TTU40: What To Do If You Are Making Too Much Money! ft. Mike Harris of Campbell & Company – 2of2

Welcome to Part 2 of our conversation with Managed Futures expert and President Mike Harris of Campbell & Company. In this episode we delve into the specifics of Campbell & Company’s trading programs, how models are added or removed, and the importance of risk management. This episode also explores the managed futures industry as a whole and is a must-hear for anyone looking to gain knowledge about this strategy.

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In This Episode, You’ll Learn:

• About Campbell & Company’s trading program.
• How they create a trading strategy.
• Why they use a hypothesis driven system to add new models to their programs.
• About the peer review process they use before adding or subtracting models.
• When do you remove a model? How do you know when it isn’t working anymore?
• About position sizing and why its important.
• How they look at risk through something called Vertical Risk and Horizontal risk.
• Campbell’s systematic approach to risk management.
• How he deals with drawdowns.
• Why he worries about systemic risk and natural disasters.
• Why Mike thinks redundancies are so important.
• The risk of regulation.
• How these strategies tend to perform when interest rates go up.
• The trend of the managed futures industry and why it has been dominated by European firms in the past 10 years.
• What people need to become a successful manager: humility is “at the top of the list.”
• Books that Mike recommends.
• What he would do differently if he could talk to his younger self.
• The importance of managing work and life balance.
• What the future looks like for Campbell & Company.

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Resources & Links Mentioned in this Episode:

• Learn more about Baltimore and Johns Hopkins University.
• Hedge Fund Market Wizards by Jack Schwager
• Technical Analysis of the Futures Markets by John Murphy
• Trend Following with Managed Futures

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