100 episodes

Flirting with Models is the show that aims to pull back the curtain and meet the investors who research, design, develop, and manage quantitative investment strategies.

Join Corey Hoffstein, Chief Investment Officer of Newfound Research, on a journey to explore systematic investment strategies, ranging from value to momentum and merger arbitrage to managed futures.

For more on Newfound Research, visit www.thinknewfound.com.

Flirting with Models Corey Hoffstein

    • Business
    • 4.9 • 216 Ratings

Flirting with Models is the show that aims to pull back the curtain and meet the investors who research, design, develop, and manage quantitative investment strategies.

Join Corey Hoffstein, Chief Investment Officer of Newfound Research, on a journey to explore systematic investment strategies, ranging from value to momentum and merger arbitrage to managed futures.

For more on Newfound Research, visit www.thinknewfound.com.

    Bill Gebhardt - Replicating Discretionary Commodity Trading Systematically (S7E9)

    Bill Gebhardt - Replicating Discretionary Commodity Trading Systematically (S7E9)

    In this episode I speak with Bill Gebhardt, founder of 10Dynamics.
    Bill spent the better part of his career as a discretionary energies trader, with roles at Koch Industries, Merrill Lynch, Deutsche Bank, and Trailstone. In May 2020 he struck out on his own to co-found 10Dynamics.
    Given Bill’s fundamental and discretionary background, it may come as a surprise that 10Dynamics runs a fully systematic process. This dichotomy serves as the foundation for much of our conversation, where Bill provides insight into where and how his discretionary background informs the systematic process, both from a signal and a risk management perspective.
    We discuss the types of signals 10Dynamics incorporates into their process, how their risk management system is designed to reflect Bill’s experience managing discretionary traders, and how they’ve designed their operational risk management to allow them to trade intraday with a small team.
    Please enjoy my conversation with Bill Gebhardt.

    • 51 min
    Nicolas Mirjolet - Multivariate Trend Following (S7E8)

    Nicolas Mirjolet - Multivariate Trend Following (S7E8)

    In this episode, I speak with Nicolas Mirjolet, CEO and Co-Head of Research at Quantica Capital.
    We begin with Nicolas’s experience operating a statistical arbitrage fund, where he provides his thoughts as to what makes a strategy easier or harder to scale a business on. Nicolas also provides some context for his somewhat counter-intuitive view that the larger players had a bigger edge in this capital constrained space.
    We then transition to Quantica’s flagship managed futures program. Nicolas explains that while Quantica is a price-based trend follower, they apply a multivariate approach to their signal analysis. We discuss how the approach works and how it contrasts against a standard univariate approach. Specifically, Nicolas shares his thoughts on how the multivariate approach impacts the portfolio return profile and why you may want more or fewer variables in your signal universe than your tradable market universe.
    We end the conversation with Quantica’s most recent quarterly research paper, which provides quantitative insight into the convexity versus robustness tradeoff trend managers make when they add more markets to their portfolio.
    Please enjoy my conversation with Nicolas Mirjolet.

    • 1 hr 5 min
    [PREVIEW] Enter the New World of Return Stacking | Get Stacked Podcast

    [PREVIEW] Enter the New World of Return Stacking | Get Stacked Podcast

    Welcome to the inaugural episode of the Get Stacked Investment Podcast. This episode brings together Corey Hoffstein, Rodrigo Gordillo, Mike Philbrick, and Adam Butler to dive deep into the concepts of Return Stacking, market efficiency, and investment strategies beyond traditional stock picking. Providing insights into Return Stacking's relevance in today's investment landscape, the importance of structured diversification to enhance portfolio sustainability and its potential to create excess returns with more confidence than traditional stock picking.
    This podcast episode serves as a comprehensive introduction to Return Stacking and provides valuable insights for investors looking to navigate the complexities of modern markets with innovative strategies.

    • 1 hr 14 min
    Markku Kurtti – Diversification is a Negatively Priced Lunch (S7E7)

    Markku Kurtti – Diversification is a Negatively Priced Lunch (S7E7)

    In this episode I chat with Markku Kurtti, author of the blog Outcast Beta.
    Markku is classically trained as an electrical engineer and works on receiver algorithms for mobile phones. A passion for investing, however, lead him to pursue an MS in Finance and an interview with Ed Thorp compelled him to devote his time to better understanding compounding processes.
    This obsession has driven him to develop a number of analytical and numerical models that provide differentiated insights into topics such as “why do most individual stocks historically underperform cash,” “how many stocks should an active manager actually hold,” and “how does the uncertainty of uncertainty help explain the equity risk premium puzzle?”
    With Markku’s work, I’m reminded of the phrase: all models are wrong, but some models are useful. His outsider’s take provides some unique insights into the benefits, and opportunity costs, of diversification.
    I hope you enjoy my conversation with Markku Kurtti.

    • 57 min
    Otto van Hemert - Seasonality Everywhere (S7E6)

    Otto van Hemert - Seasonality Everywhere (S7E6)

    In today’s episode I speak with Otto van Hemert, Director of Core Strategies at Man AHL.
    After briefly touching upon Otto’s background, we dive into one of his most popular papers: The Best Strategies for Inflationary Times. Otto shares the inspiration for the research as well as some of what he feels were the less obvious results.
    Trend strategies, which were a standout winner in the inflation resilience horse race, serve as the bridge to a discussion on seasonality. Interestingly, Otto’s research suggests that long-term trend signals are actually capturing seasonality effects!
    Otto shares his thoughts on different approaches to measuring seasonality, why he believes seasonality emerges in both commodities and financial markets, and how to think about combining trend and seasonality in a single portfolio.
    Please enjoy my conversation with Otto van Hemert.

    • 47 min
    Clayton Gillespie - A Fundamental View of Quant Equity (S7E5)

    Clayton Gillespie - A Fundamental View of Quant Equity (S7E5)

    My guest this episode is Clayton Gillespie, VP at Deutsche Bank where he works in quant equity research for the QIS team.
    Clayton began his career at Credit Suisse HOLT, where he got his hands dirty in extracting fundamental information. This formative experience dramatically impacted how he views how fundamentals should be incorporated into quantitative equity strategies.
    Today, at DB, he strives to improve quantitative equity strategies by anchoring them with a strong fundamental understanding.
    We discuss how fundamental and statistical interpretations can be at odds, how a strong fundamental understanding can help with the identification of emergent risk factors during regime changes, and how best to incorporate fundamental insights while avoiding potential biases from the analysts who deliver them.
    Please enjoy my conversation with Clayton Gillespie.

    • 56 min

Customer Reviews

4.9 out of 5
216 Ratings

216 Ratings

Gay&Sweaty ,

A must-listen!!

This show is your gateway to the world of systematic investment strategies. The host Corey expertly explores helpful strategies from value to momentum. Dive into the world of quantitative investing with this must-listen podcast! ⭐⭐⭐⭐⭐

Loredon ,

Incredibly thorough

Flirting with Models is the only podcast of its kind. The host does an exceptional job of discussing highly technical, relevant, insightful, and unique insights into a world that is sometimes extremely opaque. The world of quant investing. Not only are the guests usually highly regarded in the field the podcast presents the information and the context in an easy to apply way that you won’t find anywhere else. Incredible stuff here.

westyfresh ,

Uncommonly nerdy financial podcast

Interviews with industry leading experts who go deep into their niches of the go coal world. Really enjoy the quant perspective.

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