Episodes
Wednesday Mar 13, 2024
Deep Dive into Global Private Equity Performance
Wednesday Mar 13, 2024
Wednesday Mar 13, 2024
Welcome again to another enriching podcast episode, recorded on March 13th. Today, we will dissect an insightful article from alphaarchitect.com about private equity performance around the globe. A novel approach for us, we're curious to see how our listeners respond to this type of content. Feel free to engage and give us feedback in our Discord community, where the link can be found below.
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In the article, we first ponder on the questions. Are fund performances persistent across different investment geographies and fund investment styles? We then take a deep dive into analyzing how each region - Europe, Asia Pacific, rest of the world - and investment style such as Buyout Funds, Growth Strategy, and Venture Capital behave differently, and how these variations can impact the overall fund growth.
Further in-depth we look into how these differences in fund performance are strongly influenced by factors. Such as investment strategies, market dynamics, availability to capital, regulatory environment, managerial expertise and the exit environment within different regions. For instance, the North American private equity markets are more pulled towards technology and innovation-driven ventures. Europe typically invests in traditional industries and established companies, whereas the Asia Pacific markets lean more into growth opportunities in emerging markets.
We also take a hard-nose dive into the results and findings of the research and discuss how those findings can open up diversification benefits, risk management opportunities for growth, due diligence, and a keen eye for accessing local expertise.
To sum up, in this episode we aim to provoke some thought among our listeners, especially in our growing Discord community which just hit the 200 members mark. If you're intrigued by our content or looking for investment tips, remember to check out my SubStack link, and for a deeper understanding on the technical side, visit quantlabs.net/books to get some technical books to guide you in stock market analysis and selection.
We hope you find this episode illuminating and beneficial in broadening your understanding of private equity performances around the globe. So sit back, relax, and plunge into the universe of global private equity performance!
alphaarchitect.com/2024/03/international-private-equity/
Wednesday Mar 13, 2024
Systematic Hedging of a Cryptocurrency Portfolio
Wednesday Mar 13, 2024
Wednesday Mar 13, 2024
Join Brian from QuantLabs 109 as he explores and breaks down the results of a comprehensive research article titled "Systematic Hedging of the Cryptocurrency Portfolio" from quantopedia.com. In this episode, delve into the intriguing world of cryptocurrencies and discover how a top-five cryptocurrency index portfolio was hedged. Expect the episode to uncover the research methodology, the selected cryptocurrencies, and the unique hedging strategy.
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Brian also unpacks the report's results, contrasting the returns yielded by the top five coins against Bitcoin. Watch as he raises critical questions about the usefulness of individual coins, citing examples such as Solana and Chainlink. Plus, learn how the research sets up two different periods to study volatility in spread and unpack complex mathematical methods used.
The episode climaxes with a sobering look at the risks involved in this high volatility investment world. Get the scoop on max drawdowns, sharp ratios, the compounded annual per annum of the top five and Bitcoin, and more. Listen as Brian critiques the results, outlining how professionals would view the high risk-to-reward ratio and contrasting it to simpler methods that yield better sharp ratios.
Finally, hear Brian's analysis of the research's conclusion, ranging from the researchers' hedging strategy and its impact on returns, volatility, and drawdowns, to the enduring danger of high drawdowns in the crypto world. Despite the drawn-back returns, Brian highlights the necessity of incorporating hedging strategies in crypto portfolios. Don't miss his final thoughts on the extreme volatility of cryptocurrencies, potential legal issues, and the trade-offs of hedging.
To further explore Brian's analysis and stay updated on his findings, join his Discord community and subscribe to his Substack page and email newsletter. Links are provided in the podcast description. Tune in for an enlightening look at systematic cryptocurrency portfolio hedging.
quantpedia.com/systematic-hedging-of-the-cryptocurrency-portfolio/
Wednesday Mar 13, 2024
Gold, Bitcoin or Banks?
Wednesday Mar 13, 2024
Wednesday Mar 13, 2024
Welcome to our latest podcast episode, where host Brian delves into an increasingly poignant topic in today’s turbulent financial climate: should we invest in Gold, Bitcoin, or trust in Banks? Brian shares his insights drawn from an intriguing article from CryptoDaily.co.uk and reflects upon its key points.
