ReSolve Riffs w/ Marcos Bueno of Ascent Systematic on a Multi-Disciplinary Approach to Quant Equity

This week we had the pleasure of speaking with Marcos Bueno, CIO at Ascent Systematic Advisors. Marcos has a diverse and well-rounded backgrounded in finance, and our conversation covered topics that included: His background at proprietary trading desks and macro funds Starting his career in fundamental, research-oriented investing Early successes during a bull market while recognizing the role of luck The GFC, the Volker Rule and leaving Wall Street to join Graham Capital in London Combining global macro with trend-following The different perspectives between value investors and macro traders Opinion vs Gospel, Humility vs Hubris Bitten by the ‘systematic bug’ and becoming enamored with its elegance and efficiency Systematic thinking as a superior approach by keeping biases in check and limiting your downside Why the market is always ‘right’, even when it’s ‘wrong’ The emotional investment that comes with deep fundamental equity analysis and how it can skew investors’ perception How trend following takes advantage of some of the permanent features in markets Reflection on cognitive biases and trading intuition from a systematic perspective Signaling, information diffusion and self-fulfilling prophecies And much more… This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.   *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.