TTU77: Competing in the Long Tail of Managed Futures ft. Kim Bang of Prolific Capital Markets – 1of2

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 24 March 2015

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kim Bang grew up with his father’s shipping industry in Denmark, and discovered a fascination of the managed futures industry. He went on to work for companies such as Bloomberg and AIG, before founding his current firm with his son. Listen to his story and find out what makes a firm that can compete in the managed futures industry.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

How Kim grew up in Denmark with his dad in the shipping business.
How he got into futures markets through his dad’s business.
Kim’s education in the U.S. and his first job on Wall Street.
How he left AIG to start his own business.
His time at Bloomberg building and running their TradeBook system.
About Kim’s son’s research club at New York University.
How he decided what to do next after his company was sold.
How he launched Prolific Capital Markets in 2013.
What he does when he’s not working.
How he built his business.
The funds needed to start his business and how institutional clients should be sought after.
What he can do himself and what he has outsourced.
How he builds a strong culture in his organization.
What his track record means to his potential investors.
What Kim is trying to achieve with the program itself.
What kind of environments are good for his program.

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Transcript

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0:00.0	Sure, it's a very tricky proposition.
0:05.0	And I mean, I think the reality is that what 80% of the investable assets, they go to the established
0:12.0	managers such as the ones in the beat top 50.
0:15.0	So there's a very long tail of smaller managers and emerging managers that have to fight over the scraps, right? So I think,
0:23.9	I think, unfortunately, that is the reality. Most new CTA benchmarked themselves against the
0:30.4	B-top 50 index, comprised of the some 20 firms in possession of more than 50% of the industry assets.
0:40.2	These are the largest and most successful firms in this particular category.
0:45.4	The question is, how does an emerging manager compete and break in knowing 80% or more
0:52.8	of the available investor capital flows to these few firms.
0:58.1	The good news is that all of these firms at one stage was also an emerging manager.
1:04.2	Of the 20 firms in the index, 19 of them started with AUM less of $5 million.
1:11.0	Interestingly, each of these firms had their best annualized returns for the first
1:16.9	three to five years in business returning on average 20% per year.
1:22.4	Once their AUM grew beyond $500 million, the annualized return settled around 10 to 12 percent and their correlation
1:31.2	converged.
1:32.2	Imagine spending an hour with the world's greatest traders.
1:36.5	Imagine learning from their experiences, their successes, and their failures.
1:41.1	Imagine no more.
1:42.5	Welcome to Top Traders Unplugged,
1:44.6	the place where you can learn from the best hedge fund managers in the world,
1:48.2	so you can take your manager due diligence or investment career to the next level.
1:53.2	Here's your host, veteran hedge fund manager, Niels Kastrop Larson.
	...

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