MEDIA

FEATURED: The End Game Ep. 3 - Mike Green

7/6/2020

Bill and Grant welcome a towering intellect in the shape of Mike Green of Logica Advisors, to discuss the role passive investing may have to play in The End Game.

What follows is a good old-fashioned schooling, as Mike outlines the genesis of his work on passive's effect on the markets, the extraordinary influence it has on the world today and the way that's likely to change as we move towards The End Game.

If your head isn't spinning after this remarkable conversation, then that sure as hell isn't Mike's fault...

TGWPodcast.jpg

FEATURED: Navigating Market Volatility - The Derivative by RCM Alternatives

6/5/2020

In this episode, we’re joined by a powerhouse group of volatility experts consisting of Kevin Davitt, Wayne Himelsein, Jason Buck, and Bastian Bolesta – moderated by our very own Jeff Malec discussing Navigating Market Volatility. Providing more than just witty banter, you’ll be listening to us talk about how crazy volatility was during March/April, why the VIX is more than just for tail risk, is it too late for long volatility protection, why straddles & strangles, what everyone gets wrong about options, and the volatility landscape looking ahead. Follow along with our guests: • Kevin Davitt  • Bastian Bolesta • Jason Buck  • Wayne Himelsein

FEATURED: Logica's Wayne Himelsein - Preparing for the Return of Market Volatility

9/3/2019

Wayne Himelsein explains why he believes that markets are not prepared for a likely “phase shift” from a low volatility world to one where volatility is dramatically more pronounced for an extended period of time.

Betting Against Stability with Wayne Himelsein

9/3/2020

Wayne Himelsein begun his career on a proprietary trading desk at Carlin Financial Group in the mid-90’s, doing statistical arbitrage—complimentary to his mathematical nature.

Come 1999, Wayne launched his first fund to begin managing money for clients and institutions. Then in 2011, Wayne founded Logica Capital Advisers, where he currently takes the role of Chief Investment Officer.

Logica, as a quantitative investment firm, relies on rigorous research to develop its various model-driven strategies. For the most part, these are mean expansion strategies that generate alpha from being long volatility.

chat-with-traders-2x.png

Straddles, SVXY, and (Gamma) Scalping with Logica’s Mike Green

8/27/2020

With a Top Gun-like bio of working with billionaires and big hedge funds, Michael Green is one of the top prospects in the alternative investment game. BUT, all we hear him talking about these days is his passive thesis, to the point where he jokes – that may end up on his tombstone one day. We’ve heard all that elsewhere, so wanted to get into more – like what he has going on at Logica, if he loves straddles as much as Wayne Himelsein, how he views the current volatility landscape, his killer SVXY trade, The Princess Bride, adding fragility into the market, the tail wagging the dog, Coit Tower, Twitter business partners, opportunity cost vs covering the bleed, Zoom due diligence, and Gamma scalping.

The Recovery: Shape Matters - Live with Raoul Pal & Logica's Mike Green

4/8/2020

These are unprecedented times – entire countries have shut down, large portions of the global population are quarantined, business has come to a grinding halt, and markets are in disarray as they rally on hope and collapse on fear. With China showing the first signs of a return to relative normalcy and Europe seemingly making its way to the other side of the deadly curve, we are faced with one question: what will the shape of the recovery look like? Do we slide into oblivion from here (L)? Make a quick recovery (V)? Or go down a protracted road of pain and misery before seeing light (U)? To gain some clarity on what is possibly the single most important question of today, Raoul Pal, CEO & co-founder of Real Vision, joins chief strategist and portfolio manager at Logica Capital, Mike Green, to debate what the endgame looks like. Having expressed opposing views of life on the other side of COVID-19, this week’s Real Vision Live promises to shed light on the most important conversations taking place in capital markets right now.

RV LIVE RP & MG 04-2020.PNG

Logica's Michael Green Investing in the Upside Down from ReSolve Asset Management

6/5/2020

In this wide-ranging discussion, Logica's Mike Green describes a mosaic of ways to "seek out a straddle", and reveals new data and analysis to help flesh-out his thesis on the growing importance of systematic passive flows to U.S. stocks.

