Published: Oct. 30, 2014, 6:29 a.m.
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Welcome to Part 2 of our conversation with Managed Futures expert and President Mike Harris of Campbell & Company. In this episode we delve into the specifics of Campbell & Company\\u2019s trading programs, how models are added or removed, and the importance of risk management. This episode also explores the managed futures industry as a whole and is a must-hear for anyone looking to gain knowledge about this strategy.
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In This Episode, You\\u2019ll Learn:
- About Campbell & Company\\u2019s trading program.
- How they create a trading strategy.
- Why they use a hypothesis driven system to add new models to their programs.
- About the peer review process they use before adding or subtracting models.
- When do you remove a model? How do you know when it isn\\u2019t working anymore?
- About position sizing and why its important.
- How they look at risk through something called Vertical Risk and Horizontal risk.
- Campbell\\u2019s systematic approach to risk management.
- How he deals with drawdowns.
- Why he worries about systemic risk and natural disasters.
- Why Mike thinks redundancies are so important.
- The risk of regulation.
- How these strategies tend to perform when interest rates go up.
- The trend of the managed futures industry and why it has been dominated by European firms in the past 10 years.
- What people need to become a successful manager: humility is \\u201cat the top of the list.\\u201d
- Books that Mike recommends.
- What he would do differently if he could talk to his younger self.
- The importance of managing work and life balance.
- What the future looks like for Campbell & Company.
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Resources & Links Mentioned in this Episode:
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