The Greatest Inflation & Bear Market Hedge Nobody’s Heard of

In this episode, Rodrigo Gordillo sits down with David Triplo, Senior Associate, Diversifying Alternatives Research at Mercer,  to discuss his journey from poker to prop trading and finally to systematic global macro trading. They delve into the intricacies of the trading industry, the impact of market changes, and the future of the CTA space.

Topics Discussed

• David Triplo's transition from poker to prop trading and his early experiences in the industry

• The challenges and opportunities of trading on the future side and the specifics of cash basis trading

• The decision to move from options trading to futures trading and the factors influencing this choice

• The impact of market changes on trading strategies and the necessity of adaptation

• David Triplo's time at Transmarket Group and the lessons learned from the boom and bust cycle

• The shift to the world of CTAs and the differences between prop trades and CTA roles

• The evolution of Systematic Global Macro trading and the increasing use of non-price based information in trading strategies

• The role of volatility oriented strategies in hedge fund space and the potential for high convexity in a short time period

• The benefits of a diversified approach in Systematic Global Macro for the average allocator

• The current state of the alternative investment sleeve and the dominance of private equity and hedge funds

Conclusion

This episode is a deep dive into the world of trading from the perspective of someone who has experienced it all - from poker, to prop trading, to Systematic Global Macro. David Triplo's insights provide valuable lessons for anyone interested in the trading industry, the evolution of trading strategies, and the future of the CTA space.

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.