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The article outlines a series of concerns and trends the financial world is currently facing, from a banking system that seems to favor the wealthy, to fears surrounding inflation and currency debasement. Particularly spotlighted is the massive influence of the Federal Reserve in the US and the alarming rate at which the US dollar is debasing in purchasing power. Brian points out the irony that the best performing currency out of the major ones is the Russian ruble—the one that has been sanctioned the most.
Diving further, Brian evaluates two major players in the investment landscape: gold and Bitcoin. He reports that people are starting to load up on gold and silver, driving prices skyward. Bitcoin, too, is experiencing a spike, and a halving is expected in the near future—a factor that could elongate the time to mine the remaining 1.5 million.
However, the podcast is not just about the pros of these assets. Reflecting on instances where gold was banned, Brian urges listeners to consider the potential risks and drawbacks of investing in these seemingly invincible assets. As countries lean towards storing gold, Brian questions whether the cost of storage and insurance make gold a truly worthwhile investment.
Finally, Brian leaves listeners with sobering facts about the high stakes of today's financial landscape, urging them to educate themselves about the true nature of their investments. For more detailed insights and discussions, listeners are directed to join the host's Discord community, and access trading textbooks via provided links.
https://cryptodaily.co.uk/2024/03/gold-or-bitcoin-certainly-not-banks-though
Wednesday Mar 13, 2024
Are these the best practices for machine learning operations
Wednesday Mar 13, 2024
Wednesday Mar 13, 2024
Welcome to another exciting episode with Brian from quantlabs.net. Recorded on the 13th of March, noontime, this engaging and enlightening talk revolves around machine learning and the best practices in engineering with machine learning. Although Brian admits to not being an expert, he invites listeners, even those who may not find the subject generally useful, to engage with him as he explores this intriguing world.
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The podcast delves into an article originally discovered on Reddit, within the toting subreddit. Another piece of content that sparks discussion is an article from Medium.com penned by Luis Bermondes which gives an overview of ML Ops (Machine Learning Operations). Of particular interest is a diagram depicting the ML op stack and the direction it operates in.
Brian undertakes a comprehensive walkthrough of the ML Ops stack, pointing out key areas such as the Data Collection, Experimentation, Evaluation, and Maintenance. He additionally highlights the right-hand side of the diagram, ascending from Infrastructure layer, Component layer, Pipeline layer, to Run layer.
This episode invites listeners to join the conversation about machine learning and artificial intelligence by sharing their insights and comments through various platforms. Brian encourages feedback and insights via his discord community, email, his website, or social media. Everyone is urged to share their thoughts whether they consider themselves 'novices' or experts in the field, contributing to this fascinating exploration.
medium.com/machinevision/overview-of-mlops-a07053fc2a80
reddit.com/r/coding/comments/1bd4w76/what_are_best_practices_for_machine_learning/
Tuesday Mar 12, 2024
Tuesday Mar 12, 2024
In this insightful and practical episode of Brian's trading podcast, the host gives an informative deep dive into the powerful realm of Price Action Trading - a significant yet often overlooked aspect of successful trading. Brian unpacks various trading strategies and highlights how these tactics can be used according to market conditions. Strategies such as support and resistance, trend following, candlestick patterns, and breakout trading are all brought to light.
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Brian further explores the automation of these strategies using Python and the analysis capabilities of platforms such as Yahoo Finance and Alpha Vantage. He focuses particularly on the utilisation of TradingView for signal generation and Python for trade execution, discussing the flexibility and adaptability that these tools offer for trading in volatile markets. He also points out the necessity of reconfiguring Python codes and TradingView scripts to accommodate changing market trends.
The podcast delves into key aspects of an effective trading strategy, with Brian emphasizing the importance of clearly defined rules for trade entry and exit points. He makes a compelling connection between Price Action Analysis, wider market trends, and global economic conditions, highlighting the underscored importance of informed decision-making for traders.
Listeners will also gain invaluable insight into liquidity considerations when choosing trading assets, the benefits of trading with high-liquid assets, and the critical role of volume analysis in trading. By analyzing multiple Gold ETFs, Brian demonstrates how assets delivering top performance can be selected, and how tools such as TradingView can facilitate the process.
