male silhouette.

Erik Townsend and Patrick Ceresna welcome Chris Cole to MacroVoices. Erik and Chris discuss:

  • “The Allegory of the Hawk and Serpent”
  • Is 60/40 portfolio allocation strategy really the proven long term solution?
  • The law of cosmic duality in investing
  • Dragon portfolio – how can a portfolio be protected with a consistent return in any market cycle
  • What is the role of long-vol and commodity trends following have in dragon portfolio
  • Tail risk hedging strategy, gamma hedging activity and short-vol trades

Download the podcast transcript: [Click Here]

We strongly recommend that you download the document that accompanies this episode, as Erik and Chris will refer to it throughout this interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

 

 

male silhouette

SPECIAL POST GAME GUEST- Emil Kalinowski

Click here to register for access to supporting materials.

CHRISTOPHER COLE, CFA - FOUNDER & CIO

Christopher R. Cole, CFA, is the founder of Artemis Capital Management LP and the CIO of the Artemis Vega Fund LP. Mr. Cole’s core focus is systematic, quantitative, and behavioral based trading of volatility and derivatives. His decision to form a fund came after achieving significant proprietary returns during the 2008 financial crash trading volatility futures and options (verified by independent auditor). Cole’s volatility research is highly influential in derivative and macro trading circles and widely quoted by the financial press. His 2012 research paper entitled, “Volatility at World’s End” argued the equity options market was mis-pricing and hedging the wrong tail (left as opposed to right). The paper was credited with re-pricing long-dated volatility, and named one of the best macro-economic thought pieces of the last decade. Mr. Cole is a frequent speaker at industry conferences and in the media. He previously worked in capital markets at Merrill Lynch and structured over $10 billion in derivatives and debt transactions.

EMIL KALINOWSKI

Emil Kalinowski joined Wheaton Precious Metals Intl. in 2014as Manager, Metals Market Research.  Mr. Kalinowski interprets commodity prices, macroeconomic trends and long-term country risks. His present focus is on the 2007 malfunction of the monetary system and its continuing disorder.  You can find his writings on the company website on the "Metals & Markets Blog".  Mr. Kalinowski earned the Chartered Financial Analyst designation in 2013 and holds a Bachelor of Finance and Master of Business Administration from Arizona State University. Prior to joining Wheaton, Mr. Kalinowski held positions at State Street and Goldman Sachs.  Presently living in the Cayman Islands, he is also radio talk show host and newspaper contributor but ratings and letters to the editor suggest he's probably going to have to keep his regular job.