Episode 128

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Published on:

6th Jun 2022

GestaltU Podcast with Jason Josephiac on Portable Alpha, Risk Mitigation and the Future of Investing

This week Adam and Rodrigo of ReSolve Global* had the pleasure of speaking with Jason Josephiac of Meketa Investment Group. Our conversation spanned topics including:

  • His background in the industry and joining Meketa
  • Asset Allocation: label/category diversification vs. risk/functional diversification
  • Risk Parity vs. Traditional Asset Allocation
  • What Portable Alpha
  • Synthetically creating your own “bond” with risk factors not directly tied to spreads and rates
  • Risk Mitigating Strategies (RMS)
  • Long Volatility – 1st Responders
  • Trend Following – 2nd Responders
  • Beta Neutral and Uncorrelated (Diversifiers)
  • Behavioral/psychological biases of investors
  • Why “hedge funds” are not an asset class and many “hedge fund” programs tend not to withstand the test of time
  • What is risk?
  • Generalists vs. Specialists
  • How LDI portfolios could be improved
  • Evolution of dissecting returns and understanding factor risks, what is alpha vs. beta
  • How can investment managers and investors become better aligned?

 

Thank you very much for tuning in – please like and share if you find the content valuable!

 

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

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About the Podcast

Resolve Riffs Investment Podcast
Welcome to ReSolve Riffs Investment Podcast, hosted by the team at ReSolve Global*, where evidence inspires confidence.
These podcasts will dig deep to uncover investment truths and life hacks you won’t find in the mainstream media, covering topics that appeal to left-brained robots, right-brained poets and everyone in between. In this show we interview deep thinkers in the world of quantitative finance such as Larry Swedroe, Meb Faber and many more, all with the goal of helping you reach excellence. Welcome to the journey.


*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.