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Money Maze Podcast

61: Why Quant is the Future – With Leda Braga, CEO & Founder of Systematica

Money Maze Podcast

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8216 Ratings

🗓️ 14 April 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary


Leda Braga has earned the nickname “the queen of quants”. After a PhD in engineering from Imperial College London, she spent seven years at JPMorgan as a quant the bank’s derivatives research team. After a stint at a start-up spun out of JPMorgan, the Brazil-born Leda then helped establish one of the industry’s leading systematic trend-following funds at Michael Platt’s BlueCrest. 


In the wake of eye-popping financial crisis success - the flagship BlueTrend fund made 43 per cent in 2008 - Leda spun out Systematica into a full-fledged standalone hedge fund group (though she reluctantly retired the Ducati motorbike). As chief executive of Systematica she has ridden through a tough time for trend-surfing systematic funds and solidified Leda’s reputation as a bold-faced name in the quant industry.


In this wide-ranging discussion with our guest presenter, the FT’s Robin Wigglesworth, Leda explores everything from gender balance in hedge funds and how “algorithm aversion” is no longer spooking investors to the different forms of trend-following and how quant is the future of the investment management world – whatever the old guard may say.


The Money Maze Podcast is sponsored by Schroders and  Bremont Watches.

Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management.

Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch.


Transcript

Click on a timestamp to play from that location

0:00.0

Over the next three episodes, I'll temporarily relinquish my interview seat in favour of Robin Wigglesworth, Global Finance Correspondent, at the Financial Times.

0:10.9

As the author of the best-selling book Trillions about passive investing, he's well placed to explore the topic of quant investing with the help of three of the biggest names in the industry.

0:21.3

So without further ado, please enjoy Robin and this mini-series.

0:33.9

Welcome to the Money Maize podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business. We hope through direct and insightful interviews with Masters of the Real Life Money Maze, we're going to learn about different approaches to allocating capital, making investment and

0:54.7

business decisions, and navigating the pitfalls that lie in the paths to prosperity. Whether you're a

1:00.7

current or aspiring investor, entrepreneur, professional or student exploring career options,

1:06.5

we hope you gain some helpful insights and enjoy the shows. You can keep up to date by visiting

1:12.1

Moneymayspodcast.com and please sign up to our newsletter to ensure you won't miss a release. If you

1:18.4

enjoy the show, please subscribe and we'd love you to tell a friend or colleague about it. Thank you

1:23.5

for listening. We're delighted to have Schroeder as a sponsor and corporate partner.

1:31.1

Schroeder is a global investment and wealth manager with a purpose to provide excellent

1:35.6

performance to clients through active investment management.

1:39.4

By serving institutions and individuals worldwide, Schroeder serves wider society.

1:46.1

Channeling capital into sustainable and durable businesses accelerates positive change in the world.

1:52.2

Funding the future is a privilege. Shroder's use it wisely and responsibly. As we know, capital is at risk with investing.

2:01.1

Vermont is also a sponsor of the Money Maze podcast.

2:04.5

Vermont is an award-winning British company that produces beautifully engineered chronometers

2:09.7

designed to appeal to those who share the passion and appreciation of the innovation and mastery

2:15.3

behind a beautiful mechanical wristwatch. Brought to you by the luxury British watchmaker, Vermont.

2:24.3

Hi, my name is Robin Wigglesworth. I'm a journalist with The Financial Times, but I'm glad to say that Simon has relinquished his normal seat for a few episodes

2:34.5

to allow me to dig into one of my favorite subjects, quantitative investing,

2:40.1

and how it's reshaping, asset management and markets more broadly.

...

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