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The Benefits of Negative Correlation | Roy Niederhoffer, R. G. Niederhoffer Capital Management | #46

7 comments
  • Fred Penney November 20, 2014 at 9:43 pm / Reply

    The interview with Roy was one of the better ones I have listened to in the past two years. As always, the sound quality was excellent and the format allowed for both participants to fully discuss the topic at hand. Well done!

    • Niels Kaastrup-Larsen November 20, 2014 at 9:55 pm / Reply

      Thank you so much Fred. Yes Roy was a great guest and personally I think all of the guests have been very forthcoming and willing to share there experience. One has to remember that non of us are “media” people and we learn along the way…so I really appreciate all of them and I’m very grateful for your support and kind comments.

  • Hari December 8, 2014 at 1:13 pm / Reply

    Most financial media is part of the entertainment business and has nothing to do with the way practitioners operate. The media is short-term focused and preys on fear and greed to keep the average punter glued to his/her screen. Systematic traders are more interested in ideas and concepts that are repeatable in the market than the latest and greatest story. So there is a massive disconnect in the industry.

    Neils has brilliantly bridged this gap. Niels views things through the prism of a trend follower but is always open to alternative ways of thinking. He covers vital money management topics: defining your edge, sizing positions, analysing the performance of different systems and so on. He also tries to trace the evolution of a fund’s strategy over time, which is an essential component to understanding a manager’s thought process.

    For those starting out, the interview with Martin Lueck is particularly useful. It offers an interesting historical perspective on trend following in Europe, moving from pattern recognition heuristics to rule-based approaches. Anyone who listens to the interview will understand how a combination of scientific rigour and happy accidents turned into one of the leading alternative funds in the world.

    I could add much more, but will end by congratulating Niels on a job well done. While Jack Schwager and Mattias Knab have done some good work in this area, Niels’s background allows him to cover topics with more subtlety and greater depth than his predecessors. Congratulations!

    • Niels Kaastrup-Larsen December 8, 2014 at 2:12 pm / Reply

      Thank you very Hari…you are most kind!

  • Ola March 16, 2015 at 3:37 am / Reply

    Thanks for another excellent podcast. It seems episode 46 is not listed in iTunes. Hope this can be fixed. Thanks/Ola

    • Niels Kaastrup-Larsen March 16, 2015 at 12:53 pm / Reply

      Hi Ola

      Thanks for you kind words. Episode 46 is in iTunes…look for release date November 20th, 2014 – “The Benefits of Negative Correlation”

      Hope you will enjoy part 2 with Roy…he was a great guest.

      With appreciation
      Niels

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