Podcast appearances and mentions of rodrigo gordillo

In this Q2 2026 commentary, Rodrigo Gordillo and Adam Butler review the Return Stacked® ETF suite, highlighting how combining trend and carry strategies capture unique signals during supply and demand shocks. The conversation also covers merger arbitrage as an overlooked corporate bond alternative, alongside the mechanics of gold and Bitcoin stacking. Finally, the two discuss the launch of the International Stocks & Managed Futures ETF (RSIT), which quickly grew to over $60 million in assets, and the addition of new agricultural markets to the trend and carry strategies.Topics Discussed• Diversification of risk using trend and carry strategies within investment portfolios• Launch and performance of RSIT (International Developed Trend ETF) and addition of agricultural markets• Understanding and capturing carry (roll yield) in energy and futures markets• Mechanics and performance of Return Stacking ETFs including RSSB, RSSX, and RSBA• Benefits of merger arbitrage as a diversifier and corporate bond alternative• Managing behavioral challenges and providing transparency to advisors using Return Stacking• Minimizing hidden financing and funding costs when using futures overlaysThe performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.For prospectus and performance and risks visit the fund pages.RSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/RSSX does not invest directly in Bitcoin or Gold. Exposures to gold and bitcoin will be done via exchange traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullionInvestors should carefully consider the investment objectives, risks, charges and expenses of Return Stacked® ETFs lineup before investing. This and other important information about the Return Stacked® ETF lineup is contained in their respective prospectus. For a prospectus or summary prospectus with this and other information about the Funds, please click the links above. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary.Newfound Research LLC (“Newfound”) serves as investment sub-adviser to RSST, RSIT, RSBT, RSSY, RSBY, RSBA, RSSB, and RSSX.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF (RSBT), the Return Stacked® U.S. Stocks and Managed Futures ETF (RSST), the Return Stacked® U.S. Stocks & Futures Yield ETF (RSSY), the Return Stacked® Bonds & Futures Yield ETF (RSBY), Return Stacked® U.S. Stocks & Gold/Bitcoin ETF (RSSX), Return Stacked® International Stocks & Managed Futures (RSIT) and their respective Subsidiaries.Quantify Chaos Advisors, LLC (“Quantify”) serves as the sub-adviser to the STKd 100% Bitcoin & 100% Gold ETF (BTGD). Quantify has entered into a brand licensing agreement with Newfound and Resolve granting Quantify the right to use the “STKd” brand, a derivative of Return Stacked®. Neither the Trust nor the Adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the Fund's unitary management fee.The Return Stacked® ETFs suite is distributed by Foreside Fund Services, LLC, Member FINRA/SIPC. Foreside is not related to Tidal, Newfound, ReSolve or Quantify.Definitions:Duration: refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk. Beta: how much an investment moves vs. a benchmark (like the market). Alpha: refers to returns above that of a passive market benchmark SocGen: is a common abbreviation for Société Générale S.A. Trend index: tracks returns from trend-following strategies, aiming to capture gains from sustained market price movements across assets. FTSE 100 Index: Financial Times Stock Exchange 100 Index DAX index: Deutscher Aktienindex is the benchmark stock market index of the Frankfurt Stock Exchange Nikkei 225 or Nikkei Stock Average is the leading stock market index for the Tokyo Stock Exchange (TSE) Alpha merger Index: tracks returns from merger arbitrage strategies, aiming to capture deal-related profits independent of the broader market.A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis. Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. Cayman Subsidiary Risk: By investing in the Fund's Cayman Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary's investments. The futures contracts and other investments held by the Subsidiary are subject to the same economic risks that apply to similar investments if held directly by the Fund. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in the Fund's Prospectus, is not subject to all the investor protections of the 1940 Act. Commodity Risk: Investing in physical commodities is speculative and can be extremely volatile. Commodity-Linked Derivatives Tax Risk: The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations, or other legally binding authority. As a registered investment company (RIC), the Fund must derive at least 90% of its gross income each taxable year from certain qualifying sources of income under the Internal Revenue Code. If, as a result of any adverse future legislation, U.S. Treasury regulations, and/or guidance issued by the Internal Revenue Service, the income of the Fund from certain commodity-linked derivatives, including income from the Fund's investments in the Subsidiary, were treated as non-qualifying income, the Fund may fail to qualify as RIC and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a RIC may limit the Fund's use of such derivative instruments. Commodity Pool Regulatory Risk: The Fund's investment exposure to futures instruments will cause it to be deemed to be a commodity pool, thereby subjecting the Fund to regulation under the Commodity Exchange Act and the Commodity Futures Trading Commission rules. Because the Fund is subject to additional laws, regulations, and enforcement policies, it may have increased compliance costs which may affect the operations and performance of the Fund. Credit Risk: Credit risk refers to the possibility that the issuer of a security will not be able to make principal and interest payments when due. Changes in an issuer's credit rating or the market's perception of an issuer's creditworthiness may also affect the value of the Fund's investment in that issuer. Derivatives Risk: Derivatives are instruments, such as futures contracts, whose value is derived from that of other assets, rates, or...

What does it take to build a portfolio that can survive inflation shocks, growth booms, credit crises, and lost decades—without sacrificing long-term return potential?In this episode, Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management, joins Pierre Daillie to break down the Four Piston Portfolio: an All-Terrain investing framework designed to perform across a wide range of economic regimes. Drawing on principles of risk parity, managed futures, systematic macro, defensive leverage, and return stacking, Rodrigo explains why diversification—not prediction—is the foundation of resilient portfolio construction.Rodrigo's conviction was forged early. Growing up in Peru, he witnessed 7,200% hyperinflation wipe out his family's savings. A 55% Toronto housing crash followed, then the tech bust. These experiences shaped his belief that no single asset class should be trusted with your entire financial future.The result is a portfolio "engine" powered by four balanced return drivers: global equities, long-term bonds, gold, and systematic macro. By allocating risk rather than dollars, and using capital-efficient tools to scale diversification to equity-like risk, Rodrigo argues investors can pursue stronger long-term outcomes with shallower drawdowns and less dependence on any single market forecast.The conversation explores risk budgeting, managed futures, trend following, return stacking, and the growing institutional shift toward the Total Portfolio Approach—offering a practical blueprint for investors seeking to build portfolios that can adapt to whatever the next decade may bring.Key Topics• Rodrigo's formative years: hyperinflation in Peru, the Toronto housing crash, and the experiences that shaped his investment philosophy• Why portfolios built on the last 40 years of market experience may be vulnerable to the next lost decade• The Four Piston Portfolio: combining global equities, long-term bonds, gold, and systematic macro• Why diversification beats prediction in uncertain economic environments• How inflation and growth regimes determine which assets lead and which lag• Risk parity and inverse-volatility weighting versus traditional asset allocation• Why "equities for returns and bonds for protection" misses the bigger picture• Defensive leverage and the difference between productive and destructive leverage• Managed futures, trend following, and systematic macro as powerful diversifiers• Return stacking and capital-efficient portfolio construction• Solving the diversification dilemma without sacrificing market participation• Thinking in units of risk rather than dollars: institutional risk budgeting and the Total Portfolio ApproachRead the companion article, From All-Weather to All-Terrain Investing for the Stormy Decade Ahead:https://investresolve.com/from-all-weather-to-all-terrain-investing-for-the-stormy-decade-ahead/

