The Derivative Hedge Funds vs ETFs, Passive vs Active, 70s Inflation vs Now, & Commodities vs CTAs with Simplify's Mike Green
What exactly does a chief strategist do? Besides picking fights with Bitcoin HODLers on Twitter… And how exactly does one of the most prominent voices on the dangers of too much passive money trying to fit into a single asset classes on/off ramps, end up at….wait for it….an ETF shop?
We aim to find out in this episode with Simplify's Chief Strategist and Portfolio Manager - the one and only Mike Green - he of Clue character handles, Princess Bride Avatars, and insightful RealVision interviews and macro focused writing pieces.
In this fun chat, Mike shares his particular brand of monotone macro mastery with us, but we also dive into his famous anti-XIV trade, role at Simplify, why the ETF structure keeps getting more and more appealing, big boy markets, exchanges and the LME, the inflationary pressures of the '70s vs. today, why 'team transitory' gets a bad rap and quick thoughts on Crypto and NTFs. You're not going to want to miss this jammed-packed episode!
Chapters:
00:00-01:25 = Intro
01:26-09:06 = Joining the Navy, College enrollment & Keto Success
09:07-32:46 = Mike and his views on Passive at an ETF shop? ARKK and identifying a “Flows Beta”
32:47-43:18 = $CTA, the new Managed Futures ETF & Discretionary vs Systematic
43:19-53:35 = CTAs too big, Big Boy Markets, Big Exchanges & the LME
53:36-01:09:24 = Inflationary Pressures: 1970's vs Today, Fragile Systems & Team Transitory
01:09:25-01:14:57 = Quick thoughts on Crypto & NFTs
01:14:58-01:17:33 = Two Truths & a Lie
From the episode:
Learn more about Mike's background in our previous recorded episode here.
Follow along with Mike on Twitter @profplum99 and check out Simplify Asset Management here.
Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.
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