Daruis Dale is the Founder and CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing institutional macro-grade risk management frameworks and processes. Prior to founding 42 Macro, Darius was a Managing Director and partner at Hedgeye Risk Management, an independent investment research firm based in Stamford CT. He joined us for jam-packed and timely conversation that included topics such as:
- Positioning for inflation volatility and the “Midas Touch”
- The Fed and accelerating the taper
- The Dynamics of the recent “Friday Smackdown”
- The missing “Guardians of the Gate”
- The implications for bonds
- Cyclical changes and secular regimes
- Declaring regimes and pricing them in
- Portfolio construction and conditional probability
- Why you don’t get paid for being too early
- Frontrunning pricing with intuition and expectations
- The Style Factor and why it’s the best predictor
- Back-testing regime ensembles
- Covariance ranking, layering and beta ranking in portfolio construction
- Selecting and weighting macro indicators
- Behavioral Economics and why being different is important
- The impact of Bitcoin on portfolios
- The effects of expensive markets relative to inflation
- Policy mistakes and corrections
Thank you for watching and listening. See you next week.
This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.
*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.