What if the reason your portfolio sometimes fails you isn't the assets you picked — but the engine you never built?In this episode of Insight Is Capital, host Pierre Daillie sits down with Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management, for a masterclass in what truly diversified, all-weather portfolio construction actually looks like — and why it's fundamentally different from anything most advisors and investors have ever been offered.Rodrigo's story begins in Lima, Peru — where a government printing money into hyperinflation wiped out his family's savings overnight — and runs through the dot-com crash, the 2008 financial crisis, and the brutal 2022 simultaneous collapse of stocks and bonds. Those lived experiences didn't just shape his worldview; they became the architecture of a completely different way to build portfolios.What emerges from this conversation is a framework that challenges nearly every assumption embedded in the standard 60/40 model — and explains why most "diversified" portfolios are actually running 85–90% equity risk under the hood. Rodrigo and Pierre explore how thoughtful, purposeful leverage can transform a low-octane diversified portfolio into something that competes with equities — without simply concentrating more risk in equities.From regime-aware asset allocation across equities, bonds, gold, and systematic macro strategies, to the mechanics of return stacking and portable alpha, to the emerging institutional concept of "total portfolio" risk budgeting — this episode covers the intellectual terrain that separates sophisticated portfolio construction from the conventional wisdom most advisors were trained on.Whether you're a seasoned allocator or just beginning to question the limits of traditional asset allocation, this is a conversation about what it truly means to prepare for an unknowable future — not predict it.⏱ CHAPTERS00:00 — Introduction: All-Terrain Investing & What It Takes to Build for Any Market Weather 01:25 — Rodrigo's Origin Story: Hyperinflation in Peru, Immigration to Canada & Early Financial Scars 05:14 — From Commerce & Statistics to Quant Finance: Why "Don't Lose Money" Became His North Star 07:01 — What Is the All Terrain Fund? The Problem It's Designed to Solve 10:22 — Equity-Like Returns With a Different Risk Profile: The Core Promise 13:04 — Prepare, Don't Predict: The Philosophy Behind Regime-Aware Portfolio Design 17:18 — The Four Pistons: Global Equities, Bonds, Gold & Systematic Macro — and Why Each Matters 20:16 — Inflation Regimes, Growth Regimes, and What Actually Works When 22:17 — The 60/40 Illusion: Why "Balanced" Portfolios Are Actually 85–90% Equity Risk 36:40 — The Nobel Prize–Winning Case for Defensive Leverage: What It Is and Isn't 38:30 — Risk Management Filters: Momentum, Trend, and Knowing When to Step Aside 41:32 — Adding the Fifth Piston: Systematic Macro, Managed Futures & Crisis Alpha 42:55 — Return Stacking & Portable Alpha: How to Add Diversifiers Without Selling Your Core 51:03 — Tail Protection and Long Volatility: The Final Layer of the Framework 01:03:09 — Backtests, Forward Expectations & The Simple Math Behind Stacking Risk Premia 01:08:52 — Rethinking the 100% Portfolio: How Institutions Actually Think About Risk Budgets 01:11:04 — The Total Portfolio Approach: A Brand New Institutional Concept That's 20 Years Old 01:14:02 — Wrap-Up, Where to Learn More & Resources

Drawing from quarterly commentary, Rodrigo Gordillo and Corey Hoffstein review the performance and positioning of the Return Stacked® suite of ETFs. They explore the drivers behind their trend following strategies, explaining the whipsaw experienced in certain markets and the strong performance in others like metals and equities. The discussion also provides a detailed case study on the challenges faced by multi-asset carry (futures yield) strategies, the opportunistic nature of their merger arbitrage approach, and the mechanics of the gold and Bitcoin overlay. This episode offers a comprehensive look at how these distinct strategies navigated the recent market environment.Topics DiscussedAn overview of the Return Stacked® ETF suite's growth, having surpassed $1 billion in assetsThe utility of the RSSB global stocks and bonds ETF as a versatile tool for capital efficiency and creating portfolio overlaysA detailed breakdown of the trend-following replication strategy, which combines top-down and bottom-up models to track a managed futures indexAnalysis of the challenging market environment for trend following, marked by policy-driven whipsaws and unexpected economic newsAn in-depth case study on the multi-asset carry strategy's underperformance, using crude oil to explain the impact of rapid shifts in market expectationsPositioning the merger arbitrage strategy (RSBA) as an attractive, uncorrelated alternative to traditional credit investmentsThe dynamic, risk-parity approach to the gold and Bitcoin overlay in the RSSX ETF for hedging against inflation and currency debasement riskDiscussion on the nature of diversification, emphasizing that it implies zero correlation, not necessarily negative correlation, between assetsRSSX does not invest directly in Bitcoin or Gold.Exposures to gold and bitcoin will be done via exchange traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullion.For prospectus and performance and risks visit the fund pages.RSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/Investors should carefully consider the investment objectives, risks, charges and expenses of Return Stacked® ETFs lineup before investing. This and other important information about the Return Stacked® ETF lineup is contained in their respective prospectus. For a prospectus or summary prospectus with this and other information about the Funds, please click the links above. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary.Newfound Research LLC (“Newfound”) serves as investment sub-adviser to RSST, RSBT, RSSY, RSBY, RSBA, RSSB, and RSSX.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF (RSBT), the Return Stacked® U.S. Stocks and Managed Futures ETF (RSST), the Return Stacked® U.S. Stocks & Futures Yield ETF (RSSY), the Return Stacked® Bonds & Futures Yield ETF (RSBY), Return Stacked® U.S. Stocks & Gold/Bitcoin ETF (RSSX) and their respective Subsidiaries.Quantify Chaos Advisors, LLC (“Quantify”) serves as the sub-adviser to the STKd 100% Bitcoin & 100% Gold ETF(BTGD). Quantify has entered into a brand licensing agreement with Newfound and Resolve granting Quantify the right to use the “STKd” brand, a derivative of Return Stacked®. Neither the Trust nor the Adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the Fund's unitary management fee.The Return Stacked® ETFs suite is distributed by Foreside Fund Services, LLC. Foreside is note related to Tidal, Newfound, Resolve or Quantify.

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management and Co-Founder of Return Stacked ETFs, delves into the history, mechanics, and benefits of managed futures strategies. Gordillo recounts the evolution from the original turtle traders to modern systematic approaches in trend following. He explains the behavioral finance underpinnings that make these strategies effective, including concepts like anchoring and cascading effects. The conversation covers the diversification benefits of managed futures, their non-correlation with traditional asset classes, and their performance in different market regimes. Gordillo also introduces return stacking and portable alpha concepts, illustrating how these methods can provide both diversification and potential outperformance without significantly increasing portfolio risk. The discussion includes practical examples and the mechanics behind ETFs like RSST and RSBT.00:00 Introduction to Managed Futures01:24 Understanding Trend Following03:11 Behavioral Finance and Trend Following04:12 Benefits of Investing in Managed Futures07:46 Challenges of Diversification10:30 Return Stacking Explained13:19 Mechanics of RSST and RSBT21:06 Practical Use Cases for Return Stacking23:45 Conclusion and Further LearningDefinition of terms used:S&P 500: A market-capitalization-weighted index that tracks the performance of approximately 500 leading U.S. publicly traded companies, widely used as a benchmark for the overall U.S. equity market.Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please click here (https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/) Read the prospectus or summary prospectus carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Toroso Investments, LLC (“Toroso”) serves as investment adviser to the Funds and the Funds' Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds. ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Fund and the Funds' Subsidiary. Foreside Fund Services, LLC is the distributor for the Funds. Foreside is not related to Toroso, Newfound, or ReSolve.

