Resolve Riffs Investment Podcast

ReSolve Riffs with Roni Israelov on Advanced Portfolio Strategies for Tax Efficiency, Credit Exposure, and Cash Flow Goals

In this episode, the ReSolve team welcomes Roni Israelov, Chief Investment Officer and President of  NDVR, to discuss advanced portfolio strategies for optimizing tax efficiency, credit exposure, and cash flow objectives.  We explore a wide range of topics, including: Roni's background and experience in asset management, including his time at AQR Capital Management and Lehman Brothers  The importance of portfolio construction and implementation in achieving investment goals  The challenges and opportunities in managing custom lifestyle-protected growth portfolios  The role of research and model building in informing and optimizing investment strategies The impact of transaction costs and factor decay profiles on portfolio performance  The benefits and risks of incorporating short-term signals within long-term investment models, and using short-term models to adjust overall trading Lessons learned from building and managing option strategies focused on harvesting volatility risk premiums  The role of investor psychology and behavioral biases in decision-making and portfolio management  The importance of diversification and risk management in navigating uncertain markets  The complexity of characterizing individual investors' utility functions and the need for custom portfolios to best satisfy unique objectives Future trends and potential opportunities in the wealth optimization space    This episode is a must-listen for anyone interested in advanced portfolio strategies, tax efficiency, credit exposure, and cash flow goals, providing valuable insights and practical advice for navigating complex financial markets and achieving lasting success in the world of investing.   This is “ReSolve Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association ("NFA"). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

ReSolve Riffs with Vlad Aldea & Ross Fortune on Arbing the Electricity Markets

In this episode, the ReSolve team is joined by Vlad Aldea and Ross Fortune from ATNV Energy LP for an insightful conversation exploring the intricacies of the electricity markets, and how their careers led to the creation of ATNV Energy. During the episode, Vlad and Ross cover a wide range of topics related to electricity markets, including: • The similarities and key differences between electricity markets and other energy commodities like natural gas and oil • The importance of a strong foundation in understanding the physical grid, including generation, load, and transmission aspects • The concept of load hedging and its relevance in the electricity market • The role of Independent System Operators (ISOs) in managing regional grids in the United States • The significance of financial transmission rights (FTRs) and their role in the electricity market • The increasing impact of storage technologies like hydro storage, pumped storage, and batteries on the electricity market • The fungibility of electrons and the accounting abstractions used in electricity markets • The challenges and opportunities in analyzing and trading within the electricity market • The evolution of ATNV Energy and its focus on transmission analysis and financial trading in the electricity market • The importance of adaptability, risk management, and collaboration in the ever-changing landscape of electricity markets • The critical role of transmission in the electricity markets and its impact on the grid’s reliability and accounting   This episode is a must-listen for anyone interested in understanding the complex world of electricity markets, providing valuable insights and strategies to navigate this unique and rapidly evolving sector.   This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

ReSolve Riffs: Oliver Rust of Truflation on Real-time Inflation Forecasting with Blockchain & Oracles

In this episode, the ReSolve team talks with Oliver Rust, Head of Product at Truflation, a blockchain-based project that aims to provide real-time inflation forecasting. We discuss a range of topics, including: The current challenges in measuring inflation and the potential benefits of utilizing blockchain technology in inflation forecasting An introduction to Truflation and its mission to provide more accurate, real-time inflation data How decentralized oracles can help improve the accuracy and reliability of inflation forecasting The potential impact of recent central bank actions on inflation and the global economy Jerome Powell's tough position as the head of the Federal Reserve and his focus on his legacy The complexity of managing inflation, employment, and financial stability simultaneously The role of the Fed and the government in supporting local and regional banks during turbulent economic times The importance of new inflation measurement tools like Truflation in helping investors make better allocation decisions The long-term implications of current economic policies on inflation and financial markets How to get involved with and follow the developments of Truflation and its data This episode is a must-listen for anyone interested in understanding the complexities of inflation management, the potential benefits of blockchain technology in forecasting, and the role of central banks in a rapidly changing global economy. Discover insights and strategies to navigate these intricate markets and stay informed on the latest developments in real-time inflation forecasting.   This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

ReSolve Riffs on Swiss Banking and Capital Structure Debacle with Brian Moriarty and Dave Nadig

In this episode, the ReSolve team is joined by Brian Moriarty, Associate Director of Fixed Income at Morningstar Research Services, and Dave Nadig, Chief Futurist at VettaFi Financial, to discuss the recent demise of Credit Suisse and the complexities of capital structure in banks. They explore various topics, including:   • The persistent overweight of fixed-income mutual funds in financials, and in particular, banks • The impact of the 2008 global financial crisis on the capital structure of banks and the regulations put in place • The fertile hunting ground for active managers in the complex capital structure of banks • The Credit Suisse trade setup and its implications for fixed-income portfolios • A comparison of capital structures between regulated banks and traditional US corporates • The unique contractual clauses and outcomes of European and US preferred shares, specifically contingent convertible bonds (Cocos) and Tier 1 capital (AT1) • The nuances between Swiss and other European banks' AT1 and regulatory requirements • The performance of the capital structure regulations since the global financial crisis • The importance of understanding the risks and nuances within different levels of the capital structure • The role of bank counterparties and the potential risks they pose to the stability of financial institutions   This episode is a must-listen for anyone interested in banking, capital structure, and the intricacies of fixed-income investing, providing valuable insights and strategies to navigate the uncertain financial landscape and better understand the complexities of banking institutions.   This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

ReSolve Riffs on the Emotional Rollercoaster of Trend Following

In this episode, the ReSolve team delves deep into the challenges and emotional rollercoaster associated with trend following amid an uncertain market environment. They discuss an array of topics, including:  • The impact of Jerome Powell's recent statement on interest rates and its implications for market participants  • The role of central bank policies on systematic investment strategies  • The lack of clear trends, economic trajectories, and market signals in today's financial landscape  • The importance of maintaining small positions and staying prudent in turbulent times  • Potential shifts in the market and what investors should watch for  • The role of investor psychology in trend following and how to manage emotions during market turbulence  • The importance of diversification and its benefits in navigating uncertain markets  • The effects of market noise on trend following strategies and how to filter relevant information  • The potential benefits and risks of leveraging systematic signals in the current market environment  • The role of risk management and position sizing in trend following strategies  • The impact of behavioral biases on decision-making and portfolio management  • The team's thoughts on future trends and potential market opportunities This episode is a must-listen for anyone interested in trend following, market volatility, and the challenges of investing in today's uncertain environment, providing valuable insights and strategies to navigate these complex markets. This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.