The Strategy That Thrives When Markets Panic | Systematic Investor | Ep.403

Summary

Niels Kaastrup-Larsen hosts Katy Kaminski and Marat Molyboga to discuss managed futures, crisis alpha, and geopolitical risk. The conversation covers how trend following performs during geopolitical stress, the link between geopolitical risk and inflation, and the potential role of short-term trend following. No specific trades or securities are recommended.

• Niels opens with recent market headlines including AI, energy, and S&P 500 concentration.
• Katy presents her paper on geopolitical risk and managed futures, linking geopolitical shocks to inflation.
• Marat discusses his paper on short-term trend following as a complement to long-term trend strategies.
• The speakers emphasize that managed futures serve as second responders in crisis periods.
• They explore challenges of fixed income trend trading due to Fed uncertainty.
• Marat highlights the importance of execution infrastructure for short-term strategies.
• The conversation underscores that managed futures have historically performed well during geopolitical uncertainty.
• No individual securities, commodity contracts, or ETFs are recommended by any speaker.