In a special roundtable discussion, Rodrigo Gordillo, Corey Hoffstein, Mike Philbrick, and Adam Butler each present their top investment idea for 2026, centered around a specific Return Stacked® ETF. The conversation explores a range of compelling theses, from the role of scarce assets like gold and Bitcoin to the strategic use of alternatives such as trend following and merger arbitrage. This forward-looking analysis delves into the evolving landscape of portfolio construction, the importance of capital efficiency, and the broader implications of ongoing monetary and fiscal debasement.Topics Discussed• The investment case for stacking scarce assets like gold and Bitcoin on stocks (RSSX) as a hedge against permanent monetary debasement• Utilizing bonds as a portfolio ballast and stacking managed futures strategies like trend and carry for diversification (RSBT & RSBY)• The argument for replacing corporate credit exposure with a combination of Treasuries and merger arbitrage (RSBA) due to tight credit spreads• Using a global stock and bond fund (RSSB) to create capital efficiency for adding low-volatility alternatives or tactical cash positions• The increasing institutional adoption of Bitcoin, signaling its potential shift from a fringe asset to a foundational portfolio component• A defense of holding bond duration for its predictable long-term returns and its role as a diversifier during cyclical recessions• The complementary nature of trend and carry strategies as different ways to harvest risk premia in managed futures• Merger arbitrage as a unique and defensible risk premium that is structurally uncorrelated with traditional equity and credit risk• The paradigm shift in portfolio construction for retail investors enabled by the accessibility of Return Stacking strategiesRSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.DefinitionsBeta: How much an investment moves vs. a benchmark (like the market).NASDAQ 100: Index of 100 big non-financial companies listed on Nasdaq.Mag 7: A nickname for seven mega-cap U.S. tech/growth stocks that have dominated index performance in recent years: Apple, Microsoft, Alphabet (Google), Amazon, Nvidia, Meta, Tesla.AGG (the “Agg”): Broad U.S. investment-grade bond market benchmark/ETF. Duration refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk.A Basis Point is equal to 0.01% and is commonly used to express changes in interest rates, fees, or investment returns. For example, 50 basis points equals 0.50%.ICE corporate index: A benchmark that tracks corporate bonds (from ICE).Sharpe ratio: Return earned per unit of risk.Coupon: The interest a bond pays each year (based on face value).DisclaimersThe performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above.Exposures to gold and bitcoin will be done via exchange traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullion.Investors should carefully consider the investment objectives, risks, charges and expenses of the Return Stacked® ETFs. This and other important information about the ETFs is contained in their prospectuses, which can be obtained by calling 1-844-737-3001 or clicking here. The prospectuses should be read carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis.Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. You could lose all or substantially all of your investment in the Fund should the Fund's trading positions suddenly turn unprofitable. The net asset value of the Fund while employing leverage will be more volatile and sensitive to market movements.Leverage Risk. As part of the Fund's principal investment strategy, the Fund will make investments in futures contracts. These derivative instruments provide the economic effect of financial leverage by creating additional investment exposure to the underlying instrument, as well as the potential for greater loss.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF, the Return Stacked® U.S. Stocks and Managed Futures ETF, the Return Stacked® U.S. Stocks &...

Rodrigo Gordillo, Corey Hoffstein, and Adam Butler review the Q3 2025 performance of their ETF suite, drawing from the latest Return Stacked® ETFs Quarterly Performance Report. The discussion explores the strategies and use cases for each capital-efficient fund, from the core stock/bond RSSB to the newer gold and Bitcoin-focused RSSX. They delve into the underlying mechanics of the stacked strategies, including trend following replication, merger arbitrage, and the concept of portable alpha. This quarterly analysis provides a detailed look at how each fund has performed and is positioned within the broader framework of Return Stacking.Topics Discussed• An overview of the Return Stacking ETF suite's growth to over one billion dollars in assets under management• The capital efficiency and diverse use cases of the RSSB fund, which provides 100/100 exposure to global stocks and bonds• A detailed look at the blended replication approach used to track the trend following managed futures category in RSST and RSBT• The role of the futures yield (carry) strategy as a low-correlation diversifier to trend following• Positioning the RSBA merger arbitrage fund as an alternative to traditional corporate credit, especially with credit spreads at historic lows• Managing exposure to gold and Bitcoin in the RSSX fund through an active inverse volatility weighting strategy• The practical benefits of pre-stacked solutions for advisors, such as simplified implementation and automated rebalancing• A review of recent performance drivers, including the resurgence in trend following and the lifecycle of merger arbitrage dealsRSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/DefinitionsA Basis Point is equal to 0.01% and is commonly used to express changes in interest rates, fees, or investment returns. For example, 50 basis points equals 0.50%.Duration refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk.Standard Deviation is a statistical measure of how much an investment's returns vary from its average over time, indicating the degree of volatility or risk*The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.** Investors should carefully consider the investment objectives, risks, charges and expenses of the Return Stacked® ETFs. This and other important information about the ETFs is contained in their prospectuses, which can be obtained by calling 1-844-737-3001 or clicking here. The prospectuses should be read carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary.Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF, the Return Stacked® U.S. Stocks and Managed Futures ETF, the Return Stacked® U.S. Stocks & Futures Yield ETF, the Return Stacked® Bonds & Futures Yield ETF, and their respective Subsidiaries.Quantify Chaos Advisors, LLC (“Quantify”) has entered into a brand licensing agreement with Newfound Research LLC (“Newfound”) and ReSolve Asset Management SEZC (Cayman) (“ReSolve”), granting the Quantify the right to use the “STKd” brand, a derivative of Return Stacked®. Neither the Trust nor the Adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the Fund's unitary management fee.Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis. Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. Derivatives Risk: Derivatives are instruments, such as futures contracts, whose value is derived from that of other assets, rates, or indices. The use of derivatives for non-hedging purposes may be considered to carry more risk than other types of investments. Digital Asset Risk: Digital assets like bitcoin, designed as mediums of exchange, are still an emerging asset class and are not presently widely used as such. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Gold Investment Risks: The Fund will not invest directly in gold but will gain exposure through gold futures contracts and Underlying Funds. These investments are subject to significant risk due to the inherent volatility and unpredictability of the commodities markets. The value of these investments is typically derived from the price movements of physical gold or related economic variables. Leverage Risk: As part of the Fund's principal investment strategy, the Fund will make investments in futures contracts to gain long and short exposure across four major asset classes (commodities, currencies, fixed income, and equities). These derivative instruments provide the economic effect of financial leverage by creating additional investment exposure to the underlying instrument, as...

In this episode, Rodrigo Gordillo, Mike Philbrick, and Adam Butler from ReSolve Asset Management Global explore the timely relevance of managed futures, examining why the current macroeconomic environment may be particularly favorable for these strategies. They discuss recent drawdowns, the uncorrelated nature of trend and carry strategies, and the importance of diversification. The conversation also covers the benefits of strategic overlaying in portfolios, the impact of policy shocks, and the potential for managed futures to add value in various market conditions, including inflationary periods.

