Behind the Ticker: KMLM & Mount Lucas Management
The interview spotlights Mount Lucas Management’s evolution from its 1986 spin‑out of Commodities Corp to a leading managed‑futures specialist, and introduces its flagship ETF, KML, which mirrors the firm’s original 1988 MLM index.\n\nKey insights include the firm’s focus on systematic trend‑following across 22 highly liquid futures contracts, the rationale that managed futures capture a durable risk premium by assuming price risk that businesses hedge, and the observation that performance spikes during market stress—2022 and the 2008 crisis being prime examples.\n\nNotable moments feature the early Kodak CIO’s demand for a price‑based benchmark, the firm’s decision to exclude equity index futures to maintain pure commodity‑currency‑bond exposure, and Jerry’s emphasis on liquidity as “alpha” for advisors, enabling timely rebalancing and compounding benefits.\n\nFor investors, KML offers a low‑correlation, crisis‑resilient layer that can be liquidly accessed when equity and bond markets falter, making it a strategic defensive‑offensive tool in diversified portfolios.
The UK’s Most Successful Hedge Fund Manager | FT #shorts
Chris Hohn, founder of The Children’s Investment Fund (TCI), runs one of the world’s largest and most profitable hedge funds with about $70 billion under management and a long-term, concentrated approach—holding a few multi-billion-dollar positions for an average of nine...
We Asked an $850M Trend Manager Why Only 6 Funds Out of 10,000 Deliver What Investors Actually Want
The video features an interview with a $850 million trend‑manager discussing why only a handful of funds consistently meet investor expectations. He explains that systematic trend‑following, when paired with strict risk discipline, can navigate abrupt regime shifts such as the trade‑war‑induced...
He Wrote the Papers Finance Didn't Want to Hear | Cliff Asness Breaks Down His Greatest Hits
In a wide-ranging interview, AQR co-founder Cliff Asness revisits his ’greatest hits,’ critiquing ‘‘bubble logic’’ from the dot-com era and defending value-oriented risk thinking. He recounts launching AQR as the tech bubble peaked, arguing extreme market valuations (he cites a...
Why Advisors Are Pivoting to Managed Futures & Thematics
Advisors are increasingly pivoting to managed futures and thematic ETFs as traditional diversification has faltered this decade—bonds are down while equities remain elevated and inflation fears persist. Andrew Beer’s IMGP DBI managed futures ETF (DBMF) has seen assets surge from...
The Best Investor In The World Just Sold Microsoft
The episode centers on Chris Hohn, the founder of the $53 billion TCI Fund, dramatically reducing his Microsoft holding from roughly 10% of the portfolio to a symbolic 1% after citing artificial‑intelligence disruption. Hohn, widely regarded as one of today’s top...
Disintermediating Pod Shops | Will England, Derek Drummond, and Tony Caruso Ep.501
The episode introduces Docside, a managed‑account platform co‑founded by Walleye Capital’s Will England, Wisconsin’s Derek Drummond, and UTIMCO’s Tony Caruso. By pairing large public‑pension and endowment capital with Walleye’s multi‑manager hedge‑fund infrastructure, the joint venture gives institutional allocators direct, transparent access...
Hedgeye Investing Summit Spring 2026 | Nancy Davis, Founder & CIO of Quadratic Capital
The Hedgeye Spring 2026 summit featured Nancy Davis, founder and CIO of Quadratic Capital, explaining her firm’s distinctive long‑gamma approach to interest‑rate options. Rather than hedging with stop‑losses like most managed‑futures desks, Quadratic stays permanently long volatility, profiting from...
Bill Ackman Speaks With WSJ on Rare Double IPO and Stock Market Outlook | WSJ
Bill Ackman sat down with the Wall Street Journal on the NYSE floor to discuss his unprecedented dual‑IPO, which combines two companies under a closed‑end fund wrapper while operating like an investment holding company. He explained that the offering includes a...
Short Sells Fight for Edge Over AI: Masters in Business with Carson Block
In this Masters in Business interview, Muddy Waters founder Carson Block discusses how activist short‑selling has evolved amid cheap money, AI breakthroughs, and expanding fraud across market tiers. He recounts his early exposure to Chinese reverse‑merger scams, the rise of...
Why Are Hedge Funds Returning as a Key Portfolio Diversifier in Private Markets?
At Super Return North America, Ryan explained why hedge funds are re‑emerging as a core diversifier for private‑market investors. Rather than a vague allocation, limited partners now define a specific hedge‑fund role that sits between highly liquid equities and...
Winners Interview with Aquila Asset Management | Lipper Fund Awards 2026 Europe
The Lipper Fund Awards 2026 Europe recognized Aquila Asset Management, prompting an interview that outlined the firm’s investment philosophy and recent accolade. Aquila’s strategy is strictly bottom‑up, targeting sovereign and corporate credits it believes are mispriced relative to their fundamentals. The...
John Ciampaglia: Why Gold Is Being Sold — Even in a Bull Market #gold #goldinvesting #goldprice
John Ciampaglia explains why gold is being sold even as prices climb, emphasizing that the current wave of outflows stems from institutional risk‑off mandates rather than a shift in the metal’s fundamental appeal. He notes that risk managers are instructing...
The Rout in UK and European Bonds| FT #shorts
The video examines the sharp rout in UK and European government bond markets triggered by the Middle East conflict, which has injected a sudden inflation shock into the region. Rising oil and gas prices have driven short‑term inflation expectations higher,...
David Elms on How Market Mayhem Is Again Making the Case for Multi-Strategy
David Elms of Janus Henderson explained why the current market turbulence—driven by geopolitical tension, equity sell‑offs and rising bond yields—creates a fertile environment for multi‑strategy funds that can offer neutral, low‑correlation exposure. He highlighted the Global Multi‑Strategy Fund’s design, emphasizing...