Welcome to Part 2 of our conversation with Managed Futures expert and President Mike Harris of Campbell & Company. In this episode we delve into the specifics of Campbell & Company’s trading programs, how models are added or removed, and the importance of risk management. This episode also explores the managed futures industry as a whole and is a must-hear for anyone looking to gain knowledge about this strategy.

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In This Episode, You’ll Learn:

About Campbell & Company’s trading program.
How they create a trading strategy.
Why they use a hypothesis driven system to add new models to their programs.
About the peer review process they use before adding or subtracting models.
When do you remove a model? How do you know when it isn’t working anymore?
About position sizing and why its important.
How they look at risk through something called Vertical Risk and Horizontal risk.
Campbell’s systematic approach to risk management.
How he deals with drawdowns.
Why he worries about systemic risk and natural disasters.
Why Mike thinks redundancies are so important.
The risk of regulation.
How these strategies tend to perform when interest rates go up.
The trend of the managed futures industry and why it has been dominated by European firms in the past 10 years.
What people need to become a successful manager: humility is “at the top of the list.”
Books that Mike recommends.
What he would do differently if he could talk to his younger self.
The importance of managing work and life balance.
What the future looks like for Campbell & Company.

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Resources & Links Mentioned in this Episode:

Learn more about Baltimore and Johns Hopkins University.
Hedge Fund Market Wizards by Jack Schwager
Technical Analysis of the Futures Markets by John Murphy
Trend Following with Managed Futures

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

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TTU40: What To Do If You Are Making Too Much Money! ft. Mike Harris of Campbell & Company – 2of2

Top Traders Unplugged

TTU40: What To Do If You Are Making Too Much Money! ft. Mike Harris of Campbell & Company – 2of2