In this episode, Rodrigo Gordillo, Mike Philbrick, and Adam Butler explore the timely relevance of managed futures, examining why the current macroeconomic environment may be particularly favorable for these strategies. They discuss recent drawdowns, the uncorrelated nature of trend and carry strategies, and the importance of diversification. The conversation also covers the benefits of strategic overlaying in portfolios, the impact of policy shocks, and the potential for managed futures to add value in various market conditions, including inflationary periods.Topics Discussed• The recent, challenging drawdown period for both trend and carry managed futures strategies• Behavioral hurdles of investing in strategies that hit new highs infrequently, leading to investor fatigue• The strong macro case for diversification due to concentrated U.S. equity portfolios and potential inflation• The physical resource demand from the AI boom creating potential trends in commodities and energy• The role of managed futures in capturing global trends beyond commodities, including international equities and currencies• The argument that the fundamental drivers for trend and carry remain intact despite recent performance• Utilizing Return Stacking to reduce tracking error and make it easier to hold diversifiers long-termMentioned in this episode:The Return Stacking SymposiumOctober 8, 2025 | Chicago A full day of curated portable alpha / return stacking education. Register Here: https://www.returnstacked.com/return-stacking-symposium-2025/

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management Global, and Mike Philbrick, CEO of ReSolve Asset Management Global unpack Ric Edelman's bold argument for allocating 10–40% of a portfolio to Bitcoin. They explore how Bitcoin is evolving from a fringe asset to a foundational one, discuss its role alongside gold, and examine the structural shifts—from regulatory clarity to ETF innovation—that are driving institutional adoption. If you're rethinking diversification in a changing economic landscape, this conversation delivers the key insights.Topics Discussed• Differentiating Bitcoin and gold as scarce, non-cash flow assets that offer distinct diversification benefits• The role of regulatory clarity and its accelerating impact on institutional and advisor adoption of Bitcoin• Return stacking techniques that allow alternative assets like Bitcoin and gold to be layered on top of traditional cash-flow portfolios• Key insights from the Ric Edelman paper regarding Bitcoin's portfolio allocation and the existence of a measurable risk premium• Portfolio construction strategies, including equal risk contribution approaches between Bitcoin and gold• Analyzing the impact of Bitcoin's volatility on overall portfolio risk metrics and diversification outcomes• Innovations in digital asset accessibility through ETFs, buffered ETFs, and curated crypto index solutions• The evolving investment narrative for Bitcoin as a global asset amidst shifting economic and fiscal paradigms

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management Global, and Mike Philbrick, CEO of ReSolve Asset Management Global unpack Ric Edelman's bold argument for allocating 10–40% of a portfolio to Bitcoin. They explore how Bitcoin is evolving from a fringe asset to a foundational one, discuss its role alongside gold, and examine the structural shifts—from regulatory clarity to ETF innovation—that are driving institutional adoption. If you're rethinking diversification in a changing economic landscape, this conversation delivers the key insights.

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management Global, and Mike Philbrick, CEO of ReSolve Asset Management Global unpack Ric Edelman's bold argument for allocating 10–40% of a portfolio to Bitcoin. They explore how Bitcoin is evolving from a fringe asset to a foundational one, discuss its role alongside gold, and examine the structural shifts—from regulatory clarity to ETF innovation—that are driving institutional adoption. If you're rethinking diversification in a changing economic landscape, this conversation delivers the key insights.(0:00) Introduction to the Get Stacked Investment Podcast(2:45) Introduction of podcast hosts and disclaimers(3:33) Bitcoin as a digital hard currency compared to gold(7:22) Regulatory clarity and adoption of Bitcoin in portfolios(10:01) Evolving landscape for Bitcoin in traditional finance(13:11) Risk premium of non-cashflow assets(20:05) Benefits and methods of return stacking with Bitcoin(24:34) Behavioral biases in long-term Bitcoin allocation(26:28) Portfolio construction and the Bitwise paper on Bitcoin(31:16) Adjusting portfolios for inflation expectations(33:15) Risk budgeting with alternative assets like gold and Bitcoin(37:10) Using volatility as a heuristic for allocation(39:06) Global adoption and diversification with real assets(41:13) Research resources and concluding remarks

In this episode of ReSolve Riffs, host Mike Philbrick and Rodrigo Gordillo welcome Mark Valek, partner at Incrementum AG and co-author of the acclaimed In Gold We Trust report. Mark, a seasoned macro investor with decades of expertise at the intersection of gold, monetary policy, and systemic risk, offers deep insights into the evolving roles of gold and Bitcoin. The discussion covers a diverse range of topics including macro investing, fiscal dominance, central bank gold accumulation, innovative portfolio allocations, and the emergence of Bitcoin as digital gold.Topics Discussed• Gold as a superior store of value with a stable stock-to-flow ratio• The impact of central bank gold accumulation amid global financial uncertainty• Fiscal dominance, counterparty risks, and the influence of geopolitical tensions• Future gold price scenarios and detailed long-term predictions under varying inflation conditions• The evolution of Bitcoin as a digital alternative to traditional gold• Reimagining the classic 60/40 portfolio with an emphasis on hard assets• Practical investor guidance on asset allocation strategies and risk managementMentioned in this episode:The Return Stacking SymposiumOctober 8, 2025 | Chicago A full day of curated portable alpha / return stacking education. Register Here: https://www.returnstacked.com/return-stacking-symposium-2025/

In this episode hosts Mike Philbrick and Rodrigo Gordillo welcome Mark Valek, partner at Incrementum AG and co-author of the acclaimed In Gold We Trust report. Mark, a seasoned macro investor with decades of expertise at the intersection of gold, monetary policy, and systemic risk, offers deep insights into the evolving roles of gold and Bitcoin. The discussion covers a diverse range of topics including macro investing, fiscal dominance, central bank gold accumulation, innovative portfolio allocations, and the emergence of Bitcoin as digital gold.

In this episode hosts Mike Philbrick and Rodrigo Gordillo welcome Mark Valek, partner at Incrementum AG and co-author of the acclaimed In Gold We Trust report. Mark, a seasoned macro investor with decades of expertise at the intersection of gold, monetary policy, and systemic risk, offers deep insights into the evolving roles of gold and Bitcoin. The discussion covers a diverse range of topics including macro investing, fiscal dominance, central bank gold accumulation, innovative portfolio allocations, and the emergence of Bitcoin as digital gold.(0:00) Introduction and Event Announcement(3:04) Introduction of Guest Mark Valek(3:50) "The Big Long" Concept and Central Banks' Role(7:55) Sanctions Impact on Trust and Rise in Gold Purchases(11:33) Fiscal Dominance and Gold's Monetary Role(22:10) Gold Price Stability Amid Quantitative Tightening(28:28) Inflation and Gold Market Projections(33:13) Gold Allocation in Diversified Portfolios(41:31) Gold vs. Bitcoin: Asset Comparison(45:47) Bitcoin Adoption and Market Outlook(51:27) Integrating Gold and Bitcoin in Investment Strategies(53:26) Rethinking the Traditional Investment Portfolio(55:37) Exploring Alternative Assets(58:15) Structuring the New Age Portfolio(59:54) Closing Insights on Portfolio Performance(1:00:13) Guest Information and Incrementum Insights(1:01:40) Outro and Listener Engagement

