TTU131: How CTAs manage their Cash ft. Mike Kastner, Principle & Co-Founder at Halyard Asset Management

TTU131: How CTAs manage their Cash ft. Mike Kastner, Principle & Co-Founder at Halyard Asset Management

Today, we are joined by Mike Kastner, Principle and Co-Founder at Halyard Asset Management, for a conversation on how they use fixed income instruments to manage the cash of many CTA portfolios. We discuss how managers have evolved in terms of the way they manage cash, how Halyard Asset Management construct a portfolio from a liquidity point of view and the current state of liquidity, how they approach credit rating and why they avoid buying paper from certain banks. We also unpack what they think the sweet spot for foreign exchange hedging is and how they approach risk management, why Kastner does not believe we are approaching a recession and that there is a likely chance of a significant fall in the long bond price, as well as what Kastner believes will happen in the housing market and much more.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfoliohere.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Alan on Twitter.

Read more about Halyard Asset Management.

Episode Timestamps:

02:40 - Introduction to Halyard Asset Management

04:12 - History of Cash Management

07:16 - What happened with money market funds?

09:34 - Has the Cash Management space changed?

11:02 - Cash Management philosophy

12:23 - A liquid portfolio

17:39 - Drawing the safety line

19:25 - Considering ESGs

21:11 - Managing cash in different currencies

22:41 - Balancing the mandates

23:52 - Managing risk...

Jaksot(889)

TTU01: Are Research Ideas Overrated? ft. Jason Gerlach of Sunrise Capital Partners – 1of2

TTU01: Are Research Ideas Overrated? ft. Jason Gerlach of Sunrise Capital Partners – 1of2

Sunrise Capital was the first CTA (Commodity Trading Advisor) ever.The company has evolved considerably since its inception in the 1970s.Today on the show, Jason Gerlach, the Chief Executive Officer at Sunrise Capital joins us to discuss the history of the company and about the evolution of their trading strategy over nearly 4 decades. Sunrise has achieved astounding results over the lifetime of the company and Jason provides unique insights to the inner workings of Sunrise.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn This Episode, You’ll Learn:The story of Sunrise Capitals founding in the early 1970sRick Slaughter (Sunrise’s Chief Researcher) founded Commodity Monitors – the First Hedge Fund/CTA firm ever launchedJack Forest (Sunrise Commodities) and Gary Davis (Cresta Commodities) – The doctors trading outside the hospitalHow the three pioneers of the CTA/Commodity Trading Industry came together to form Sunrise Capital Partners in the mid 90’sHow Jason was brought on into the firm and developed a succession plan for the businessThe unexpected story of how Jason “the Attorney” turned into Jason “the Systematic Trading Guy”What Sunrise Capital Partners offer today?How does one structure a CTA firm like Sunrise, what functions and how do you manage them?The role of outsourcing in the day-to-day operations of Sunrise Capital PartnersWhat Sunrise discovered in the early 00’s which indicated to them a decay in long-term trend following and how they responded-----Resources & Links Mentioned in this Episode:Download the article Niels mentioned: Fallacies to Avoid When Selecting a CTAFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or <a...

26 Touko 201437min

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