OI15: Navigating the Commodity Markets with Calculo Capital ft. Ole Hansen & Philip Carlsson
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 23 April 2025
⏱️ 43 minutes
🧾️ Download transcript
Summary
Today, we're diving deep into the world of commodities with Calculo Capital, a short-term quantitative hedge fund based in Denmark. Our guests, Philip Engel Carlsson and Ole Hansen, share their insights on how they navigate the fast-paced commodity markets using machine learning techniques. We explore how their focus on liquid markets and short holding periods allows them to capitalize on price movements driven by supply and demand imbalances. The conversation also touches on the current trends in commodities, like the rising demand for precious metals and the impact of geopolitical events. Join us as we uncover the strategies behind Calculo's approach and what sets them apart in the investment landscape.
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Episode TimeStamps:
02:08 - Introduction to Calculo Capital
03:53 - The state of today's commodity markets
10:35 - Commodity performance numbers
11:34 - What is driving the increased performance in the precious metal markets?
15:35 - How the commodity performance impacts the way Calculo Capital is trading
16:48 - Why do Calculo Capital only focus on commodity markets?
18:12 - What kind of commodities do they trade and why?
19:50 - What is a supply/demand imbalance and how do you spot it?
21:23 - It's all about price
24:49 - How they find the optimal trading position
28:57 - How they apply machine learning in their trading
32:16 - How they execute trades
33:48 - What has attracted Ole Hansen into investing in Calculo Capital?
39:51 - Why is Calculo Capital based in Denmark?
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Transcript
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| 0:00.0 | And this is where the matching happens, basically, because when we take this new data, put into our database, |
| 0:14.0 | it finds a match that is as close to something it has seen before. |
| 0:20.0 | And as this is historic trades, we do know the outcome of these particular trades, T plus |
| 0:25.6 | one, T plus two. |
| 0:26.6 | So this actually gives us like an indicator on when we have seen these patterns before, |
| 0:32.6 | what happened to this particular trade. |
| 0:35.6 | Imagine spending an hour with the world's greatest traders. what happened to this particular trade. |
| 0:40.7 | Imagine spending an hour with the world's greatest traders. |
| 0:45.1 | Imagine learning from their experiences, their successes, and their failures. |
| 0:47.2 | Imagine no more. |
| 0:49.9 | Welcome to Top Traders Unplugged, |
| 0:53.6 | the place where you can learn from the best hedge fund managers in the world, so you can take your |
| 0:54.7 | manager, due diligence, or investment career to the next level. Before we begin today's |
| 0:59.6 | conversation, remember to keep two things in mind. All the discussion we'll have about investment |
| 1:04.3 | performance is about the past, and past performance does not guarantee or even infer anything |
| 1:09.6 | about future performance. Also understand that |
| 1:12.1 | there's a significant risk of financial loss with all investment strategies, and you need to request |
| 1:16.8 | and understand the specific risks from the investment manager about their product before you make |
| 1:21.8 | investment decisions. Here's your host, veteran hedge fund manager, Niels Kostrup Larson. |
| 1:38.3 | Welcome to another episode in the Open Interest Series on Top Traders Unplocked, hosted by Moritz-Seabert. |
| 1:45.0 | In life, as well as in trading, maintaining a spirit of curiosity and open-mindedness is key, and this is precisely what the Open Interest Series is all about. |
| 1:49.0 | Join Moritz as he engages in candid conversations with seasoned professionals from around the globe |
... |
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