ReSolve Riffs returns with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked® ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked® ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.Topics DiscussedStructural fundamentals and the historical role of gold as a monetary assetInstitutional shifts and the public adoption phase in gold investingComparative analysis of gold versus bitcoin in today's marketPortfolio diversification through equal risk contribution and return stackingBehavioral influences and challenges in market timing and allocationThe impact of central banks, emerging markets, and global macro trends on gold demandLeveraged products, futures, and the risks associated with volatility dragStrategic portfolio construction using non-correlated assets for enhanced returns

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.(0:00) Event invitation and podcast introduction(2:30) Episode focus: Gold, Bitcoin, and precious metals(3:03) Historical perspective on gold and its value(5:34) Gold's market dynamics and institutional interest(10:36) Structural reasons for gold's performance and public participation(17:01) Integrating gold into portfolios and comparison with other asset classes(23:27) Future prospects for gold mining stocks(24:33) Bitcoin as the digital counterpart to gold(26:13) Bitcoin vs. gold: Volatility and allocation strategies(30:34) Return stacking in portfolio construction(33:28) Rebalancing strategies with gold and Bitcoin(36:03) Institutional adoption of Bitcoin and gold(38:18) Behavioral finance in commodity investing(44:06) Incorporating non-correlated assets into portfolios(49:32) Developing intuition for emerging asset classes(51:01) Audience questions on volatility and leverage(55:28) Managing risk and avoiding excessive leverage(56:22) Seasonal gold investment strategies(57:00) Leveraging borrowing costs for capital efficiency(58:38) Diversifying with return stacking across asset classes(59:01) Contact information and episode disclaimer(59:48) Closing remarks and next steps

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.(0:00) Event announcement: Return Stacking Symposium at Cboe Global Markets(0:44) Introduction to the Get Stacked Investment Podcast and Guest Rafael Ortega(3:40) Discussion on return stacking and balanced portfolio approaches(5:09) Rafael Ortega's journey from engineering to investment management(8:56) Exploring Harry Brown's permanent portfolio concept(12:16) Asset performance across different economic cycles(17:52) Building a community around structural diversification(22:49) Rafael Ortega on the challenges and opportunities with conservative strategies(26:40) Risk balancing and the impact of volatility on returns(32:04) Understanding the concept of return stacking(34:14) Tackling operational and compliance challenges in investment management(37:02) Examining the role of leverage in diversified portfolios(40:23) Comparing drawdown recovery: S&P 500 vs. diversified portfolios(45:07) Educating investors on the value of diversification(47:21) Debunking misconceptions about all terrain portfolios(48:09) The long-term benefits of a more efficient portfolio(52:43) Managing emotions during market downturns(54:53) Resilience of leveraged portfolios(57:00) Predicting the mainstream adoption of diversifiers(59:30) Tailoring investment strategies to different investor profiles(1:01:00) Growing interest in return stacking and portable alpha(1:03:04) Navigating regulatory challenges in investment strategies(1:06:26) Prospects for the long-term adoption of return stacking(1:07:42) Closing remarks and Rafael Ortega's online presence(1:09:19) Outro and call to action

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.Topics DiscussedRafael Ortega's journey from engineering to a transformative investment philosophyThe evolution of the permanent portfolio strategy into a modern diversified approachStructural diversification and risk balancing using all-weather return stackingCustomizing portfolio volatility through post-diversification leverageOvercoming operational and regulatory hurdles in Europe's investment landscapeThe integration of trend following, carry, and other non-traditional diversifiersCommunicating advanced diversification concepts to retail investorsThe future outlook for portable alpha and return stacking in an evolving regulatory frameworkMentioned in this episode:The Return Stacking SymposiumOctober 8, 2025 | Chicago A full day of curated portable alpha / return stacking education. Register Here: https://www.returnstacked.com/return-stacking-symposium-2025/

In this episode of ReSolve Riffs, host Rodrigo Gordillo is joined by Riccardo Gambineri, President at Crown Global Life Insurance Group, and Frank Seneco, President at Seneco Global Advisors. The discussion delves into sophisticated wealth planning solutions with a focus on private placement life insurance, comparing U.S., U.K., and offshore products while addressing topics such as asset protection, tax deferral, and strategic estate planning.Topics Discussed• Differences in Private Placement Life Insurance across Jurisdictions and Regulatory Frameworks• Investment Flexibility and Portfolio Diversification within PPLI Structures• Regulatory Compliance and Jurisdictional Challenges in Domestic and Offshore Markets• Mechanics of Policy Borrowing, Interest Rates, and Accessing Cash Value• Asset Protection and Creditor Shielding Advantages of Offshore Policies• Transparent Cost Structures and the Value Proposition of PPLI versus U.K. Bonds• Tax Implications, Deferral Mechanisms, and Estate Planning Strategies• Integrating Comprehensive Family Governance and Customized Advisory Solutions

This in‐depth live Q&A features guests Corey Hoffstein, Chief Investment Officer of Newfound Research, and Adam Butler, CIO of ReSolve Global, alongside host Rodrigo Gordillo, President and Portfolio Manager of ReSolve Global. In this episode, the panel unpacks the current macro market shifts and their impact on managed futures strategies, discussing topics such as policy shocks, systematic trend and carry models, volatility, and historical market precedents.Topics Discussed• Global Macro Market Dynamics and Policy Shifts affecting asset classes across Europe, the U.S., and beyond• The Cumulative Impact on Managed Futures and Systematic Strategies that span multiple asset classes• Multi-Asset Carry Strategy Fundamentals, including yield extraction and financing differentials• Trend Following Strategies under Volatile and Reversal Conditions in rapidly shifting markets• Risk Adjustments and Portfolio Rebalancing Mechanisms as systematic models react to sudden market changes• Historical Precedents: Lessons from events like the 1994 bond massacre and subsequent policy shocks• The Interplay between Policy Announcements and Systematic Strategy Performance amid geopolitical surprises• Advisory Perspectives and Long-Term Risk Management for communicating drawdowns and premiums to clients

Join us for an engaging live session as Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global, Corey Hoffstein, Chief Investment Officer of Newfound Research, and Adam Butler, CIO of ReSolve Asset Management Global, discuss recent macroeconomic events and their impact on managed future strategies, specifically trend following and multi-asset carry models. In this video, the panel analyzes key market-moving stories from the past few weeks, including European regulatory reforms, German fiscal stimulus, and international tariff battles. They also explore the recent performance and adjustments in their systematic strategies, providing valuable insights for advisors and investors navigating today's volatile market environment.

