Resolve Riffs Investment Podcast

ReSolve Riffs on How to Replicate Trend Following Managed Futures

In this episode, Adam, Rod and Mike review a new whitepaper called Peering Around Corners: How to Replicate Trend Following Managed Futures. They cover the motivation, methods, analysis and conclusions including: ·       why managed futures produce strong returns ·       the role of managed futures in a stock / bond portfolio ·       why every strategy is vulnerable to lost decades, and the role of diversification ·       why investors probably shouldn’t be worried about flows to managed futures ·       why replication does not negate the presence of manager alpha ·       how replication is related to returns based style analysis ·       how other authors replicated Buffet’s alpha and how it relates ·       why one might want to replicate a managed futures index ·       choice of simple vs complex replication methods ·       top down replication methods - pros and cons ·       bottom up replication methods - pros and cons ·       why top down and bottom up replication complement each other’s strengths and weaknesses ·       how well a combination of top down and bottom up replicates the trend following index ·       why investors might expect to achieve fee alpha from managed futures replication ·       and much more… This discussion of a new whitepaper should help investors understand how replication strategies work and the role that a managed futures replication strategy might play in portfolios. 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 Timeless Investment Wisdom and 2022

In this episode, Adam, Rod, Mike and Richard review the topics covered in the ReSolve Masterclass podcast series and offer context and updates in response to the 2022 investment experience. Specifically, they cover: • Why asset allocation is more important than security selection • How diversifying globally can help to reduce risk • How to triangulate on the outcome of asset classes by drawing from multiple perspectives and sources                     of information • How to think about long-lived assets and how that changes your mindset when you're thinking about investments • How to steward long-lived wealth and make decisions based on preparation rather than prediction • How to balance and rebalance a portfolio • How to think about alpha and tail protection • How to put it all together in an investment framework • How to analyze investment performance over different economic cycles and regimes • How to use a systematic process to select the group of assets and the weights of those assets and how often to rebalance them in a portfolio • How to use systematic investing to analyze investment performance over many decades and different economic cycles and regimes ·       And much more…   This update of the ReSolve Masterclass series is essential listening for anyone who wondered how the concepts and methods held up in an inflationary environment and is curious about what to expect going forward. 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 with Jerry Parker on Diversification, Outlier Hunting, and Loose Pants

In this episode, our guest Jerry Parker, founder and CEO of Chesapeake Capital, a global systematic trend-following investment manager, shares his insights on: His journey from being a student of legendary trader Richard Dennis to running his own trend-following fund The importance of sticking to a disciplined process despite market noise Why trend following is the ultimate solution for diversifying portfolios How to navigate compliance hurdles and get exposure to trend following strategies The potential benefits of maximizing convexity in a portfolio How to create the perfect standalone portfolio that doesn't rely on passive indexes The role of education versus pain and reward in motivating change and decision-making Jerry's approach to risk management and how it can lead to both serious strategies and potential profits The vast potential of ETFs in providing access to more markets And so much more This is a fascinating and informative episode for anyone interested in trend following, portfolio diversification, and risk management in today's 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.

ReSolve Riffs with Jeremy Schwartz on Inflation, Fed Policy & Factor Positioning for the Current Environment

Our guest this week was Jeremy Schwartz, Global CIO of WisdomTree ETFs, a global ETF manager with over $70 billion in AUM. Our conversation covered: Why it is important to consider refinancing your house at a lower interest rate and to move your excess cash to higher-yielding accounts How managing your savings has become more crucial in the current low interest rate environment Why your checking account is costing you money and what you can do to avoid it How the recent surge in money supply and inflationary pressures may impact the economy and investments Why there is still a structural shift in the labor market and how it could affect real wages How the divergence between equities and rates markets may impact investors and the Fed's policies Why it is important to diversify your equity portfolio with lower duration, higher quality and lower valuation companies How alternatives and inflation hedges can play a significant role in asset allocation and provide return stacking opportunities Why commodities can be a useful diversifier to stocks and bonds, particularly in an inflationary environment How passive commodity exposure can act as a direct hedge against inflationary environments and provide balance to a portfolio Why investors should consider a stock-bond capital efficient portfolio, and how does it work? Why is a leveraged 60-40 portfolio a good combination for taxable investors, and why did WisdomTree choose equity underlying and futures on top of it for a leveraged 60-40 position  How investors can outperform cash with a third of the portfolio that is available for investment in diversifiers, and what are some examples of diversifiers  How adding managed futures to a stock-bond portfolio provides diversification and protection during inflationary shocks  What companies are under the hood of an AI portfolio, and how are they selected   And much more. 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 Inc. 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 Inc. is a registered person with the Cayman Islands Monetary Authority.

Alonso Gonzalez on Abundance: Unlocking Humanity's Unlimited Energy Potential

Adam and Rodrigo had the opportunity to chat with engineer and business owner Alonso Gonzalez about his upcoming book, and in particular his research on the transition from a dirty, inefficient fossil fuel economy predicated on scarce energy to a new energy economy founded on effectively infinite, distributed clean energy from the sun.   Alonso shared a presentation that introduced a variety of novel concepts and assertions that makes a compelling case for a complete overhaul of earth’s energy sources and infrastructure, much of which will be quite noticeable and impactful within the next five to seven years. Topics covered include:   Impacts of the exponential age of knowledge Megatrends of energy abundance and digitization Uncertainty as the source of anxiety From linear to exponential growth and how the past is no longer useful in understanding the future Difference between innovation and disruption and the phases and timeline of disruption Understanding general terms about energy Understanding current energy production and consumption  Visualizing a chronological road map of the transition from fossil fuels to renewable energy in the near future Consequences of energy abundance   We hope you enjoy our conversation with Alonso Gonzalez!   Hosted by Adam Butler and Rodrigo Gordillo of ReSolve Global*   *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.