The Derivative RCM Alternatives

In this in-depth conversation, Jeff Malec picks the brain of veteran quant Doug Greenig about pursuing trends on a truly global scale. Greenig takes listeners on his fascinating career journey, from cutting-edge fixed income modeling at Goldman Sachs to managing risk at MAN AHL's pioneering CTA firm. He explains how this
experience led him to establish Florin Court Capital and develop novel ways of accessing over 500 international markets. Greenig and Malec engage in a lively debate about capturing narrative shifts, the effects of high-speed trading, and how allocators can balance exposure to alternative trends. Listen in on unique insights into operational challenges like structuring swaps to trade illiquid assets. Greenig also discusses how Florin Court scales risk across a massive portfolio while still delivering the crisis protection allocators seek. This revealing episode pulls back the curtain on one firm's quest to follow profits wherever macro winds may blow. SEND IT!



Chapters:

00:00-01:48=Intro

01:49-04:21= Diverse economies

04:22-22:25= Economist turned PH.D, fixed income derivatives & trend potential in emerging markets

22:26-37:00= Alternative markets/Alternative trend: Exposure to CTAs, global orientation & unique opportunities

37:01-51:20= Refining models, when narratives change, signal strength & volatility targeting

51:21-01:01:34= What drives trend, removing the narrative & moving into a complex world

01:01:35-01:06:59= Florin Court...the apartment building?



From the episode:
History of Managed Futures whitepaper

Guide to Trend Following



Follow along with Doug on LinkedIn and for more information on Florin Court and their team visit florincourt.com



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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

This episode is a fascinating deep dive into the complex
world of logistics. Our guest is Chris Jamroz, CEO of Roadrunner, a serial logistics entrepreneur who has indeed seen and done it all over his career.

Chris provides colorful anecdotes about his past 100+
acquisitions and turnarounds, including the challenges and lessons learned along the way. He then gives listeners an up-close look at his current ventures - Roadrunner, an LTL shipping company known for its blazing-fast delivery speeds, and Global X, a rapidly growing charter airline.

The wide-ranging discussion touches on how the pandemic disrupted global supply chains and the "nearshoring" trend of moving manufacturing closer to home. Chris also shares insightful perspectives on economic conditions, the potential and limitations of automated trucking, and the value private equity brings to facilitating turnarounds.

For those interested in alternative investments, Chris
even discusses how his family office allocates to areas like equipment leasing, real estate, and hedge funds. Overall, it's a very entertaining and educational podcast that provides a true insider's view of the logistics industry. SEND IT!

Chapters:

00:00-01:19= Intro
01:20-06:49= Extracting value across the continent

06:50-13:45= Quality freight transportation, LTL Players, allure of trucking life, 100+ acquisitions

13:46=26:00= Logistics & the global economy, freight recession post COVID spikes & the global supply

26:01-33:58= Rate pain points, the trigger effect, inflation & automated trucking – is it even possible?

33:59-45:20= Private equity = Devil or angel? Removing barriers & Deserving the right to grow

45:21-51:10= LyonIX & other ventures


Learn more about Chris: https://chrisjamroz.com/
& Roadrunner and follow along with Chris on LinkedIn @
Chris Jamroz ⁠& Roadrunner



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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

Brent Belote, founder and CIO of Cayler Capital, joins the podcast to discuss the growth of his now 5 year systematic oil trading strategy. He provides insights into analyzing supply and demand fundamentals and using quantitative models to capitalize on events in the physical oil market. Brent also shares lessons from starting his own fund and managing risk at a smaller scale. Hear about trends in the energy sector, including the impact of geopolitics, refining capacity, and green-flation (just how close are we?). Brent offers his outlook on oil prices and explores other areas of knowledge and experience in the energy sector. This one is an engaging conversation you won’t want to miss, so kick back and explore with us as we navigate through commodity markets and the experience of building a successful investment firm. SEND IT!


Chapters: 

01:31-02:59= Skiing and family growth

03:00-10:32= Advances in the strategy, event driven success & Oils gone flat

10:33-27:47= Building a business, podshop thoughts & multi-strat models

27:48-36:02= Oil in ’23 – warmer temps means spiking refining numbers

36:03-43:42= Greenflation – are we ready, are we even close?

43:33-47:33= Biden administration issues and the Red Sea



From the episode: 

Commodities Miami panel featuring Brent

Previous episodes of The Derivative with Brent:

Crude Oil goes Negative… WHAT^%$#

A Crude Oil Cornucopia: Covid, Crack, CSOS & Contango with Brent Belote


Follow along with Brent on Twitter @brentbelote, on LinkedIn and check out Caylercapital.com for more information!

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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

Join us for the second half of our panel discussions during this year's Hedge Fund week in Miami as we explore increasing accessibility of alternative investments through new ETF products and strategies. We’ve got Rodrigo Gordillo taking reigns from the quantitative perspective, Jerry Parker talking trend following, Bob Elliot on replication and Jay Pestrichelli,  options guru, guiding
us through hedge fund strategies, discussing their day-to-day responsibilities and tasks, highlighting differences in their approaches despite operating under the broad financial services umbrella.

