Leda Braga, CEO of quantitative hedge fund Systematica Investments, discusses institutional portfolio allocation and the firm's strategic expansion into Chinese markets.
0:00 / 0:07exact quote · 7.6s
720p mp4 · rendered on demand · StarZero watermark
“And so we've really made a push into China. We've started our Shanghai office. And so China is, I think, a no brainer.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Leda Braga
Insight
Braga: Fearful discretionary traders derisk while systematic algorithms short
“Human beings, I think on average tend to take risk off if they fear. Whereas if you've got a systematic strategy, you have a good chance of carrying on with your investment process and just saying, no, no, the signal says I should short.”
Braga: Trend following is portfolio insurance investors get paid to hold
“That strategy in itself has positive expectation of return. So this is a bit like the insurance policy that I get paid to hold because the thing will have positive expectation of return. And yet when the rubbish hits the firm, I expect it to help my portfolio.”
Braga: Alternative datasets suffer from forecasting decay and become worthless over time
“Some of these alternative quirky data sets, their forecasting ability has a bit of decay. So they forecast for a while and then they become worthless.”
Braga: Multi-manager platforms enforce siloed teams that hoard intellectual property
“The platform approach is naturally, from what I gather in the industry, is naturally a more siloed approach, right? Is the small team that wants to do their own thing and keep their own intellectual property and not share with anybody else.”
Braga: Unwinding during drawdowns stems from poor upstream risk sizing
“Career-wise, in the running of the various strategies that we have run over the years, the mistakes that I have made, which I regret, have Almost all of them probably being related to unwinding strategies in the drawdown. Then you say, okay, what is the mistak…”
This entire site, over 700 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.