Join Jeff Malec for another solo Six Pack episode of The Derivative, where he riffs on everything from the post-COVID conference circuit to bond markets, AI, and yes… public restrooms. Jeff contrasts the buttoned-up energy of iConnections with the beach-side vibes of Future Proof and asks whether meeting managers face-to-face actually improves allocation decisions or just introduces new biases. He digs into Florida's great hedge fund migration and whether the tax savings actually pencil out, breaks down why the last five years have been historically brutal for bonds and what that's meant for managed futures globally, and tackles AI's deflationary potential, the "ghost GDP" thesis, and the governance question of letting a handful of private companies set moral guardrails for systems increasingly doing human jobs. On the lighter side, Jeff shares his experience racing Switzerland's legendary Inferno downhill and closes with a definitive ranking of public hand-drying solutions. If you're an allocator, markets nerd, or just someone with strong opinions about restroom hand dryers, this one's for you.
Consider this episode a six pack best enjoyed in one long, thoughtful sip SEND IT!
Chapters:
00:00-00:41=Intro
00:42-06:26= #1 Conference Circuit, iConnections vs. Future Proof, and the Allocator’s Dilemma
06:27-10:26= #2 The Florida Hedge Fund Invasion and West Palm’s Second Manhattan
10:27-15:19= #3 What the #$*@? Is Going On With Bonds? Managed Futures vs. a Broken Bond Market
15:20-21:56= # 4 AI Deflation, Ghost GDP, and Who Sets the Moral Code for Machines?
21:57-24:02= # 5 Inferno Downhills, & Ego Checks
24:03-28:41= #6 The Great Hand Dryer Debate (Ranking)
Roy Niederhoffer podcast episode: Making Market Music with Roy Niederhoffer
Citrini Blog post: When Skynet Writes a Substack: The AI Doom Piece That Moved Markets
Dwarkish podcast: The most important question nobody's asking about AIAs We May Work (Taylor Pearson Whitepaper): https://taylorpearson.substack.com/p/as-we-may-work
Inferno Murren: The World's craziest downhill ski race
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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
