In this discussion, Peter Haynes, Managing Director of Index and Market Structure Research at TD Cowen, dives into the world of index rebalancing and its recent upheavals. He shares insights on a staggering $900 million loss experienced by hedge funds linked to pre-positioning ahead of index events. Haynes also tackles the complexities of ETF markets and the repercussions of sudden index rule changes. Additionally, he highlights concentration risks within the Russell 1000 Growth Index and reflects on historical market manipulation practices.

Jenny Hadiaris and Peter Haynes talk about evolving market structures, algorithmic trading strategies, 24-hour trading impact, commodities trends, and investment opportunities. They also share insights on market manipulation, cheese futures, and beer banter.