A new paper by Rodrigo Gordillo and Adam Butler of Resolve Asset Management and Corey Hoffstein of Newfound Research is out this week, purporting to add a new term to the investing lexicon – “Return Stacking.” What? What is return stacking, and what are stacked returns? Well, you can download the full paper here […]
Category: Global Macro
14
Sep
2021
08
Sep
2021
Asset Class Scoreboard: August 2021
Welcome to the dog days of summer… unless you’re U.S. equity markets, which again posted a new all-time high. That’s seven months in a row of relatively straight-up action for equities. When will it end and How will it end? are the questions on everyone’s mind. Elsewhere, Commodities took a little hiatus, along with bonds […]
20
Aug
2021
Charting a Chinese Commodities Course with Fred Schutzman of Abingdon Global
What do you do when trends stop appearing for the quarter of a billion dollars you manage? Where do you go to find markets like the ‘good old days’ for trend following? Our guest for this episode, Abingdon Global’s Fred Schutzman is in a unique position to answer those questions – and much more! Listen […]
03
Aug
2021
Asset Class Scoreboard: July 2021
More of the same for the asset class scoreboard in July, as US real estate, US stocks, and Commodities all led the way – further cementing their double digit returns for the year (and adding quite a bit to the inflation narrative making the rounds. The biggest surprise, perhaps, was bonds putting in a strong […]
17
Jun
2021
Sowing the Seeds of AI Strategies with Howard Siow of Taaffeite Capital Management
Artificial Intelligence is a hot topic in every walk of life, and perhaps no more so than in the world of hedge funds and alternative investments. Howard Siow, Founding Principal and CEO at Taaffeite Capital, joins The Derivative to discuss how AI is used in the hedge fund world, and how everyone wants AI to […]
11
Jun
2021
Asset Class Scoreboard: May 2021
Not much to report on with the old asset class scoreboard if you like change. All of the asset classes we track put up positive returns in May, for the 2nd straight month, meaning it was more of the same in terms of the year – with all the risk on assets: commodities, real estate, […]
28
Apr
2021
Where are the Lumber Trend Followers?
But one well worn internet trope we haven’t seen tied to the rise in lumber prices is the inevitable blaming of CTAs, aka managed futures, aka trend followers for the move. That game usually starts out with JP Morgan’s Marko Kolanovic or one of the Nomura quants putting out some statistics on where he […]
14
Apr
2021
Asset Class Scoreboard: March 2021
Commodities have been the biggest topic so far this year, but we saw a small dip in performance in March due to the (unforeseen) bullish report released by USDA. Commodities are expected to pick back up in the following months, and overall are still performing high with positive double-digit returns for the year. In other […]
24
Mar
2021
How 54 Markets Have Performed Since the March 2020 Covid Lows
One year ago – where were you? Doing cool zoom backgrounds. Stacking a pile of books to act as your at home standing desk. Home schooling!! Trying to understand what a VIX of 80 means? We were all trying to get a handle on just what the new normal would be, and if our economies […]
04
Mar
2021
Crazy Commodity Cycles (and cross-continent motorcycles) with Jim Rogers on The Derivative
The king of Commodities has entered The Derivative ring. You know his name, you’ve read his books, you’ve probably utilized his index, and now you’re listening to him in this most recent podcast episode. Jim Rogers is an American investor and financial commentator, and was there at the start of the Quantum Fund and Soros […]