 

Mike makes a persuasive and disturbing case for how a series of regulatory changes driven by economic and political objectives have corrupted the equilibrium and signaling mechanisms of modern markets, and offers a framework, with specific examples, on how to position for a market environment that few currently expect.

 

Adam challenges Mike on a number of conjectures but Mike rises to the occasion with novel analysis and counter-intuitive interpretations bolstered by a variety of charts, tables and illustrations.

 

Trust us – this episode will challenge almost everyone's beliefs and is not to be missed.

Logica's Michael Green on Jim O'Shaughnessy's Infinite Loops Podcast

3/31/2020

In this episode of Infinite Loops we spoke with Michael Green, Partner & Chief Strategist at Logica Capital Advisers. In a wide-ranging discussion that could have lasted the rest of the day, we covered:

Logica's Michael Green on Bloomberg's Odd Lots Podcast:

Why The Rise of Passive Investing Might Be Distorting The Market

1/23/2020

Over the last decade or so, we've seen an incredible rise in so-called passive investing. While definitions differ over what this means, we've seen more and more money poured into index funds (which own every stock in a given basket). Meanwhile, money has been yanked away from money managers who attempt to select individual stocks. One school of thought argues that this is a positive, in part due to lower fees. But is there a dark side?

Capture.PNG
Odd Lots Pod.PNG

Wayne Himelsein: The Human Behind the Hedge Fund

On this episode we're covering the oddity of a volatility trader living somewhere where there is no volatility (in the weather), reading the world’s longest book, hoping this is the big one when your car is in midair, J-Curve the rapper, and overpaying by 1000% for out of the money options.

RCM.PNG

Michael Green: The Acquirer's Podcast - Passive Agro,

Shorting XIV, What's a Value Guy To Do?

Michael is a regular guest on Real Vision and his proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations. During the interview Michael provided some great insights into:

  • Passive Risks To The Market

  • Shorting The XIV

  • When Will Value Investing Recover

  • What Makes Chuck Royce Such A Phenomenal Investor

  • This Bull Market Is Different From Any Other

  • Warren Buffett Buying Index Funds

  • Baby Boomers And The Impact Of Mutual Fund Redemptions

  • What Caused The Recent Surge In Tesla

  • Original Link: https://bit.ly/2TVb9Ec

ReSolve Riffs with Logica's Wayne Himelsein on "Skew Baby"

11/20/2020

The year that saw the fastest decline, followed by the steepest recovery in market history has left one topic top of mind for most investors – volatility. Though down from its eye-watering spike in the first quarter, the VIX (CBOE Volatility Index) has remained significantly higher than in previous years, and not without good reason. The ongoing pandemic, a bifurcated and fragile economic recovery, the most polarized US presidential election in living memory, continued geopolitical saber-rattling between China and the US, and the list goes on…

We had the pleasure of hosting one of the foremost volatility experts in the industry – Wayne Himelsein (President and CIO of Logica Advisors) – for a deeply insightful conversation that covered:

  • His background in the industry, and how he met and partnered with Mike Green

  • Why “absolute” doesn’t mean steady returns – the lumpy nature of positive convexity

  • Why Logica loves gamma and how to “scalp” it

  • Unknown unknowns, unrealized vol and protecting against events that are by definition, outside of your sample distribution

  • The difficulty in sizing a long-volatility strategy within a broader portfolio

Wayne also delved into his investment process in some detail, including how Logica measures and adapts to market phase-shifts. You should probably just stop what you’re doing and press play.

11726 San Vicente Blvd. Suite 260
Los Angeles, California 90049 - MAP
+1.424.652.9500
clientrelations@logicafunds.com
For Product Specific Information Contact:
 
Steven Greenblatt
+1.424.652.9520
greenblatt@logicafunds.com

© 2020 by Logica

Because of the stay-at-home order and related effects of COVID-19, Logica was unable to meet the original filing deadline for its ADV, and relied on the SEC CV-19 order to file by the extended deadline.

  • LinkedIn Social Icon