Resolve Riffs Investment Podcast

Moritz & Moritz from Takahe on the New School of Old School Trend-Following

9 snips
Apr 4, 2025
Join Moritz Seibert, founder and CEO of Takahē Capital, and Moritz Heiden, head of quantitative research, as they dive into the dynamic world of systematic trading. They discuss how Takahē evolved amidst ESG challenges, offering a fresh perspective on trend-following strategies. The duo emphasizes rigorous risk management and the balance between simplicity and complexity in trading models. They navigate the intricacies of trading in liquid and illiquid markets while advocating for high-octane approaches, all while maintaining a long-term investment perspective.
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ANECDOTE

Takahe's Origin

  • Moritz Seibert and Moritz Heiden worked at Munich Re, creating an internal hedge fund.
  • This ended due to ESG requirements, leading them to start Takahe Capital.
INSIGHT

High Octane Trend Following

  • Takahe Capital employs a "high octane" trend-following strategy.
  • They prioritize letting winners run and cutting losers short, not volatility control.
INSIGHT

Outlier Trades

  • Takahe defines outlier trades by long holding periods and maximizing right-tail returns.
  • They avoid time-based or profit-target exits, letting trends fully develop.
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