April was the worst month for equities since March 2020, with the S&P down -8.9% month over month. Thankfully there’s bonds to fall back on right? For those living under an igneous formation, the inflation-Fed theme continues to provoke selling in equities and a tightening of credit (pushing bond prices down). As elsewhere reported, this is […]
Author: rcm-alternatives
25
May
2022
19
May
2022
Vol Arb, Rates Vol, Dispersion, & Risk Premium. Part II with Noel Smith
We’re back for part two with Noel Smith @NoelConvex – where we dig into the types of options and volatility strategies, he employs for his Convex AM hedge fund. For the background on why he’s worth listening to on that front, listen to Part 1 about marketing making on the CBOE floor, Getco, and more […]
16
May
2022
A Dozen Trend/CTA Resources you didn’t know you needed…until now!
We’ve been talking about trend following, commodity trading advisors (aka CTAs), and managed futures for more than a decade, leading to comments like this over on Twitter. I have to say for anyone wanting to learn more about trend-following @rcmAlts is worth a follow. So many great resources from whitepapers to infographics to a podcast. […]
12
May
2022
Setting the Risk Parity Record Straight (it’s NOT just stocks/bonds) with Resolve’s Rodrigo Gordillo and Mike Philbrick
We’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 @RodGordilloP and Mike Philbrick @MikePhilbrick99, […]
10
May
2022
Asset Class Scoreboard: April 2022
Look who’s on TOP !! It’s been a while…so we’ll thank you for the courtesy of a small victory lap. And boy, is this time different. Managed futures typically does well in market crisis periods when all risk assets correlate, sending markets like energies, grains, and metals lower alongside stocks, all with a nice kicker […]
05
May
2022
The Glory Days, Market Making & Trading Options at the CBOE with Noel Smith of Convex AM
This week, we’re painting the picture of what life on Chicago’s option trading floors was like at the CBOE…but there’s a catch — we put it all on the table and needed two episodes! Today’s guest came into asset management in a round-about way – trading his own money for decades before venturing into the […]
04
May
2022
VOLATILITY JEDI TRAINING IS TRULY NEVER DONE…
May the Fourth is a special day for Star Wars fans to unite worldwide and celebrate the franchise’s movies, series, video games, comics, and all other aspects of the iconic science fiction universe created in 1977 by filmmaker George Lucas. *cues the Star Wars anthem* One may not believe that Investing and Star Wars go […]
28
Apr
2022
Trend Following, Signal Deterioration, & Crypto Modelling With Quant Artur Sepp
This week, we’re adding another stamp to our Derivative passport and traveling to Zurich, Switzerland, as we talk to the Head of Systematic Solutions and Portfolio Construction at Sygnum Bank’s Asset Management, Artur Sepp @ArturSepp — who specializes in crypto-assets and decentralized finance. Artur has led quantitative research at systematic trend-following hedge fund Quantica Capital, focusing […]
25
Apr
2022
March Mutual Fund Flows
Assets generally flowed into alternative-focused funds in March. The world started to digest the idea that Russia’s war with Ukraine wouldn’t be over quickly. On the home front, the Fed maintained its hawkish tone. While equities prices rose, more money wants to incorporate some kinds of diversification. The mutual funds below reflect that appetite, with […]
21
Apr
2022
What’s New about the New -1x/+2x VIX ETFs SVIX and UVIX with Stuart Barton, Jim Carroll and Vance Harwood
A little over four years since 2018’s Volmageddon, and 2 years after TVIX got terminated – two new VIX ETF’s were recently launched – the 1x short VIX exposure SVIX and 2x long VIX exposure UVIX by VelocityShares. What’s different about them, how do they protect against another Feb of 2018 event. We’re going straight […]
