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Join us for a thought-provoking conversation with David Rosenberg of Rosenberg Research as we discuss the global macro outlook and why David believes the US economy is on the verge of recession. We examine the parallels between the current economic cycle and past cycles, particularly the 1920s and 1970s, and discuss how past Fed tightening cycles have played out for the economy and asset prices. D...

Today we are joined by Clint Stone SVP of Investments at the Larry H Miller Company to hear about running an endowment style investment approach at a family office. We discuss Clint’s approach to asset allocation which is focused on long term capital appreciation. A key pillar of the portfolio is a large allocation to private markets and we discuss the rationals for this. We delve into the foundat...

Join us as we sit down with Brian Proctor, Managing Director at EMC Capital Advisors, for an insightful conversation on the evolution of their trading methodology since the early days of the Turtle Program. Discover what sets them apart from competitors and the key factors they believe contribute to a successful CTA. Explore their use of algorithms to balance risk in a volatile market and how trad...

Richard Brennan returns to discuss the idea of applying trend following on a shorter term time frame and why this might not make sense, the most optimal solutions for selecting managers, how to best avoid selection bias in the process and why the validated track record of a fund manager is so important. We also discuss how the analogy of hunting on the savana can be applied to trend following and...

If you're curious about the state of natural resources in today's market, this episode is for you. Our guest Adam Rozencwajg shares his insights on a wide range of topics when it comes to the global commodity markets. Discover why oil is struggling to surpass $80 despite the OIL Put, OPEC's surprise production cuts, and China's reopening. We also explore why US and European Nat Gas prices have yet...

Join us for a conversation with Cem Karsan, where we discuss the likelihood of the US economy going into stagflation and how we are at an interesting inflection point in terms of market risk as we head into the summer. We also get into how panic is akin to death in positioning and how artificial intelligence may affect us as investors. And finally we dig into Cem’s outlook for earnings and price a...

This episode features a discussion with Martin Wolf, the FT’s Chief Economics Commentator and “the world’s preeminent financial journalist”. Wolf’s new book The Crisis of Democratic Capitalism explains why the marriage between democracy and capitalism is breaking down, not from external threats but from within. He expands on these internal threats during our conversation, which he believes have th...

Today I'm joined by Mark Rzepczynsky following the quarterly meeting of the TBAC in a week where the FED also raised interest rates. We discuss the concept of inertia and how it can be applied to economics and markets, why it is important to have macro awareness whilst being concious of the level of complexity to ensure your model remains robust. We also discuss the idea of "warner vs. warnee" in...

If you liked last week’s Global Macro conversation with Cem Karsan you are going to LOVE this epic Macro debate as he and Alfonso Peccatiello, aka MacroAlf, go head to head on the most pressing topics of our time. From inflation and interest rates to De-Dollarization, China, Geo-Politics, Oil, Gold, and more, these two brilliant macro thinkers challenge each other's perspectives in a thought-provo...

Alan Dunne returns to the show for a weekly conversation on Trend Following, where we reflect on the current global macro environment and the challenges that markets are facing at the moment. We discuss how to approach the percentage allocation to Trend Following when reaching retirement age and the current drawdowns that we see in the trend space, how to use risk mitigation strategies to create a...

Join us for an enlightening conversation with Cem Karsan, where we dive deep into the state of the volatility markets and the risks that come with the current low volatility environment. We explore the lagging effects of FED actions and their impact on the markets, as well as the potential impact of inflation, the upcoming US election season, and the current US debt ceiling situation. Get ready fo...

Join us for a compelling conversation with Nick Baltas on the topic of trend following, where we explore the rising appetite for institutions to buy-the-dip in fixed income markets and how the SVB event has impacted liquidity. Discover if you can time trend following by adding additional signals to your model, the academic sceptisism of timeseries momentum as a strategy and why trend following goe...

