62: Uncovering the Quant Process - With Russell Korgaonkar, CIO of Man AHL

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 21 April 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Man Group is one of the world’s biggest hedge fund managers, and by some distance the largest listed one, with $148.6bn of assets under management. But the crown jewel of the City institution is Man AHL, a quantitative investment firm that alone manages over $57bn.

AHL was initially started by three pioneers of systematic investing, Mike Adam, David Harding and Martin Lueck. Today, its band of programmers, data scientists and algorithmic traders are overseen by Russell Korgaonkar, who was named Man AHL’s chief investment officer in 2020, alongside Man AHL CEO Matthew Sargaison.

If Russell had had his way, he would have been lighting up Formula One or the Premier League. But sadly his sporting talent didn’t quite match his aptitude for mathematics, and after a degree in physics at Oxford he joined Man AHL as a researcher in 2001.

However, as Russell stresses in this conversation with the FT’s Robin Wigglesworth, it is a misconception that the cultural hinterland of quants consists solely of chess and vintage computer games.

Another misunderstanding is that quants can relax on the beach while the machines do all the work. As Russell explains, successful systematic investing is hard work, requiring continual refinement of models and sniffing out new sources of returns in the chaos of financial markets.

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

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0:00.0	Welcome to the Money Maze 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.
0:19.2	We hope through direct and insightful interviews with
0:22.2	masters of the real-life money maze, we're going to learn about different approaches to allocating
0:27.1	capital, making investment and business decisions, and navigating the pitfalls that lie in the paths to
0:33.4	prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student
0:39.6	exploring career options, we hope you gain some helpful insights and enjoy the shows.
0:45.1	You can keep up to date by visiting Moneymayspodcast.com and please sign up to our newsletter
0:50.3	to ensure you won't miss a release. If you enjoy this show, please subscribe and we'd love
0:55.4	you to tell a friend or colleague about it. Thank you for listening. We're delighted to have
1:02.5	Schroeder's as a sponsor and corporate partner. Shroder's is a global investment and wealth manager
1:08.1	with a purpose to provide excellent performance to clients through
1:11.7	active investment management.
1:14.5	By serving institutions and individuals worldwide, Schroeder serves wider society.
1:20.9	Channeling capital into sustainable and durable businesses accelerates positive change in the
1:25.3	world.
1:27.0	Funding the future is a privilege. Schroeder use it
1:29.6	wisely and responsibly. As we know, capital is at risk with investing.
1:35.6	Vermont is also a sponsor of the Money Maze podcast. Bramont is an award-winning British company
1:41.3	that produces beautifully engineered chronometers designed to appeal to
1:46.0	those who share the passion and appreciation of the innovation and mastery behind a beautiful
1:51.0	mechanical wristwatch. Brought to you by the luxury British watchmaker, Vermont.
1:58.9	Hello, my name is Robin Wigglesworth. I'm a journalist with the Financial Times, but I'm
	...

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