In this episode of ReSolve Riffs, host Adam Butler is joined by two special guests from Takahē Capital – founder, CEO, and chief bottle washer Moritz Seibert, and head of quantitative research, Moritz Heiden. They offer an in‐depth look into systematic trading within managed futures, exploring topics such as commodity markets, trend following, risk management, portfolio construction, and the challenges posed by investor and ESG dynamics.

Topics Discussed

• The emergence of Takahē Capital from restrictive ESG mandates and its unconventional origins

• The core trend following strategy, outlier trading, and the “high octane” approach

• Rigorous risk management techniques centered on fixed risk unit sizing and drawdown control

• Diversification across conventional and peripheral commodity markets

• Position sizing dynamics through multiple independent trading systems

• Portfolio construction methods and the management of correlated markets

• The balance between simplicity and complexity in systematic trading models

• The impact of investor demands and ESG standards on volatility, capital efficiency, and returns

Pillar Journal (Advent 2022) | Jon Brown