader behaviors, philosophy 101, random walk paths & systematic approaches
31:56-43:39=Time frames – why they matter, deploying risk & flat investments
43:40-53:47= Models vs traders, Quant trading, fundamental filtering & never cherry picking
53:48-01:05:09=Mispricing, Alpha decay & Delta hedging
From the episode:
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
Today’s episode on The Derivative, Jeff Malec sits
Chapters:
00:00-02:02=Intro
9:16-20:38= KWEB – The China Tech ETF, Carbon Emissions and downside protection
20:39-34:53= The Pillars of Krane Shares: Liquid futures,
34:54-48:34= The Evolution of the ETF, ETF options, starting an ETF and the challenges that come with it
48:35-58:02= Further developments, Unique ETFs and new ETF restrictions
From the episode:
The Derivative podcast episode with Nancy Davis
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
Today's episode features an in-depth discussion with discretionary global macro trader Asim Ghaffar, founder and CIO of AG Capital. Ghaffar shares his insights on the recent market volatility, including his views on the potential triggers behind the sell-off and the chances we have for a recession. Was it just a blip on the radar, algos deleveraging? He explains his discretionary macro trading approach, highlighting the importance of risk management, position sizing, and the psychological challenges of the business. Ghaffar also discusses the differences between his strategy and systematic trend following, as well as the unique opportunities smaller managers can pursue compared to large global macro funds. In this chat we also explore Ghaffar's personal journey into the industry, the challenges of starting a hedge fund, and his long-term outlook on markets, including his perspective on the role of gold in a portfolio.
Chapters:
00:00-02:01=Intro
02:02-11:14= What triggered the Sell-off? The Yen Carry
11:15-22:35= The secret sauce to a long-term approach, algo moves and the mental games of trading
22:36-31:55= Discretionary vs Global Macro & the
31:56-43:00= Psychology & Philosophy? The real head
43:01-49:50= The potential of a recession, who wants it? Fed rate cuts, the wealth effect, & investment vs trend
49:51-01:06:19= What’s beyond the horizon, staying out of the noise and focus on the fed
01:06:20-01:14:22= Commodity prices for discretionary
From the episode:
Derivative episode: Wisdom from the wizard maker with
Follow along with Asim on LinkedIn and AG Capital's LinkedIn. For more information on AG Capital visit agcapital.fund
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
In this episode of The Derivative, host Jeff Malec sits down with DeWayne Louis and Nishant Gurnani
The conversation explores the evolving skill sets required in the hedge fund industry, including the importance of math, quantitative finance, and AI/machine learning expertise.
Join us for this comprehensive look into the quantitative investment strategies and innovative thinking that have helped Versor navigate the competitive hedge fund landscape over the past decade.
00:00-01:38=Intro
01:39-12:22= Summer in the City and starting a Quant firm
01:01:39-01:10:51= Long short equity, use of data & the next 10 years
From the episode:
Versor10: A Decade of quantitative research in 10 whitepapers
Bastian Bolesta on The Derivative episode
Salemn Abraham on The Derivative episode
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
In this episode of the Derivative we chat with Gary Selz, co-founder of Zero Delta Funds. Gary shares his background growing up in Chicago and studying electrical engineering at Northwestern University. He discovered options trading through a financial engineering course and was introduced to a Chicago prop trading firm. Gary discusses his experience training as a new trader at the prop firm. He explains how traders are given time and support to learn before getting their own book to trade. Gary reflects on the diverse career paths that can lead traders to prop shops, from poker players to accountants. The conversation covers Gary's transition from trading to investing his own money in volatility
00:00-01:34=Intro
01:35-15:45=Electrical engineering to prop trading, nature vs nurture & trading floor antics
15:46-25:08= Balancing talent with technology in prop firms – traders finding their edge
25:09-31:42= Launching Zero Delta, investing in volatility with no strategy drift
31:43-45:19= Option vs Vol traders, Getting an edge, seeking out specialty traders
45:20-57:01= Single name vol, what’s Zero delta? And positioning your portfolio for the unknown
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
We’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
00:00-01:31= Intro
01:32-10:31= What’s a carry trade?
10:32-20:34= Types of carry in different asset classes & Implementing strategies
20:35-33:11= Carry vs Trend & portfolio applications of carry
33:12-49:05= Combining carry & trend: How does it fit together?
