About this episode

Jeff Malec interviews Christopher Reeve about investment strategies at Aspect Capital, discussing trend following and market diversification.

Jeff Malec sits down with Christopher Reeve, Chief Investment Officer of Aspect Capital, one of the original managed futures shops with roots tracing back to the "L" in AHL. Chris shares his path from chemistry and early-2000s AI at Oxford to 22 years at Aspect, where he now runs the investment side of the business. Jeff puts every trend following critique on the table, too big, too simple, too crowded, just beta, and Chris pushes back on all of it. They dig into why the edge is real but small, why multi-model diversification is the whole game, and why stacking lookalike models is fake diversification dressed up in a lab coat. The conversation covers cocoa and silver finally paying off, the replicator debate, why bond futures are really just seven yield curves in a trench coat, the case against explicit stops, and prediction markets. Plus King Charles, horses, chickens, and the Superman jokes that write themselves. - SEND IT! Chapters: 00:00-01:21= Intro 01:22-11:00= From Oxford AI and Chemistry to Building a Managed Futures Powerhouse 11:01-18:51= Is Trend Following Too Big and Too Simple? Edges, Critics, and the Evolution of Models 18:52-27:49= Designing Durable…

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