Building a Commodity Trader Multi-Strat with Tom Holliday of HIP investment

Building a Commodity Trader Multi-Strat with Tom Holliday of HIP investment

Author: RCM Alternatives November 20, 2025 Duration: 1:17:19

In this episode, Jeff Malec sits down with Tom Holliday, founder and CIO of HIP Investments, for an in-depth conversation on reimagining multi-strategy investing in the commodity space. Tom shares insights from his distinguished career, from his early days at Refco to working with George Soros and launching both Titan Advisors and Hip Investments. Together, they explore the evolution from traditional fund-of-funds to collaborative, actively managed multi-strat funds, highlighting the advantages of diversification, portfolio construction, and innovative incentive structures for specialist traders. The discussion covers risk management tactics, the unique challenges and opportunities of commodity markets, and why institutional investors may be under-allocated to this asset class. Whether you're an investment professional or passionate about alternative strategies, this episode offers valuable perspectives on building resilient, high-performing portfolios in today’s changing markets. SEND IT!


Chapters:

00:00-00:56= Intro

00:57-12:56= Commodities Demand Attention: Navigating Trends, Valuation, and the Road Ahead

12:57-28:27= Foundations of a Commodities Career: From Memphis Markets to Global Futures

28:28-32:15= From Fund of Funds to Multi-Strat: Evolving Models in Investment Management

32:16-44:37=Building HIP: Innovating Multi-Strat Strategies for Commodities

44:38-59:27= Risk, Collaboration, and Incentives: Cultivating a Resilient Commodities Team

59:28-01:13:19= Seizing Commodity Opportunities: Growth, Recruitment, and Market Evolution

01:13:20-01:17:19= Commodities: The Case for Attention and Allocation









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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



For investors looking beyond the traditional stock and bond markets, The Derivative offers a deep and practical exploration of the alternative investment landscape. Hosted by RCM Managing Partner Jeff Malec, this podcast demystifies complex strategies and brings listeners directly into conversations with the hedge fund managers and specialized investors who navigate these unique asset classes. Each episode breaks down the mechanics, risks, and opportunities behind non-traditional investments, from managed futures and private equity to niche market strategies. The discussions are grounded in real-world analysis, moving beyond theory to examine what actually drives performance and strategy in this dynamic corner of finance. By focusing on the people and ideas shaping the field, The Derivative provides an insider's perspective that is both educational and actionable. Listeners gain a clearer understanding of portfolio diversification and the tactical approaches used by professional fund managers. This podcast serves as a valuable resource for anyone seeking to comprehend the broader, often opaque world of alternatives, delivered through straightforward dialogue and expert commentary. Tune in for a focused and insightful ride through the strategies that define alternative investing.
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