Ep. 186: Mikael Stenbom Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 29 November 2013
⏱️ 47 minutes
🧾️ Download transcript
Summary
My guest today is Mikael Stenbom, the CEO and founder of RPM, which is an advisory consulting firm in Sweden. They advise, consult, or manage over 3.5B AUM. Stenbom has had tremendous experience in understanding strategy and the money management side of the CTA/managed futures world.
The topic is CTA's.
In this episode of Trend Following Radio we discuss:
- Stenbom's early influences
- Stenbom's economics background
- Connections between economics, trading, and sociology
- The Austrian school of economics
- His style of responsive, systematic trading to new clients
- Andrew Lo's Adaptive Markets Hypothesis
- The process of rebranding Stenbom's firm in 2008
- The "politically infected" investor
- The cultural compatibility between Nordic countries and the Japanese
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.1 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:32.9 | A guest today is Mikiel's Stenbaum. |
| 0:36.4 | Mickeel is the CEO and founder of RPM, which is an advisory consulting firm in Sweden. |
| 0:46.3 | They advise or consult or manage over $3.5 billion. |
| 0:52.5 | Mikiel has had tremendous experience in understanding not only strategy, which is sort of my |
| 0:59.8 | world, but also the money management side of the CTA managed futures world. |
| 1:06.2 | I hope you enjoy our conversation. |
| 1:13.2 | So I have to tell you, |
| 1:14.2 | so I was watching your Opel-esque video |
| 1:16.7 | and your interview, |
| 1:18.8 | and I was thinking to myself, |
| 1:21.2 | well, why have I not talked to this Swedish fund manager before? |
| 1:24.5 | It sounds like he's been running |
| 1:25.6 | in a parallel world to me. |
| 1:27.2 | Yeah. You know, we have been a little, during our first 20 years of existence, we had a business |
| 1:35.1 | model that was more like white labeling. So investment banks and others, pension funds, |
| 1:49.7 | they sort of outsourced the construction and ongoing management of multi-manager portfolios to us. So we have we've had a business model that has been one of, you know, |
| 1:57.2 | white labeling. So we haven't been all that visible in the industry, apart, of course, CTAs. |
... |
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