Ep. 302: Zbigniew Hermaszewski and Natasha Reeve-Gray Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 19 December 2014

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guests today are Zbigniew Hermaszewski and Natasha Reeve-Gray, two of the four founding partners of Altis Partners–a very successful systematic and primarily trend following money management firm.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Covel's recent experiences traveling in Asia
The advantages of location independence
Early triggers that led Hermaszewski and Reeve-Gray into the systematic trading world and away from the efficient market hypothesis
Why Hermaszewskii was motivated to go down the particular path he went down
The advantages of a physics background when applied to trading
Looking for predicability in the markets
How Altis uses predictability in the context of their world
The four broad types of market behavior in Altis' program
Trend following and persistence
Inter-market relationships
Why there are no "manual" inputs in Altis' systematic program
Portfolio construction and why Altis is different from its peers
Applying the same models to all markets
The collegial atmosphere amongst London CTAs

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 Cobell.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:32.8	Today on the show, I have two of the four founding partners of Altus Partners, a very successful
0:41.5	trend following fund based in Jersey.
0:46.0	Actually, I'm not sure I know the full history, but I believe the island is essentially
0:52.2	owned by the queen. So everyone will have to correct me if I'm,
0:57.8	if I'm wrong on that. Today, it's a big nif, Hermazuski and Natasha Reeve Gray, join me for
1:08.0	this conversation. What a great story. Just fantastic insights on their
1:15.2	trend following approach. Not exactly like everyone else's. They do things differently. Everyone's
1:20.8	got their special sauce, so to speak. But again, just an inspirational story for people deciding they're going to do it and making
1:32.4	it happen. Some timeless wisdom, some great insights. I hope you enjoy this conversation. Where are you actually at the moment?
1:50.0	I'm in Saigon.
1:52.0	Oh, right, okay. Very nice.
1:54.0	Well, I'm very appreciative of arranging it slightly later in our morning, so thank you.
2:00.0	What time is it there now? I guess I've got
2:02.1	it's 5 p.m. Okay it's not too bad then so no actually I'm within working day put it this way
2:08.9	it's what's terrible is when I have to do a California call so then they're 15 hours ahead so
2:14.5	it's a nightmare oh my gosh you're a little bit sleepy in those calls?
2:19.5	15 hours behind, I'm sorry.
	...

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