Get ready for a thought-provoking conversation with Stephen Roach, former Chief Economist at Morgan Stanley and current Senior Fellow at Yale’s Paul Tsai China Center, as he delves into the deteriorating relationship between China and the US. With his new book "Accidental Conflict: America, China and the Clash of False Narratives", Stephen unravels the narratives that led to this new Cold War and...

Guillaume Jamet, Co-CIO at Metori Capital Management joins us for a conversation on how pivoting to a rigorous scientific approach uncovered ways of better capturing trends in markets. We discuss his "alternative" view on Sharpe and why being a trend following CTA is not as easy as it might seem and how they break down conventional rules in markets to fix what is not working. We also uncover how G...

Join us for a riveting conversation with Andrew Beer, where we dive deep into the world of systematic trend following, CTA Replication, and much more. As we explore the current state of central banks, we uncover the challenges that come with investing during periods when yields rise. Andrew shares his insights on why the language used in portfolio management can be misleading and what happens when...

Join us for an insightful and personal conversation with Rick Rule, a renowned investor and speculator with decades of experience in sub $1,000,000,000 market capitalisation public and private issuers in natural resource industries. With a track record of structuring and leading numerous debt and equity issuances for resource companies worldwide, Mr. Rule shares his expertise on navigating the com...

Join us for an in-depth conversation with Douglas Greenig, CEO of Florin Court, as we explore their unique approach to managing $2 billion in assets using a systematic trend following program focused on alternative markets. Discover how they navigate the current macro environment by prioritizing skew over the traditional Sharpe ratio, their process for uncovering new markets, and their strategies...

Join us for an engaging conversation with Rob Carver, where we delve into the world of systematic trend following. We explore topics like how to forecast future market volatility and the pros and cons of using a Value at Risk methodology. We also discuss the benefits and drawbacks of tail risk hedging, and whether percentage or price differences are better for estimating standard deviation. As a s...

Join us for a thought-provoking conversation with Professor Barry Eichengreen, Professor of Economic and Political Science at University of California, Berkeley as we discuss what we can learn from economic history in the current volatile global macro environment. We discuss the uses and misuses of history and look at what history tells us about the policy response to the current strains in the ba...

Join us for an in-depth conversation with Douglas Greenig, CEO of Florin Court, as we explore their unique approach to managing $2 billion in assets using a systematic trend following program focused on alternative markets. Discover how they navigate the current macro environment by prioritizing skew over the traditional Sharpe ratio, their process for uncovering new markets, and their strategies...

Join us for an eye-opening conversation with Richard Brennan, as we explore the world of trend following and delve deep into the unusual moves in fixed income markets and its impact on trend following performance during a month of March Madness. Discover how the design of trend following strategies allow it to be “prepared” for unforeseen events without overcomplicating the investment approach, an...

Join us for a thought-provoking conversation with Rana Foroohar, global business columnist and author of "Homecoming: The Path to Prosperity in a Post Global World". In this episode, Rana discusses the need for a localized economy to find a balance between the power of big government and large corporations. We explore how a prosperous, localized economy can be created by retethering wealth and pla...

Get ready for an engaging conversation with Bruno Gmür, the Founder and CIO of Quantica Capital, as we explore their unique approach to systematic diversified trend following. Join us as we dive into the world of relative trend following and why volatility isn't always the right measure of risk. Bruno shares his insights on the challenges of estimating covariance matrices and expected returns duri...

Join us for an insightful conversation with the renowned Cem Karsan as he sheds light on the current financial landscape, from the recent banking crashes to Central Bank Rate Hikes and Geo-Political developments. Discover the reasons behind the unprecedented moves in the volatility space and how they're impacting different strategies, including trend following. Cem shares his thoughts on the criti...

This is an episode for those who want to hear an alternative view of the world's largest country. McKinsey has said we are living in the “Indian Century”. Morgan Stanley believes 20 percent of global growth in the next decade will come from India. Our guest today, Princeton economist Ashoka Mody, has a different view, which he details in his new book: “India Is Broken”. He argues that there are tw...