This episode of the podcast piles on the knowledge about "return stacking" - the investment approach that lets you layer alternative assets and strategies on top of your traditional portfolio, like a perfect investment sandwich. Jeff Malec has stacked the deck with FOUR financial heavyweights - Mike Philbrick, Rodrigo Gordillo, Adam Butler, and Corey Hoffstein - each showcasing a "return stacking" ETF. We've brought together this team of experts to give you the blueprint for this innovative investment method.So, what's the deal with return stacking? Think of it as the ultimate portfolio hack—layering alternative asset classes and strategies on top of your traditional stock and bond holdings. No need to shuffle things around or ditch your core positions—just stack those extra return streams like the ultimate investing sandwich.We'll dig into the risk/return profiles and how these stacked strategies can take your portfolio to new heights. But wait, there's more! To keep things light, we're making our guests put their friendships on the line in a spirited round of "Choose Your Fighter"—because who doesn't love a little friendly fire?Stack up, tune in, and SEND IT! Chapters:00:00–01:11 = Intro01:12- 20:00 = Return Stacking: Upgrading Portfolios Without Disrupting Core Holdings20:01- 41:47 = Stacking Stocks and Managed Futures for Diversification41:48- 01:03:10 = Capturing Futures Yield Through Return Stacking01:03:11- 01:31:00 = Stacking Bonds and Merger Arbitrage for Enhanced ReturnsAll things Return Stacking: Stacks on StacksReturn Stacking: From Theory to Practice - A 2024 Perspective - Blog postResearching the Risks of return stacking with Corey Hoffstein & Rodrigo Gordillo – The Derivative episode - PodcastWhat is Return Stacking? - Blog postDon't forget to subscribe to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and our host Jeff at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AttainCap2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ , and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

In this exciting episode, Rodrigo Gordillo, Meb Faber, Corey Hoffstein, and Wes Gray discuss their investment ideas for 2025 and beyond. Each brings three unique ideas to the table, making for a lively and insightful conversation.Topics Discussed• Rodrigo Gordillo discusses the idea of matching the risk of Bitcoin by levering up gold, providing insights on how to achieve an equal risk allocation between Bitcoin and gold• Meb Faber shares his thoughts on the potential of cannabis as an investment and the risks and rewards of bonds in the current financial climate• Corey Hoffstein proposes a complex crypto trade that could potentially yield significant returns but also carries a high risk• Wes Gray suggests a new approach to exchange funds to make them more transparent, easier to manage, and more cost-effective• The group discusses the potential of GameStop and Bitcoin as investments, with differing opinions on their viability• Meb Faber proposes a unique investment strategy based on taking the opposite position of the crowd consensus on Twitter• Wes Gray shares his thoughts on the current state of the energy sector and its potential for future growthThis episode is a must-listen for anyone interested in unique investment ideas and strategies, offering a wealth of knowledge and perspectives from leading financial experts. Tune in to gain valuable insights and prepare for the financial landscape of 2025 and beyond.

In today's complex market environment, finding genuine diversification and consistent returns has become increasingly challenging. What if you could harness two of the least correlated strategies to traditional portfolios available to investors today?Join us for an exclusive webinar where Rodrigo Gordillo, Portfolio Manager and co-founder of Return Stacked ETFs, reveals how combining trend following and carry strategies as stacks may create a whole that is much greater than the sum of their parts.In this educational session, we will explore:The Fundamental Drivers - behind trend following and carry strategies - understand why these strategies work and how they can enhance your portfolio's performanceBeyond Traditional Diversification - learn how managed futures can provide true diversification benefits when equity and bond correlations spikeThe Golden Combination - explore why the synergy between trend and carry strategies creates a more resilient portfolio across different market regimesReal-World Applications - examine historical analogues and practical implementation strategies for your investment approach

In today's complex market environment, finding genuine diversification and consistent returns has become increasingly challenging. What if you could harness two of the least correlated strategies to traditional portfolios available to investors today? Join us for an exclusive podcast where Rodrigo Gordillo, Portfolio Manager and co-founder of Return Stacked ETFs, reveals how combining trend following and carry strategies as stacks may create a whole that is much greater than the sum of their parts.

In this episode of ETF Spotlight, host Neena Mishra discusses Return Stacking with Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management. The conversation delves into the concept of Return Stacking, also known as Portable Alpha, which uses leverage to enhance returns and diversify portfolios.

Portable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it?At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios.Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global, as we explore:What 'Portable Alpha' is: Review of the history and theory of the concept.Outperformance Potential: Portable alpha/return stacking allows allocators to stack asset classes/strategies with positive expected returns on top of core assets which can help improve the likelihood of outperforming the market.Diversification Benefits: Using return stacking to stack low correlation strategies on top of the core portfolio can help reduce portfolio drawdowns, thus influencing likelihood of achieving financial plan goals.Behavioral Benefits: Sticking with low-correlation diversifiers can be difficult for clients. Return stacking can improve the likelihood clients stick with diversifiers long enough for them to realize the benefits.

Portable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it? At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios. Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global.

Join Corey Hoffstein, Rodrigo Gordillo, and Mike Philbrick for a special live episode of the Get Stacked podcast, aired on August 6, 2024. This episode dives deep into recent significant market events, discussing the Nikkei's historic 12.5% drop, the yen's trend reversals, and market volatility. AGENDA: - Global Macro Update - Broad expectations of Return Stacking during abrupt market selloffs - Brief discussion on how different stacks are responding in this environment - Q&A from the Audience

In this episode, the Get Stacked team, consisting of Rodrigo Gordillo, Corey Hoffstein, Adam Butler and Mike Philbrick delve into the intricacies of Return Stacking, market trends, and the impact of taxes on investment strategies. They provide detailed insights into their research and findings, discussing the implications of their work for the investment landscape.

In this episode, the ReSolve team chats with Ben Reeves, a seasoned financial professional with a wealth of experience in portfolio construction and investment strategies. Ben shares his journey from working at Bridgewater to facing a health crisis, and eventually joining Wealthsimple. The conversation delves into the intricacies of allocation research, portfolio design, and the challenges and opportunities in the private investment space.Topics Discussed• Ben's transition from institutional investors to portfolio construction and his learnings from Bridgewater• The impact of a health crisis on Ben's career and his shift to Wealthsimple• The essence of long-term investing and the importance of putting money at risk in a reasonable way• The exploration of privates as a first step in diversifying investment portfolios• The challenge of tracking error constraints in portfolio design and how Wealthsimple navigates this• The behavioral advantage of privates and the fear of giving up liquidity• The difficulty for active managers to reliably outperform without overweighting certain sectors• The role of gold and commodities in diversifying portfolios and mitigating risk• The importance of putting money at risk in a reasonable way and avoiding performance chasing• The potential of leverage as a diversifying tool or a risk-reducing tool• The constraints and considerations in adding leverage to portfolios• The personalization of portfolio construction and the shift towards risk parityThis episode provides a deep dive into the world of portfolio construction, the role of privates in diversifying portfolios, and the challenges of tracking error constraints. Ben Reeves offers valuable insights from his experience at Wealthsimple and Bridgewater, making this a must-listen for anyone interested in investment strategies and portfolio design.This is “ReSolve's Riffs” – published on YouTube Friday afternoons 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.

