This interview with Mike Harris explores the strategies and challenges of the Quest Hedge Fund, from CTA trend-following and AI trading models to the overcrowded quant equity space. We also dive into statistical arbitrage, multi-strat funds, the macro outlook, and the advantages & risks of using AI.

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Timestamps:

(00:00) Introduction

(00:20) Mike Harris Background As a Quant

(03:07) Quest Hedge Fund

(04:30) CTA Trend Following Strategy

(11:50) Trend Following Examples

(16:47) Permissionless Ad

(17:44) Interview Continues

(19:33) Quant Equity Trading Getting Crowded

(22:52) Statistical Arbitrage

(27:17) Risks to Statistical Arbitrage

(32:11) Multi-Strat Hedge Funds

(33:32) Lack of New Fund Launches

(39:04) Sharpe Ratio In Strategies

(41:34) Private Market Investing

(48:29) Volatility Strategies

(54:17) Macro And Stock Market Outlook

(01:02:26) Risks To Quest

(01:06:02) Risks To Training Models With AI

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets