Resolve Riffs Investment Podcast

Introduction In this episode, we are thrilled to have Jeff Weniger, the Chief U.S. Strategist for WisdomTree ETFs, back on the show. Jeff shares his insights on a range of topics, including the 'pension wars' concept, the potential for a domino effect in global equity markets, and the role of financial engineering in shaping investment strategies. Topics Discussed • Discussion on the 'pension wars' concept and its potential impact on asset flows over the next several years • Exploration of the potential domino effect in global equity markets and the implications for investment strategies • Insight into the role of financial engineering in shaping investment strategies, with a focus on the 1980s and 1990s • Analysis of the impact of rising natural gas prices on diversified enterprises and the broader market • Discussion on the future of work, with a focus on the shift towards remote work and its potential implications for the labor market This episode is a must-listen for anyone interested in understanding the complexities of global equity markets, the potential impact of the 'pension wars' concept, and the future of work. Jeff Weniger's insights provide valuable strategies to navigate the uncertain financial landscape and better understand the intricacies of investment strategies. This is “ReSolve’s Riffs” – published 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. *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.

In this episode, the ReSolve team is joined by Jason Buck, co-founder and CIO of Mutiny Funds, to delve into a range of topics, from the concept of ergodicity, portfolio construction, and the importance of diversification in investing. They also discuss the intricacies of the capital efficiency and tax implications of various investment strategies. Topics Discussed • Jason Buck's explanation of ergodic and non-ergodic concepts using the analogy of Russian Roulette • The importance of understanding expected value in portfolio construction • The role of offense plus defense in winning investing championships • The concept of capital efficiency in using leverage and its implications for investment strategies • The tax implications of Return Stacking and how to navigate them • The significance of broad diversification in investment strategies • The impact of different market conditions on the performance of long volatility managers • The importance of maintaining line items in the portfolio for risk protection This episode provides valuable insights into the complexities of investment strategies, portfolio construction, and the importance of diversification, and is a must-listen for anyone interested in understanding the nuances of investing and portfolio management. This is "ReSolve's Riffs" – published 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.

In this episode, the team riffs with Doomberg, a renowned energy analyst, to discuss a range of issues from the global energy landscape to geopolitical tensions and the changing nature of warfare. The conversation also delves into the intricacies of the global natural gas market, the impact of sanctions on Russia, and the potential future of nuclear energy. Topics Discussed • Discussion on the global energy landscape, with a focus on natural gas and its role in the U.S. economy • Insights into the geopolitical tensions, particularly the war in Ukraine, and the implications of the fall of the city of Avdiivka • Examination of the changing nature of warfare, with a focus on the use of drones and the complexity of modern military conflicts • Analysis of the impact of sanctions on Russia, the effectiveness of these measures, and the potential repercussions on the global stage • Exploration of the global natural gas market, its future prospects, and the implications for the U.S. economy • Discussion on the weaponization of the U.S. dollar and the potential for gold to emerge as a neutral reserve asset • Insights into the potential future of nuclear energy, spurred by Amazon's entrance into the nuclear sector This episode offers a deep dive into the complexities of the current global landscape, from energy markets to geopolitical conflicts. It provides valuable insights for anyone interested in understanding these dynamics and their implications for the future. The discussion with Doomberg offers a unique perspective, blending energy analysis with geopolitical understanding, making this episode a must-listen for those seeking to navigate the intricacies of the global stage. This is “ReSolve Riffs” – published 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. *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.

In this episode, we are joined by Jack Shannon, Senior Analyst at Morningstar, to discuss the dynamics of active equity management, portfolio construction, and the importance of downside protection in long-term investment success. Jack shares his insights on various topics, including: Topics Discussed • The asymmetry of returns and the importance of preserving capital on the downside •The role of active equity managers and the challenges they face in deviating from benchmarks •The impact of fund flows on portfolio management and the potential risks of passive investing •The role of risk management in active investing and the difficulty of identifying winning strategies in advance •The changing dynamics of growth and value investing, and the importance of understanding market history This episode is a must-listen for anyone interested in active equity management, portfolio construction, and long-term investing. Jack's insights provide valuable strategies to navigate the complexities of the financial markets and better understand the nuances of active management.

In this episode, the ReSolve team is joined by Fred Pye, Founder of 3iQ Digital Assets, to discuss the rapidly evolving landscape of digital assets and blockchain technology. They delve into various topics, including the rise of Bitcoin, Ethereum, and the future of the digital asset space. Topics Discussed •The transition of the financial world towards digital assets and the implications of blockchain technology •The role and impact of intermediaries such as Coinbase and FTX in the digital asset space •The journey and development of 3iQ Digital Assets over the past nine years •The potential of blockchain technology in tracking global trade and reducing transaction costs •The future of bond and equity trading on the blockchain •The regulatory challenges and developments in the digital asset space •The difference between Bitcoin, Ethereum, and other digital assets •The potential growth and opportunities in the digital asset space for investors •The importance of understanding and navigating the risks in the digital asset space This episode is a must-listen for anyone interested in the future of digital assets, blockchain technology, and the potential opportunities and challenges in this rapidly evolving space. Fred Pye provides valuable insights and strategies to navigate the digital asset landscape, offering a glimpse into the future of finance and investment. This is “ReSolve Riffs” – published 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. *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.

In this episode, the RAM Crew dives deep into the intricacies of monetary policy, inflation, and the impact of these factors on the global economy. They discuss the complexities of inflation, the role of the Federal Reserve, and the potential future of the financial landscape. Topics Discussed • Discussion on the shift in monetary policy and its implications • Insight into the misunderstanding of inflation and its workings • Examination of the impact of inflation on asset classes and financial markets • Analysis of the potential increase in volatility across assets • Discussion on the potential for more variance in inflation • Exploration of the impact of AI on the service economy and potential for re-acceleration of growth • Review of historical inflationary shocks and their implications for the future • Discussion on the potential for higher volatility in the financial markets • Insight into the potential for strong economic growth and low unemployment • Discussion on the risk management techniques for portfolios • Analysis of the potential for wealth altering events in the financial markets • Discussion on the potential for inflation shocks and the role of commodities • Insight into the potential benefits of trend following managed futures strategies • Discussion on the concept of carry and its potential impact on portfolios • Analysis of the potential benefits and risks of investing in concentrated value ETFs • Discussion on the potential for a hotter than expected economy over the next year • Insight into the potential mispricing in the financial markets • Discussion on the potential impact of inflation on equities and bonds This episode is a must-listen for anyone interested in understanding the complexities of inflation, monetary policy, and their impact on the global economy. The RAM Crew provides valuable insights and strategies for navigating the uncertain financial landscape and better understanding the intricacies of the financial markets. This is “ReSolve Riffs” – published on YouTube 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. *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.

In this discussion, the ReSolve team is joined by David Sun, a retail investor turned hedge fund manager with a background in engineering. David shares his journey from options trading during grad school to launching two private options-based hedge funds. He discusses the intricacies of options trading, the importance of risk management, and the evolution of his investment strategies. Topics Discussed •David Sun's background in engineering and his transition into options trading and hedge fund management •The launch of David's two private options-based hedge funds and the rationale behind having two separate funds •The importance of risk management in options trading and how David's strategies have evolved to minimize volatility drag •The concept of return stacking portfolios and how it has been applied in David's funds •The role of diversification in enhancing portfolio performance and reducing risk •The potential of long volatility strategies as a diversifier and how they can be applied in retail investing •The impact of market changes on strategy backtesting and the importance of continuously updating strategies to reflect current market conditions •David's views on the future of his funds and the potential for launching a third fund •David's public presence and his efforts to educate retail investors through his podcast, The Trade Busters David Sun provides a unique perspective on options trading and hedge fund management, drawing from his background in engineering and his experiences as a retail investor. His insights into risk management, portfolio diversification, and strategy development offer valuable lessons for anyone interested in the intricacies of options trading and hedge fund management. This episode is a must-listen for those looking to deepen their understanding of these complex financial landscapes. This is “ReSolve Riffs” – published on Friday afternoons 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. *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.

In this episode, Adam Butler and Mike Philbrick of ReSolve Asset Management have an in-depth conversation with Chris Schindler, a seasoned investment professional. They delve into a range of topics, from the intricacies of investing in tech and the dynamics of the credit market, to the complexities of portfolio construction and the impact of market forces on investment strategies. Topics Discussed •The challenges of investing in tech and the role of analysts in creating crowding effects •The importance of understanding the dynamics of the credit market and the implications of holding credit right through maturity •The intricacies of portfolio construction, including the importance of diversifying across strategies, assets, and time •The impact of market forces on investment strategies and the role of benchmarking in driving investor behavior •The evolution of the volatility market and the influence of large players on market dynamics •The concept of 'netting' in multi-strategy portfolios and its impact on trading costs •The challenges of attribution in multi-strategy portfolios and the importance of understanding the underlying strategies •The potential pitfalls of short-term investment strategies and the importance of a long-term perspective This episode is a must-listen for anyone interested in gaining a deeper understanding of the complexities of the investment landscape. Chris Schindler provides valuable insights into the nuances of portfolio construction, the dynamics of the credit market, and the impact of market forces on investment strategies, offering strategies to navigate the ever-evolving financial landscape. This is “ReSolve Riffs” – published on YouTube 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. *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.

In this episode, we delve into a comprehensive discussion with Julian Brigden, a renowned global macro strategist. Brigden shares his insights on the current state of the US equity market, the economic implications of the Goldilocks narrative, the potential risks of the bond market, and the future of global economies like the UK, Europe, and Japan. This episode offers a deep-dive into the complexities of global economics and financial markets. Topics Discussed • Brigden's perspective on the US equity market being massively overvalued compared to the rest of the world • Discussion on the dominant narrative of the Goldilocks soft landing and its statistical rarity • Insights into the potential risks and consequences of the Fed's rate cuts • Analysis of the resilience of countries like Australia, Canada, and the UK in the face of high rates • Brigden's views on the structural bear market in fixed income and its implications • Discussion on the potential for growth and inflation to run hotter than consensus • Insights into the political and economic state of Japan and the potential for autonomous growth • Discussion on the potential trades and market trends to watch out for This episode provides an in-depth analysis of the current state of global economies and financial markets. Brigden's insights offer valuable perspectives for anyone interested in understanding the intricacies of global macroeconomics and financial strategies. The audience will gain a deeper understanding of the complexities of global markets and potential future trends. This is "ReSolve Riffs" – published 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. *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.

In this episode, we have the pleasure of hosting James A. Bianco, Founder of Bianco Research Advisors. Bianco shares his insights on a wide range of topics, from his macroeconomic framework to the impact of inflation on the global economy. This conversation also delves into the implications of the current political and military climate outside the U.S. and the workings of the Bianco Total Return Index. Topics Discussed • A brief introduction to James A. Bianco's career trajectory and the establishment of Bianco Research Advisors • Understanding Bianco's macroeconomic framework, including his approach to analyzing the macro space and the key indicators he focuses on • An in-depth discussion on inflation, its current state, and its potential implications on the global economy • Exploring the role of the Federal Reserve in managing inflation expectations and the potential risks associated with their strategies • A look at the current political and military landscape outside the U.S., and its potential impact on the global economy • Discussion on the potential impact of shipping disruptions in the Red Sea on the global supply chain and inflation • Insights into the bond market, including the potential impact of higher interest rates on the equity market • An exploration of the Treasury Borrowing Advisory Committee's role in advising the Treasury on bond and note issuance • A discussion on the potential signals for a hard economic landing or recession, and what could indicate a stronger economy than anticipated • An introduction to the Bianco Total Return Index and a discussion on the future of actively managed ETFs in the equity market This episode is a must-listen for anyone interested in macroeconomics, inflation, and the global economy. Bianco's insights provide a comprehensive understanding of the current economic landscape and offer valuable strategies for navigating potential future scenarios. This is “ReSolve Riffs” – published 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. *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.

In this episode, we have the pleasure of hosting James A. Bianco, Founder of Bianco Research Advisors. Bianco shares his insights on a wide range of topics, from his macroeconomic framework to the impact of inflation on the global economy. This conversation also delves into the implications of the current political and military climate outside the U.S. and the workings of the Bianco Total Return Index. Topics Discussed • A brief introduction to James A. Bianco's career trajectory and the establishment of Bianco Research Advisors • Understanding Bianco's macroeconomic framework, including his approach to analyzing the macro space and the key indicators he focuses on • An in-depth discussion on inflation, its current state, and its potential implications on the global economy • Exploring the role of the Federal Reserve in managing inflation expectations and the potential risks associated with their strategies • A look at the current political and military landscape outside the U.S., and its potential impact on the global economy • Discussion on the potential impact of shipping disruptions in the Red Sea on the global supply chain and inflation • Insights into the bond market, including the potential impact of higher interest rates on the equity market • An exploration of the Treasury Borrowing Advisory Committee's role in advising the Treasury on bond and note issuance • A discussion on the potential signals for a hard economic landing or recession, and what could indicate a stronger economy than anticipated • An introduction to the Bianco Total Return Index and a discussion on the future of actively managed ETFs in the equity market This episode is a must-listen for anyone interested in macroeconomics, inflation, and the global economy. Bianco's insights provide a comprehensive understanding of the current economic landscape and offer valuable strategies for navigating potential future scenarios. This is “ReSolve Riffs” – published 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. *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.

In this informative episode, we dive deep into a conversation with Chris Kennedy from Bridge Alternatives about his career, investment strategies, and perspectives on managed futures. We take a detailed look at model complexity, the necessity of balance in trading, the impact of trend intimacy, and the challenges of creating efficient investment reporting methods. We also talk about the exciting possibilities of artificial intelligence in trading and the unique attributes of the commodity space. Learn about the compelling world of investment from an expert who has been integral to its development. This is “ReSolve Riffs” – published 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. *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.

Join the ReSolve Crew on an exciting tour inside the Strategic Wealth Preservation Vault in the Cayman Islands. With SWP's Mark Yaxley as their host, they discuss the unique properties of gold as a wealth insurance and its long history as a trusted asset across cultures and borders, and why it should be a part of a diversified portfolio. Built around the precious metal, the vault embodies top-notch security and gold-centric design. The conversation touches on how gold's characteristics - longevity, malleability, and ubiquity - make it uniquely suited as both an enduring asset and a geopolitical hedge against fiat currency fluctuations. The group also explores the challenges and misconceptions faced by miners, the role of central bank purchasing, and the potential of location swapping for easier access to physical assets. This is “ReSolve Riffs” – published 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. *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.

In this episode, the ReSolve team is joined by Meb Faber, Co-founder and CIO of Cambria Investment Management, to discuss a range of topics from the Leuthold report, international diversification, T-bills, shareholder yield, to forecasting returns and diversification. This episode provides valuable insights into different aspects of investing, making it a must-listen for anyone interested in the financial markets. Topics Discussed • Insights from the Leuthold report and its importance for quant investors • The importance of international diversification and its performance over the years • Discussion on T-bills and the impact of bonds on the market • Exploration of the concept of shareholder yield and its evolution over time • The importance of systematic decision-making in investments • The impact of forecasting returns on investment decisions • The significance of diversification in investments This episode is a must-listen for anyone interested in understanding the intricacies of investing, providing valuable insights and strategies to navigate the uncertain financial landscape and better understand the complexities of financial markets. This is “ReSolve’s Riffs” – published 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. *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.

In this episode, the ReSolve team sits down with William Santor, a seasoned financier and producer. They delve into a variety of topics, from Santor's unexpected journey from ballroom dancing to finance, to his innovative approach to the film industry, and the role of AI in content discovery. Topics Discussed • William Santor's unique journey from professional ballroom dancing to finance and how this shaped his approach to finding 'the inches' in financial services • The exploration of the film industry as an investment opportunity, with a deep dive into the financial structures, government rebates, and interim financing that make it possible • The impact of COVID-19 on film production and how Santor's team navigated the challenges to continue producing films • The role of AI and large language models in content discovery and how they can enhance the user experience by providing personalized recommendations • The concept of 'co-watching' and how it can be leveraged to improve content recommendations and user engagement • The evolution of the film industry with the advent of streaming platforms and the challenges and opportunities this presents for content creators and financiers This episode is a must-listen for anyone interested in the intersection of finance and the film industry, the role of AI in content discovery, and the future of the entertainment industry. With William Santor's unique insights and experiences, listeners will gain a deeper understanding of these complex topics and their implications for the future of content consumption and creation. ReSolve Riffs – published 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.

Investment Mastery: Risk Parity, Portfolio Construction, and Systematic Investment Strategies for the everyday investor. In this video, Rodrigo Gordillo, President & Portfolio Manager of ReSolve Asset Management Global does a review of a 2020 interview with veteran portfolio manager and ex Toronto Teachers Pension Plan Managing Director, Chris Schindler, to add important commentary around the discussion on the principles of asset management, exploring risk parity, portfolio construction and systematic investing strategies. He also adds color around how market dynamics have changed since the initial interview and delves deep to help investors understand the evolution of investment strategies within this evolving economic climate and the necessity of a diversified investment approach over conventional equity-centered portfolios. Also, gain insights into the significance of diversification, the effectiveness of model building, and various investment pitfalls. Learn why bond yields, present discount rates, and currency hedging matter, and get a grip on emerging trends in private equity, alternatives, and other asset classes. This is "ReSolve's Riffs" – published 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.

In this discussion, the ReSolve team is joined by Alfonso Peccatiello, financial analyst, to discuss the current state of the economy, the impact of Biden's stimulus, and the intricacies of investing in the current financial landscape. They delve into a wide range of topics, providing valuable insights for anyone interested in understanding the complexities of the financial markets. Topics Discussed • The impact of Biden's stimulus on the economy and how it has helped the economic indicators pick up again • The current state of growth, inflation, and the central bank reaction function • The potential impact of fiscal stimulus on the economy and the concept of ‘macro lags’ • The influence of interest rates on the economy and the different scenarios that can occur • The current state of the housing and labor markets in response to rising rates • The interpretation of the recent US GDP print and the consensus on future growth • The importance of surprising markets and investing in assets that benefit from this surprise • The concept of a 'Forever Portfolio' and how to achieve it using ETFs • The importance of sizing in portfolio construction and how to balance attackers and defenders • The role of commodities and the Dollar in a diversified portfolio • The concept of allocating for diversity and the importance of tracking error in portfolio management This episode is a must-listen for anyone interested in understanding the current state of the economy, the impact of fiscal policies, and the strategies to navigate the uncertain financial landscape. Alfonso Peccatiello provides valuable insights into the intricacies of investing and portfolio construction, making it an enlightening discussion for both new and seasoned investors. This is "ReSolve Riffs" – published 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. *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.

In this conversation, the ReSolve team is joined by Joe Kelly from Campbell and Company to delve into the world of quantitative investing, managed futures, and derivatives trading. They explore a wide range of topics, including: Topics Discussed • The history and evolution of the hedge fund industry and the growth of systematic investing • The role of derivatives traders in providing liquidity to executives and the creation of a startup to provide liquidity for tech employees • The dynamics of quantitative investing, the importance of systemizing fundamental ideas, and the challenges of explaining complex financial concepts to a non-technical audience • The development and implementation of different models and strategies in quantitative investing, including momentum, quant macro, and short-term • The performance of different strategies during various market conditions and the importance of adaptability • The challenges of scaling in the systematic investing space and the advantages of focusing on a core universe of markets • The trade-off between diversification and control in portfolio construction • The importance of risk management in maintaining a consistent investor experience and the strategies used to manage risk in systematic investing Conclusion This conversation is a must-listen for anyone interested in quantitative investing, managed futures, and derivatives trading. It provides valuable insights into the intricacies of these fields, the strategies used by successful investors, and the importance of risk management in ensuring a consistent investor experience.

In this riveting discussion, we delve into the complexities of the global financial landscape and the potential pitfalls of traditional monetary systems with Lyn Alden, Founder of Lyn Alden Investment Strategy. We explore the implications of structural inflation, the rise of new monetary technologies like Bitcoin and stablecoins, and the potential future scenarios for developed and emerging economies. Topics Discussed • Discussion on the structural inflation in countries like Egypt and Argentina, and the impact on their currencies • Examination of the role of Bitcoin, stablecoins, and other new technologies in creating a global marketplace for money • Exploration of the potential for money to move across jurisdictions, bypassing traditional banking systems • Insight into the financial firewalls and the increasing porosity due to technologies like Bitcoin • Analysis of the potential problems major currencies like the dollar, euro, and yen might face due to increasing public debt • Discussion on the bubbles and cycles associated with monetary technologies • Consideration of the potential risks and benefits of Bitcoin, including the concentration of wealth and the potential for it to act as a hedge against currency devaluation • Examination of the potential future scenarios for developed and emerging economies in the face of a potential debt and monetary crisis • Discussion on the potential impact of a fiscal reckoning on the asset bubble and consumer spending in developed economies • Insight into potential strategies for managing the risks associated with a potential fiscal reckoning, including investment in bonds, equities, and Bitcoin This episode offers a deep dive into the intricacies of the global financial landscape, providing valuable insights for anyone interested in understanding the potential future scenarios for our monetary systems. It's a must-listen for anyone seeking to navigate the complexities of the financial world and understand why traditional money might be losing its value. 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. *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.

With Bradley Barrie (Co-founder and Chief Investment Officer, Dynamic Wealth Group) and Matt O’Bryon (Investment Analyst, Dynamic Wealth Group) In this episode, our team dives deep into the intricacies of asset classes, correlations, and the importance of diversification in investment portfolios. We discuss the challenges of the traditional 60/40 investment strategy and explore the potential of alternative investment approaches. Topics Discussed • The limitations of diversifying only at the asset class level and the importance of understanding correlations • The challenges faced by investors due to the shifting correlations between stocks and bonds • How high growth, high inflation, low growth, low inflation, and other economic regimes can impact asset correlations • The importance of being prepared for various market conditions and the risks of trying to predict market movements • The goal of creating a smoother return experience for investors by minimizing drawdowns and downside risks • The importance of understanding the risks and potential returns of different asset classes and strategies • The challenges and benefits of implementing alternative investment strategies • The role of benchmarking in investment strategies and the potential pitfalls of focusing too much on relative returns • The importance of narrowing down the range of investment outcomes and eliminating big down years • The nuances of managing risk exposures in portfolios and the importance of being adaptable in different market environments • The potential of alternative investments and strategies in creating diversified portfolios • The importance of understanding and managing the risks associated with different investment strategies This episode is a must-listen for anyone interested in understanding the complexities of asset classes, correlations, and investment strategies. It provides valuable insights into alternative investment approaches and the importance of diversification in achieving smoother return experiences and minimizing downside risks. 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. *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.