We're back! Today's podcast features The Derivative show stoppers Rodrigo Gordillo and Adam Butler of Resolve Asset Management discussing the carry trade and its applications in investment strategies. They begin by explaining what the carry trade is and discussing common misconceptions around it. They then dive into different types of carry that can be found in various asset classes like bonds, commodities, currencies, and equities. The guests discuss how carry strategies can be implemented, either on their own or as part of a larger multi-strategy portfolio. They also compare carry to trend following strategies and debate the pros and cons of each approach. The podcast explores how a diversified carry factor can provide returns with reduced risk when combined with other strategies. Rodrigo and Adam explain how carry fits into their risk parity framework and can be used to tilt allocations. They also discuss integrating carry and trend signals to lower trading costs. Gear up to receive that spoonful of sugar that indeed will make the medicine go down with tons of insight and access to some great content as an investment factor and perspectives on its role in multi-asset portfolios. Chapters: 00:00-01:31= Intro 01:32-10:31= What's a carry trade? 10:32-20:34= Types of carry in different asset classes & Implementing strategies 20:35-33:11= Carry vs Trend & portfolio applications of carry 33:12-49:05= Combining carry & trend: How does it fit together? 49:06-01:04:54= Why Carry? The future of carry strategies From the episode: The Rise of Carry(Book) The Carry Trade post Get Stacked Podcast ReSolve Riffs Podcast Setting the Risk Parity Record Straight - The Derivative episode Researching the Risks of return stacking with Corey Hoffstein & Rodrigo Gordillo - The Derivative episode Asset Allocation, AI, and the Alpha process with Resolve - The Derivative episode Follow along with ReSolve Asset Management on Twitter/X @InvestReSolve Adam Butler @GestaltU & Rodrigo Gordillo @RodGordilloP, LinkedIn and check out their research page for more information Don't forget to subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and our host Jeff at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AttainCap2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ , and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

In this episode, Alfonso Peccatiello, a renowned macro investor, joins the ReSolve team to delve into the macro end game, the impact of leverage on the financial system, and the potential paths forward. They also discuss the role of politicians in managing fiscal interventions and the increasing volatility in the macro environment.Topics Discussed• The concept of the macro end game and the unsustainability of the current financial system• The role of leverage in offsetting dwindling structural growth and its implications for the global economy• The impact of central banks' decisions to stimulate economic growth by lowering interest rates• The wealth illusion effect and its implications on the U.S. economy• The potential paths forward considering the high levels of debt and low interest rates• The shift from anti-cyclical to pro-cyclical use of fiscal policy by politicians• The need for a global macro framework in asset allocation considering the current high-leverage, high-interest rate environment• The launch of Alfonso's global macro hedge fund and its strategy to navigate the increasing macro volatilityThis episode is a must-listen for anyone looking to understand the complexities of the global financial system, the role of leverage and fiscal policy, and strategies to navigate the increasing macro volatility. Alfonso's insights provide valuable strategies for navigating the uncertain financial landscape and understanding the potential paths forward.This is “ReSolve's Riffs” – published on YouTube Friday afternoons 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.

Corey Hoffstein, Adam Butler, and Michael Philbrick join Rodrigo Gordillo to discuss trend replication, private equity's role in modern portfolios, and the impact of large AUM on trend following. They explore balancing alpha generation with risk management, optimal allocation, and leveraging through treasury futures.

In this episode, ReSolve team members Adam Butler and Rodrigo Gordillo discuss the concept of market volatility and its implications for investment strategies. They delve into the intricacies of Carry strategies, their impact on portfolio returns, and how to navigate market volatility effectively.Topics Discussed• The concept of Carry in the investment world and its potential applications• The role of Trend and Yield in creating a fund• The importance of understanding the Carry strategy and approach• The impact of economic risk on Carry signals and expected future returns• Building Carry strategies using time spreads or calendar spreads• The influence of Absolute Carry and Relative Value Carry on performance• The effect of estimated real trade frictions on returns• The correlation between Carry and other assets in a portfolio• The performance of Carry in different market regimes• The benefits of diversification and the role of Carry in enhancing portfolio returnsThis episode provides valuable insights into the world of market volatility and Carry strategies. It highlights the importance of understanding these concepts for effective investment decision-making and portfolio management. A must-listen for anyone interested in deepening their understanding of market dynamics and investment strategies.This is “ReSolve's Riffs” – published on YouTube Friday afternoons 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.

In this episode, we have an engaging conversation with Roger King, the mastermind behind the successful Supplement King franchise. Roger shares his journey from starting as a local supplement provider to becoming a renowned name in the industry. He discusses his business strategies, the importance of understanding the market, and the challenges he faced along the way.Topics Discussed• Roger King's early journey into the world of supplements and how he identified an underserviced opportunity in the natural health products market.• The challenges and lessons learned from transitioning from a single store to multiple retail locations and eventually moving to online sales.• The importance of understanding the market and adjusting business strategies accordingly, including the shift from being a brand-building retailer to focusing on being the best retailer.• Insights into the franchise model of Supplement King, and how they ensure the success of their franchisees.• The strategy behind their social media marketing and the role of influencers in promoting their products.• A look at the future of the supplement industry and the potential for innovation in the face of regulatory restrictions.• Roger King's personal life and hobbies, and how he balances them with running a successful business.This episode is a goldmine for anyone interested in understanding the dynamics of the supplement industry, franchising, and online retail. Roger King's insights and experiences provide a unique perspective on navigating the challenges of the business world and achieving success.This is “ReSolve's Riffs” – published 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.

In this episode, we delve into the world of value investing with Tobias Carlisle, the founder of The Acquirer's Multiple and author of the book 'The Acquirer's Multiple'. From his journey from a lawyer in Australia to a value funds manager in California, to his unique approach towards value investing, this conversation is a treasure trove of insights for anyone interested in the financial markets.Topics DiscussedTobias Carlisle's journey from a lawyer in Australia to a value funds manager in CaliforniaA discussion on the performance of Carlisle's ETF ZIG and its outperformance of S&P over the last three yearsThe challenges and rewards of being a value investor in a market dominated by growth investingInsights into Carlisle's investment strategy, including his emphasis on fundamental performance over price actionThe role of patience and behavioral fortitude in value investingCarlisle's views on the future opportunities for value investing, particularly in the context of sector diversificationReflections on the recent Berkshire Hathaway annual meeting and the lessons learned from Warren Buffett and Charlie MungerCarlisle's personal investment mantra and his advice for navigating the ups and downs of the investing worldThis episode is a must-listen for anyone interested in value investing. Tobias Carlisle's insights, drawn from his extensive experience and unique approach to investing, provide valuable strategies to navigate the financial markets. Whether you're a seasoned investor or just starting out, this conversation is sure to provide you with plenty of food for thought.This is “ReSolve's Riffs” – published 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.

Welcome to the inaugural episode of the Get Stacked Investment Podcast. This episode brings together Corey Hoffstein, Rodrigo Gordillo, Mike Philbrick, and Adam Butler to dive deep into the concepts of Return Stacking, market efficiency, and investment strategies beyond traditional stock picking. Providing insights into Return Stacking's relevance in today's investment landscape, the importance of structured diversification to enhance portfolio sustainability and its potential to create excess returns with more confidence than traditional stock picking.This podcast episode serves as a comprehensive introduction to Return Stacking and provides valuable insights for investors looking to navigate the complexities of modern markets with innovative strategies.

In today's ReSolve Riffs we're taking the opportunity to introduce the inaugural episode of a brand new podcast channel called the Get Stacked Investment Podcast. In this series, we dive deep into the world of Return Stacking, exploring the latest projects, content, and insights from the www.returnstacked.com website. Co-hosted by Corey Hosteen, CIO of Newfound Research, along with the support of our own Mike Philbrick and Adam Butler this promises to be an insightful and valuable too in your investment arsenal. Subscribe to the Get Stacked feed using the link in the description to stay up-to-date with the latest episodes and never miss a beat in the exciting new world of Return Stacking.In this episode, Corey Hoffstein from Newfound Research, and Rodrigo Gordillo and Adam Butler of Resolve Asset Management Global, discuss the concept of return stacking and its implications for investors. They delve into the challenges of beating the large-cap U.S. equities market, the shift in conversations about return stacking from risk management to creating excess returns, and the potential of diversification in generating consistent positive excess returns.Topics Discussed• The difficulties of beating the large cap U.S. equities market and the need for diversification• The shift in conversations about return stacking from risk management to creating excess returns• The potential of diversification in generating consistent positive excess returns• The idea of dictum in the markets and the difference between behavioral time and statistical time• The concept of risk parity and the importance of maintaining balance in portfolio risk• The role of trend following in risk management and return stacking• The potential of stacking strategies in enhancing portfolio returns• The structural challenges in implementing return stacked strategies in portfolios• The importance of diversification in ensuring investment successThis episode provides valuable insights into the concept of return stacking and its potential in enhancing portfolio returns. It is a must-listen for investors interested in diversification strategies and the future of investment 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.

