Financial markets are not complicated. They are complex. The distinction matters. A complicated system, an aircraft engine or a tax code, can in principle be fully understood by decomposing it into its parts. A complex adaptive system cannot. Its...
In the realm of system analysis, Complex Adaptive Systems (CAS) stand out as fascinating yet challenging subjects. These systems, found in diverse fields from ecology to economics, exhibit properties that defy traditional quantitative analysis methods. In this episode we delve...
Alan Clement is a trader and strategy developer with a background in software development and finance who brings a builder’s mindset to systematic equity trading. His approach spans mean reversion, trend following, and volatility strategies applied to equity markets, each...
Episode 9 is a special, recorded on Scotland Island north of Sydney on a Saturday morning in November 2023 with an exceptional gathering of minds. Jerry Parker of Chesapeake Capital, Adam Havryliv of East Coast Capital Management, Moritz Seibert...
It was great to be back with Niels where our discussion on the nuances between different trend followers has become an epic miniseries. This episode discusses the broad church of trend following from the perspective of cross-sectional momentum and absolute...
Linus Nilsson is the founder of NilssonHedge, one of the most comprehensive and transparent hedge fund and CTA databases in the world. Based in Amsterdam, NilssonHedge tracks over 2,000 active strategies and more than 2,000 graveyard strategies, covering systematic CTAs,...
David Bush arrived at quantitative trading by an unusual route. He spent his twenties as a professional musician and drummer before pivoting to the financial markets, first as a discretionary trader and eventually as the creator of STRATVERSIFY, a...
Art Holly is one of the most experienced practitioners to appear on The Algorithmic Advantage. He began his career at Union Bank of Switzerland in the 1980s, where he first encountered Market Profile, a framework for understanding market structure through...
Marc Malek grew up in Beirut, studied at Caltech where he received a Pentagon grant to model optimal tank placement on a battlefield using artificial intelligence, and was recruited directly from that research into Wall Street. He founded Conquest Capital...
In Part 2 of the Takahe Capital conversation, Moritz Seibert and Moritz Heiden move from philosophy into the operational details of how the firm builds and manages its strategies. Heiden discusses the in-house trading and backtesting platform that Takahe built...