The episode concludes with a discussion on crucial risk management techniques such as position sizing, stop loss orders, trailing stops, and diversification. Brian shares common pitfalls novice traders fall into, emphasizing the importance of continuous learning, patience, emotional control, and adaptive strategies for successful trading. This podcast is a treasure trove of trading knowledge and insight, ideal for both beginners and experienced traders alike.
blog.quantinsti.com/price-action-trading
Saturday Mar 09, 2024
Methods to Improve Signal Quality for High Performance
Saturday Mar 09, 2024
Saturday Mar 09, 2024
Welcome to a new episode with Brian from Monolabs. This episode is focused on the analysis of trading algorithms, specifically how to evaluate and enhance the quality of their trading signals. This information-packed session is an invaluable resource for everyone keen on optimizing their trading strategies.
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Brian dives into a question posted on quant.stackexchange.com about how to deeply assess a trading signal. Discussing it from the perspective of a company's performance under different market conditions on various instruments. The takeaway is the development of a multi-layered approach to evaluation- measuring performance based on instruments, sectors, market volatility, and more.
The episode subsequently explores how to select well-performing sectors, employing strategies such as using forward guidance and assessing professional analyst recommendations. It unravels how to filter through stocks and ETFs to find those that best meet specific conditions. The focus is on identifying companies demonstrating strong forward guidance and low volatility.
Timing is highlighted as a key element throughout the analysis. Brian also highlights the importance of avoiding high volatile stocks and ETFs under volatile market conditions. Also noteworthy is the importance of high performing sectors tracking and using ETF holdings to measure stock performance.
Brian also provides enlightening insights on how to manage top-performing, low volatile, and well-timed stocks that could break out. Also highlighted is how to manage exposure to market losses caused by underlying challenging market conditions.
Moreover, the episode provides valuable strategies on stock analysis such as identifying strong guidance and recommendations. It also outlines how to design custom strategies for platforms like TradingView using Ichimoku.
This and much more information about trading algorithms and signal quality can be accessed in our community on Discord, available training books on Excel and Java, and through our sub-stack. All links are available in the description.
Don't miss out on these invaluable insights. Join us and let’s level up our trading game! We look forward to having you on board!
Methods to Improve Signal Quality for High Performance - QUANTLABS.NET
Saturday Mar 09, 2024
In-Depth Analysis of Risk Model Quant in London
Saturday Mar 09, 2024
Saturday Mar 09, 2024
Welcome to today's discussion where our host, Brian, is answering a burning question about financial careers: What's the typical salary and bonus structure for a Quantitative Risk (Quant Risk) Model Management Associate position at Goldman Sachs in London, UK?
In this podcast episode, we delve deep into an interesting question raised on Quantitative Finance at quant.stackexchange.com regarding salient financial compensation details at Goldman Sachs, a top global investment banking firm. This topic reveals invaluable information for anyone considering a career in quantitative risk model management.
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As Brian highlights, risk management is a crucial appointee in the financial services industry. While the role does not generate revenue and may not be as exciting as other positions, it plays a pivotal role in compliance and paperwork handling. As an entry-level quant risk manager, you can anticipate a base salary between £60,000 to £70,000 per year, with performance-based bonuses of an additional 10% to 20%.
We also find that compensation structures differ across various roles within the investment banking space. The 'front office quant' salary, for instance, can reach a hefty sum of around $120,000 to $150,000, with bonuses potentially tipping over 50% of the base figure. Comparatively, Salaries for quant roles in risk management, although lower than those of front-office positions, provide a comfortable life, especially when factoring in the UK's average salary.
Brian further insights the listeners toward the job specifics that can significantly impact salaries. At Goldman Sachs, for example, a front office quant typically supports direct trade, while a Strategist quant contributes to trading strategies. The unique Goldman Sachs model has influenced many other investment banks to eventually follow suit.
Going on to discuss roles across varying experience levels, Brian shares that junior quant roles tend to pull in around 50 PA (per annum), while senior roles can generate up to a staggering 300 PA. Moreover, bonuses lean more generously towards the senior end with potential to double the annual salary.
This episode offers a promising understanding of the salary range for quants in risk model management in Goldman Sachs' London office. Make sure to tune in and gain a scoop of career insights right from the financial world!
In-Depth Analysis of Risk Model Quant in London - QUANTLABS.NET
Friday Mar 08, 2024
A Comprehensive Warning Guide on Overvaluing Bitcoin
Friday Mar 08, 2024
Friday Mar 08, 2024
Welcome to an in-depth exploration of the notional value of Bitcoin and Gold with Brian from quantlabs.net. In this episode, he analyzes and shares his understanding of notional value, a term widely used by derivative traders. Referencing articles from coindesk.com and Investopedia, Brian breaks down what notional value entails and its impact on trading strategies.