-Follow Rodrigo on X @RoGordilloP -Learn more about the Return Stacking Suite at: https://www.returnstackedetfs.com/ and https://investresolve.com/strategies/return-stacking/ The Trade Busters provides actionable ideas to take your option trading to the next level.  Through our educational podcast and instructional spreadsheets, we aim to empower the everyday retail trader.  Discover unique ways of thinking through sizing, risk and leverage in your option strategies. -View strategy mechanics, tradelogs and more at the trading page: ⁠⁠⁠⁠https://www.thetradebusters.com⁠⁠⁠⁠ -Follow me on X @TheTradeBuster -The Trade Busters Discord server is now live!  Send me an email if you would like to join. **Everything discussed on this podcast is for informational purposes only and not to be construed as financial advice.

In this episode, Andy Constan, a veteran Wall Street professional, joins the ReSolve team to discuss the intricacies of the Federal Reserve's interest rate policies, the impact of long-term borrowing rates on the economy, and the role of financial advisors in the investment industry. They delve into a wide array of topics, shedding light on the complexities of asset allocation, the influence of policy makers on market dynamics, and the future prospects of bonds and equities.Topics Discussed• Andy Constan's perspective on the Federal Reserve's interest rate policies and their impact on long-term borrowing rates• The role of financial advisors in the investment industry and the importance of informed conversations between advisors and clients• Insights into the complexities of asset allocation and the challenges of stock picking• The impact of long-term interest rates on the economy and the potential implications for inflation• The role of policy makers in changing market dynamics and the potential effects of their decisions• Predictions for the future performance of bonds and equities, and the factors that could influence these outcomes• The potential impact of government spending and fiscal policies on the expected trajectories of the marketThis episode is a deep dive into the complexities of financial markets, interest rates, and asset allocation. Andy Constan provides valuable insights from his extensive experience on Wall Street, making this a must-listen for anyone interested in understanding the intricate dynamics of the investment industry and the potential future of bonds and equities.This is “ReSolve Riffs” – published 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.

IntroductionIn this episode, we are thrilled to have Jeff Weniger, the Chief U.S. Strategist for WisdomTree ETFs, back on the show. Jeff shares his insights on a range of topics, including the 'pension wars' concept, the potential for a domino effect in global equity markets, and the role of financial engineering in shaping investment strategies.Topics Discussed• Discussion on the 'pension wars' concept and its potential impact on asset flows over the next several years• Exploration of the potential domino effect in global equity markets and the implications for investment strategies• Insight into the role of financial engineering in shaping investment strategies, with a focus on the 1980s and 1990s• Analysis of the impact of rising natural gas prices on diversified enterprises and the broader market• Discussion on the future of work, with a focus on the shift towards remote work and its potential implications for the labor marketThis episode is a must-listen for anyone interested in understanding the complexities of global equity markets, the potential impact of the 'pension wars' concept, and the future of work. Jeff Weniger's insights provide valuable strategies to navigate the uncertain financial landscape and better understand the intricacies of investment strategies.This is “ReSolve's Riffs” – published 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.

In this episode, the ReSolve team is joined by Jason Buck, co-founder and CIO of Mutiny Funds, to delve into a range of topics, from the concept of ergodicity, portfolio construction, and the importance of diversification in investing. They also discuss the intricacies of the capital efficiency and tax implications of various investment strategies.Topics Discussed• Jason Buck's explanation of ergodic and non-ergodic concepts using the analogy of Russian Roulette• The importance of understanding expected value in portfolio construction• The role of offense plus defense in winning investing championships• The concept of capital efficiency in using leverage and its implications for investment strategies• The tax implications of Return Stacking and how to navigate them• The significance of broad diversification in investment strategies• The impact of different market conditions on the performance of long volatility managers• The importance of maintaining line items in the portfolio for risk protectionThis episode provides valuable insights into the complexities of investment strategies, portfolio construction, and the importance of diversification, and is a must-listen for anyone interested in understanding the nuances of investing and portfolio management.This is "ReSolve's Riffs" – published 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 Inc.*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.

Join us for the second half of our panel discussions during this year's Hedge Fund week in Miami as we explore increasing accessibility of alternative investments through new ETF products and strategies. We've got Rodrigo Gordillo taking reigns from the quantitative perspective, Jerry Parker talking trend following, Bob Elliot on replication and Jay Pestrichelli,  options guru, guiding us through hedge fund strategies, discussing their day-to-day responsibilities and tasks, highlighting differences in their approaches despite operating under the broad financial services umbrella. We dive into challenges around educating investors on sophisticated strategies as well as recent regulatory changes that allow new product structures that are making alternative approaches more accessible to a wider range of investors. Topics discussed include quant fund management processes, trend following across 400 markets including single stocks, and harnessing options decay in a new ETF. Challenges of communicating performance during periods of potential underperformance are being addressed such as election year impacts and whether strategies position based on outcomes, capacity constraints of highest Sharpe strategies and limitations of full replication, along with democratizing diversification strategies through return stacking ETFs. Sit back and gain knowledge on the expanding opportunities and accessibility in the alternatives space, with room for continued advances as innovation progresses, SEND IT! Chapters: 00:00-01:48=Intro  01:49-14:42= Intros & the Day-to-Day work ethic 14:43-28:45= Hedge fund replication, ETFs for retail investors & financial accessibility 28:46-45:22= Democratizing diversification through ETFs, market trends & election year impact 45:23-55:53= Hedge funds generating alpha, investments strategies & ETF operations 55:54-01:08:01= Managing expectations, Innovations & the future of investing From the episode: Miami Hedge Fund week 2024 Part 1: Commodities Follow along with this panel on Twitter & LinkedIn: @rjparkerjr09 , @RodGordilloP, @BobEUnlimited, & @ZEGAFinancial And remember to check out their company profiles on LinkedIn: Jerry Parker Rodrigo Gordillo Bob Elliott Jay Pestrichelli

Today's returning guests are Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management, and Corey Hoffstein, co-founder and Chief Investment Officer of Newfound Research, and with this episode, ties for the most appearances ever on the show! In today's episode, we start off by discussing some takeaways from prior periods of inflation volatility and lessons on managed futures from the Tech Crisis.  Then we dive into return stacking. We first spoke to them about this back in 2021, but we get an update on the topic, lessons learned over the past few years, and the launch of their first return stacking ETF!  ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by Farmland LP. Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. Since 2009, they have built a 15,000-acre portfolio representing over $200M in AUM. To learn more about their latest offering, visit farmlandlp.com or email them at ir@farmlandlp.com.  Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!