Top Traders Unplugged23 Apr 2025

OI15: Navigating the Commodity Markets with Calculo Capital ft. Ole Hansen & Philip Carlsson

Today, we're diving deep into the world of commodities with Calculo Capital, a short-term quantitative hedge fund based in Denmark. Our guests, Philip Engel Carlsson and Ole Hansen, share their insights on how they navigate the fast-paced commodity markets using machine learning techniques. We explore how their focus on liquid markets and short holding periods allows them to capitalize on price movements driven by supply and demand imbalances. The conversation also touches on the current trends in commodities, like the rising demand for precious metals and the impact of geopolitical events. Join us as we uncover the strategies behind Calculo's approach and what sets them apart in the investment landscape.

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Episode TimeStamps:

02:08 - Introduction to Calculo Capital

03:53 - The state of today's commodity markets

10:35 - Commodity performance numbers

11:34 - What is driving the increased performance in the precious metal markets?

15:35 - How the commodity performance impacts the way Calculo Capital is trading

16:48 - Why do Calculo Capital only focus on commodity markets?

18:12 - What kind of commodities do they trade and why?

19:50 - What is a supply/demand imbalance and how do you spot it?

21:23 - It's all about price

24:49 - How they find the optimal trading position

28:57 - How they apply machine learning in their trading

32:16 - How they execute trades

33:48 - What has attracted Ole Hansen into investing in Calculo Capital?

39:51 - Why is Calculo Capital based in Denmark?

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