Brian then dives into the analysis from JP Morgan, talking about how the Bitcoin spot ETF is expected to grow to $60 billion in the next two to three years, shifting the market price vs the implied price. An important aspect to note is the heightened volatility of Bitcoin, nearly 3.7 times higher than Gold, hence affecting the metrics of comparison. Brian also talks about the future scenario of Bitcoin and how the net flows into spot Bitcoin ETFs could influence the market.
Furthermore, Brian shares his own investment experiences and the performances of various coins. He highlights Bitcoin as the preferred choice for investment due to its consistent performance. He also shares viable watchlist options and advises caution while dealing with smaller, lesser-known coins owing to their higher volatility.
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Join our Discord for quant trading and programming news https://discord.gg/k29hRUXdk2
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https://quantlabs.substack.com/
Lastly, Brian reminds listeners of the technical trading updates and market analyses available on his Discord server and provides a link to join. He also promises to share his current watch list and trading insights via his substack, while reflecting on the weak forward guidance observed for stocks in the recent quarter. Concluding his episode, Brian shares a link to an email list that provides technical and algo trading books.
Wednesday Mar 06, 2024
Young Star Hedge Fund Manager Seeks Top-Tier Quants in London
Wednesday Mar 06, 2024
Wednesday Mar 06, 2024
In today's world of finance, young thinkers are carving out their own paths. This podcast episode revolves around Nikita Fadiv, a 27-year-old hedge fund manager, who is attracting much attention in the industry. Known for his work ethic, Fadiv has managed around $80 million in assets and is now looking to expand his team with the best quants and developers London has to offer.
Having been featured in Forbes 30 Under 30 and being a math graduate from the University of St. Andrews in Scotland, Fadiv is confident in the booming opportunities in the bull crypto market. Rising to what he calls a critical phase, he anticipates an influx of new entrants and existing players ready to scale up and assert their dominance.
Moreover, in this podcast, Brian elaborates on Fadiv's unique approach to navigating the volatility of the industry and how this extraordinary determination contributes to the exciting world of crypto trading. Also, in response to criticisms about Fadiv's rigorous demand for hard work, Brian argues that such commitment is a prerequisite for success in the demanding crypto industry.
If you're interested in the world of hedge funds, trading, and cryptocurrencies, especially the success story of a young go-getter like Nikita Fadiv, this podcast episode is a must-listen. It’s not just Fadiv's journey that's inspiring but also the insights and opportunities that lie ahead for those who dare to dive into the world of crypto.
Wednesday Mar 06, 2024
Expert Tips on HFT Content with Highest Paying Internship
Wednesday Mar 06, 2024
Wednesday Mar 06, 2024
In this podcast episode from QuantLabs, Brian delves into the complex world of high-frequency trading (HFT), with a particular focus on trends noticed in major companies such as Jane Street and IMC. One company had the highest paying internship. As HFT continues to evolve, it's crucial to stay updated with the latest developments and understand what these industry leaders are looking for.
Get some free trading Tech PDF books books2 - QUANTLABS.NET
Among the topics discussed, HFT competitions feature most prominently, particularly IMC's Prosperity Trading Competition. With an attractive cash prize, the contest attracts over 10,000 applicants and has seen participants go on to land high-paying internships and jobs in leading trading firms. Brian points out the impressive figures earned by successful competitors and shares insights into what these companies look for in prospective employees.
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The episode also explores the roles and requirements of HFT companies in-depth. For instance, IMC, a high-focus trading and market-making firm based in Amsterdam, is discussed comprehensively - their ongoing projects, hiring process, as well as what it takes to secure a job there. Listeners seeking career advancement will benefit from Brian's detailed job description analyses and the insider tips offered.
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https://quantlabs.substack.com/
Moreover, Brian also shares some pointers on learning the requisite tech skills, such as working with FPGA filters via MATLAB. The podcast culminates in an insightful discussion on the predictive models leveraged for informed trading improvements, unveiling some of the strategies employed by the industry's best.
Overall, the episode serves as an invaluable guide for those interested in HFT and its relevant careers, offering an informative and enriching deep dive into this complex, fast-paced industry.
https://www.efinancialcareers.com/news/imc-trading-competition-internships
https://www.levels.fyi/internships/
https://prosperity.imc.com/