In this episode, Moritz Seibert is joined by Ricardo Leiman and Pedro Marion from KLI Asset Management, a UK-based commodities-focused hedge fund. Ricardo and Pedro explain why KLI’s trading approach is rooted in deep fundamental analysis of commodity supply and demand and how they integrate commodity equities into their portfolio. Furthermore, they mention that the strong diversification across their portfolio of about 30 markets allows them to hold directional positions longer term, avoiding stop-outs on short-term price reversals – a feature that’s also an edge. Ricardo and Pedro also provide color on markets which they believe are currently interesting, including copper, sugar, coffee, oil, and EUA emission allowances.
-----
EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Niels on Twitter, LinkedIn and YouTube.
Follow Moritz on Twitter.
Follow Ricardo on LinkedIn
Follow Pedro on LinkedIn
Episode TimeStamps:
02:09 - Introduction to Ricardo and Pedro
06:18 - What is their edge?
07:57 - What commodities are they trading?
08:46 - Why they don't trade cocoa
11:09 - Acquiring information through networking
13:40 - Why and how do they trade commodity equities
17:15 - What do they consider long-term?
19:38 - Why isn't copper sky rocketing?
22:01 - Their approach to options
22:50 - How they incorporate trend following in their trading
25:24 - Global macro perspectives
27:28 - No hard landing?
28:35 - Is the coal market dying?
31:14 - The outlook of EUAs
35:03 - Do they formulate a price target in their models?
37:08 - A disconnect in the green transition
38:58 - Natural gas market integrating with LNG
40:55 - Their view on the grain markets
43:34 - A quick touch on other markets
44:20 - Thanks for listening
Copyright © 2023 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Privacy Policy
Disclaimer
IL10: Chip War (FT's Best Business Book 2022) ft. Chris Miller
SI222: Trend Following vs Tail Hedging to Protect Your Portfolio ft. Rob Carver
GM30: The Era of Weather Volatility ft. Shawn Hackett
SI221: Will 2023 be another Trend Following Year? ft. Alan Dunne
ALO12: How to Invest like a Private Bank ft. Shannon Saccocia
SI220: Is It Too Late for Trend Following? ft. Mark Rzepczynski
GM29: What if the World isn't Ending? ft. Marko Papic
SI219: The Impact of Secular Inflation ft. Cem Karsan
GM28: Draught, Deflation, Default & Global Depression ft. Simon Hunt
SI218: Trend Following to the Rescue ft. Richard Brennan
TTU121: Trend Following... from Optional to Essential ft. Nick Baltas
SI217: Finding the Optimal Trend Following Allocation ft. Rob Carver
GM27: Central Banks were Warned about their Failed Policies ft. William White
SI216: A New Era for Trend Following? ft. Alan Dunne
GM26: Out with the FED Put & In with the OIL Put ft. Adam Rozencwajg
SI215: Trend Following vs Volatility to Protect Your Portfolio ft. Cem Karsan
IL09: The Money Revolution...Rethinking Economic Growth ft. Richard Duncan
SI214: Trend Following & CTA Replication ft. Andrew Beer
IL08: Why The Best Quitters Win ft. Annie Duke
SI213: Trend Following Records are being set in 2022? ft. Richard Brennan
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast