Hidden Forces17 Mar 2022

Quantifying Structural Risk in 'Zombified' Markets | Hari Krishnan & Ash Bennington

In Episode 238 of Hidden Forces, Demetri Kofinas speaks with Hari Krishnan (Head of Volatility Strategies at SCT Capital) and Ash Bennington (Senior & Crypto Editor at Real Vision) about their book "Market Tremors: Quantifying Structural Risks in Modern Financial Markets."

Since the Global Financial Crisis, market structure has undergone a dramatic shift. A combination of Central Bank policy, disintermediation of commercial banks through regulation, and the growth of passive products such as ETFs have 'zombified' markets. Risk has increasingly built up beneath the surface through a combination of excessive leverage and crowded exposure to specific asset classes and strategies. In many cases, historical volatility understates prospective risk.

This conversation is meant to expose you to some of the ideas behind Market Tremors, which provides a practical and wide-ranging framework for dealing with the credit, positioning, and liquidity risk that investors face in modern markets. Ash and Hari draw on the fields of statistical physics and game theory to simplify and quantify the impact of very large agents on the distribution of forward returns, and offer techniques for dealing with situations where markets are structurally risky yet realized volatility is low.

You can access the transcript and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.

If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following:

Write us a review on Apple Podcasts & Spotify

Subscribe to our mailing list at https://hiddenforces.io/newsletter/

Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Subscribe & Support the Podcast at https://hiddenforces.io

Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Follow Demetri on Twitter at @Kofinas

Episode Recorded on 03/14/2022

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(504)

The Code of Capital: Markets, Big Tech, & Blockchain | Katharina Pistor

In Episode 171 of Hidden Forces, Demetri Kofinas speaks with Katharina Pistor, a leading scholar of corporate governance, money & finance, property rights, and comparative law & legal institutions. Sh...

4 Jan 20211h 7min

The Future of Freedom, Governance, and the Networked State

In Episode 170 of Hidden Forces, Demetri Kofinas shares an interview he recently did on the Bankless podcast, where he gives his views on the future of freedom and governance. Topics include cryptocur...

28 Des 20201h 41min

The Tyranny of Merit: What Has Become of the Common Good? | Michael Sandel

In Episode 169 of Hidden Forces, Demetri Kofinas speaks with Michael Sandel, professor of Government Theory at Harvard University Law School, host of the BBC series "The Public Philosopher," and autho...

21 Des 202057min

Understanding the STABLE Act and the Push to Regulate Crypto | Rohan Grey

In Episode 168 of Hidden Forces, Demetri Kofinas speaks with Rohan Grey, an expert on the legal design and regulation of digital fiat currency and one of the prime authors of the recently proposed STA...

14 Des 20201h 1min

What's Gone Wrong with the Democratic Party & How to Fix it | David Shor

In Episode 167 of Hidden Forces, Demetri Kofinas speaks with political data scientist David Shor. David was recently described in New York Magazine as Obama's "In-House Nate Silver" for his work on th...

7 Des 202059min

What America's Founders Learned from the Greeks & Romans | Thomas E. Ricks

In Episode 166 of Hidden Forces, Demetri Kofinas speaks with Pulitzer Prize-winning historian Thomas Ricks about his book "First Principles: What America's Founders Learned from the Greeks & Romans." ...

30 Nov 202058min

Emerging Markets & the Turkish Lira: Assessing the Risks & Opportunities | Paul McNamara

In Episode 165 of Hidden Forces, Demetri Kofinas speaks with Paul McNamara, an Investment Director at global asset manager GAM who serves as the company's lead manager on hedge fund, emerging market b...

23 Nov 202053min

The Long (and Short) of it: A Cynic's Take on Markets & Investing | Jim Chanos

In Episode 164 of Hidden Forces, Demetri Kofinas speaks with legendary short-seller Jim Chanos, founder of Kynikos Associates, about the art and science of selling short. What is short-selling? What d...

19 Nov 202056min