We dive into challenges around educating investors on sophisticated strategies as well as recent regulatory changes that allow new product structures that are making alternative approaches more accessible to a wider range of investors. Topics
discussed include quant fund management processes, trend following across 400 markets including single stocks, and harnessing options decay in a new ETF. Challenges of communicating performance during periods of potential underperformance are being addressed such as election year impacts and whether strategies position based on outcomes, capacity constraints of highest Sharpe strategies and limitations
of full replication, along with democratizing diversification strategies through return stacking ETFs.

Sit back and gain knowledge on the expanding opportunities and accessibility in the alternatives space, with room for continued advances as innovation progresses, SEND IT!


Chapters:

00:00-01:48=Intro 

01:49-14:42= Intros & the Day-to-Day work ethic

14:43-28:45= Hedge fund replication, ETFs for retail investors & financial accessibility

28:46-45:22= Democratizing diversification through ETFs, market trends & election year impact

45:23-55:53= Hedge funds generating alpha, investments strategies & ETF operations

55:54-01:08:01= Managing expectations, Innovations & the future of investing



From the episode:

Miami Hedge Fund week 2024 Part 1: Commodities

Follow along with this panel on Twitter
& LinkedIn: @rjparkerjr09 , @RodGordilloP, @BobEUnlimited, & @ZEGAFinancial

And remember to check out their company profiles on LinkedIn:

Jerry Parker

Rodrigo Gordillo

Bob Elliott

Jay Pestrichelli

From NASA to Star Trek, Brad Barrie and David Johnson of
Dynamic Wealth Group discuss how their shared interests inspired the development of their diversified mutual fund, which blends equity exposure with discretionary global macro allocations. They explain how this approach seeks to provide smoother returns through non-correlated exposures. Brad and David also delve into their backgrounds in aerospace, finance, and alternative investments. Tune in to learn how discretionary macro strategies can offer unique diversification benefits compared to systematic trend following. This episode discusses portfolio construction techniques including dynamic rebalancing
models for mutual funds. Throughout, analogies from Star Trek, NASA, and other aeronautical aspects provide entertaining parallels for investment concepts, even attending and speaking at a Star Trek “con” (not in costume)to connect with individual investors! Jump on the starship enterprise with us, as we move
from orbit to warp speed. Engage!



Chapters:

00:00-01:32= Intro
01:33-05:02= Las Vegas: a place for peace & tranquility

05:03-21:44= Diversified portfolios for Mutual funds, NASA,
minimizing the downside and correlation to everything

21:45-36:28= 60/40 Bonds – Bring on Managed Futures and
direct exposure

36:29-49:03= Global macro commodities, offense, the
alternative to alternatives & driving the return

49:04-57:21= Star Trek, a blossoming career incentive –
meeting Shatner, Sci-fi language and investing for Trekys

57:22-01:02:50= Treky favorites



From the episode:

Blog post – It may be a slow news day, but…

Blog post – The picture from space that shows why commodities are non-correlated to the stock market

Blog post – Set Phasers to ‘Systematic’

Dynamic Blog post: What Star Trek can teach you about investing & financial planning


Follow along with Dynamic Wealth on Twitter @DynamicAlphaSol
and also Brad & David's LinkedIn Brad Barrie, David Johnson



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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed
futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

This packed panel discussion featuring Tim Pickering (Auspice), Brent Belote (Cayler Capital), Gerardo Tarricone (Arion) and Derek Stroke (Equanimity Advisors) focused on commodities as diversifiers and opportunities in commodity trading and investing. Our panelists discussed topics like the reliability of commodities in portfolios, ESG factors, the potential for a commodity supercycle, and educating the next generation of commodity investors. They debated drivers of long-term commodity prices and the impact of trends like energy transition.
Panelists also highlighted volatility in energy markets, shifts toward separate managed accounts, inflation expectations, and strategies for including commodities in diversified portfolios. This session illuminated both risks and rewards for navigating evolving commodity markets, leaving attendees energized to pursue these opportunities through dedicated managers and stay tuned for what's in store in the world of trading and beyond. – you need to check this one out! SEND IT!


Chapters:

00:00-01:32= Intro
01:33-13:25= Commodities as diversifiers with industry experts, EV’s/ greenflation & energy trading opportunities

13:26-20:53= Trading commodities for alpha & diversification

20:54-30:37= Commodity supercycles & its potential
impact on prices & Volatility and China demand

30:38-44:02= Inflation, central bank policies, and educating
the next generation

44:03-54:30= Questions from the audience: “Drill baby
Drill”, weaponizing commodities & India’s middle class

54:31-01:00:22= Final thoughts on the future outlook for
commodities

Panelist Performance Stats: Click here

You can follow along with all our panelists on LinkedIn @ Brent Belote, Tim Pickering, Gerardo Tarricone & Derek Stroke



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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed
futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