49:06-01:04:54= Why Carry? The future of carry strategies
From the episode:
The Rise of Carry(Book)
The Carry Trade post
Get Stacked Podcast
ReSolve Riffs Podcast
Setting the Risk Parity Record Straight - The Derivative episode
Researching the Risks of return stacking with Corey Hoffstein & Rodrigo Gordillo - The Derivative episode
Asset Allocation, AI, and the Alpha process with Resolve - The Derivative episode
Follow along with ReSolve Asset Management on Twitter/X @InvestReSolve Adam Butler @GestaltU & Rodrigo Gordillo @RodGordilloP, LinkedIn and check out their research page for more information
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
Joe Kelly, partner at Campbell & Co., joins us this week for a new episode of The Derivative. Jeff starts talking skiing, as he’s apt to do, but this time is a bit different, with Joe sharing an update on his recent recovery from a nasty ski accident that nearly left him paralyzed (or worse). We
Joe touches on the firm's focus on collaboration and shared research culture differing from the classic ‘pod shop’ model. Kelly and Malec discuss Campbell's investment strategies, including trend following, quantitative macro, long/short equity, and short-term trading.
01:51-13:04= Skiing gone wrong and finding resilience to
13:05-22:10= Early trading days: FinTech, Hedging stock
22:11-35:57= A Campbell opportunity, firm culture &
35:58-48:03= A 4 Bucket approach, stable vol, convexity
48:04-58:29= Quant Macro vs Trend – Momentum signals and relative value strategies / Replication: Impossible?
58:30-01:06:19= What’s next? Date density and Short-term opportunities - Wait, what about A.I.?
From the episode:
MMI Index Article (Blast from the past: How futures saved stocks)
Panel Event Podcast with Joe Kelly (Why Systematic, Why CTA? Why Now?)
Andrew Beer on The Derivative episode (Fund replication)
Check out our Trend Following Guide!
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
This episode of The Derivative discusses the current state of Volatility – and how to use those measurements in diversifying investment strategies with Jeremie Holdom and Colin Suvak of LongTail Alpha, an investment firm focused on tail risk hedging. The guests share insights into their work, analyzing volatility across asset classes and constructing customized hedging solutions for institutional investors.
Jeff, Jeremie, and Colin do something a little bit different in this pod – walking through several graphics and charts to discuss notable stats and trends in implied and realized
Learn about Longtail's customized approach to constructing hedging solutions around tail hedging costs and frameworks like generalized optionality and how the firm evaluates basis risk. This discussion also covers challenges measuring counterparty risk and the interplay between explicit and implicit hedging strategies. Sit back and look at how professionals interpret shifting market dynamics and construct diversified portfolios using alternative risk mitigation approaches. SEND IT!
Chapters:
00:00-02:24=Intro
08:41-18:11= Generalized optionality & Risk mitigation – Long vol, the core of basis risk
18:12-24:25= Diversifying strategies, hedging Nasdaq, customized approach, & tail risk hedging
24:26-37:24= Keeping tabs on all type of Vol – why does it matter? Basis risk across all asset classes
37:25-51:32= Implied vs realized Volatility, Volatility skew & short-term vol
51:33-01:00:44= The Vol selling influx / 0DTE
01:00:45-01:15:27= The shake out & blending all pieces together
From the episode:
Taming the tails with LongTail Alpha’s Vineer Bhansali on The Derivative
LongTail Alpha Whitepaper: Option Total Return and Active Option Portfolio Management
Follow along with LongTail Alpha on Twitter with Vineer Bhansali @longtailalpha , on LinkedIn with Jeremie Holdom & Colin Suvak & also check out there website for more information: LongTailAlpha.com
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
In this in-depth conversation, Jeff Malec picks the brain of veteran quant Doug Greenig about pursuing trends on a truly global scale. Greenig takes listeners on his fascinating career journey, from cutting-edge fixed income modeling at Goldman Sachs to managing risk at MAN AHL's pioneering CTA firm. He explains how this
Chapters:
00:00-01:48=Intro
01:49-04:21= Diverse economies
04:22-22:25= Economist turned PH.D, fixed income derivatives & trend potential in emerging markets
22:26-37:00= Alternative markets/Alternative trend: Exposure to CTAs, global orientation & unique opportunities
37:01-51:20= Refining models, when narratives change, signal strength & volatility targeting
51:21-01:01:34= What drives trend, removing the narrative & moving into a complex world
01:01:35-01:06:59= Florin Court...the apartment building?
From the episode:
Guide to Trend Following
Follow along with Doug on LinkedIn and for more information on Florin Court and their team visit florincourt.com
Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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 opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
The podcast currently has 179 episodes available.
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