Flirting with Models

Author: Corey Hoffstein

Flirting with Models is the show that aims to pull back the curtain and meet the investors who research, design, develop, and manage quantitative investment strategies. Join Corey Hoffstein, Chief Investment Officer of Newfound Research, on a journey to explore systematic investment strategies, ranging from value to momentum and merger arbitrage to managed futures. For more on Newfound Research, visit www.thinknewfound.com.
Be a guest on this podcast

Language: en

Genres: Business, Investing

Contact email: Get it

Feed URL: Get it

iTunes ID: Get it

Get all podcast data

Listen Now...

Moritz Heiden & Moritz Seibert – Trend-Following Spreads (S7E25)
Episode 25
Sunday, 11 January, 2026

A few years ago, I sat down with Moritz Seibert and Moritz Heiden of Takahe Capital to talk about trend following at the edges of the futures markets: places where liquidity is thin, contracts are obscure, and capacity constraint is a feature, not a bug.Since then, despite strong performance, asset growth, and even winning industry awards, they made a very un-industry decision: they shut down their original fund.In its place, they launched a new Global Markets Fund built to stay small, so they can trade calendar and product spreads, niche agricultural markets, and other idiosyncratic contracts at equal risk to more standard markets.In this conversation, we unpack that decision, explore how you systematize trend on markets where liquidity does not exist on screen, and go deep on why spreads represent a fundamentally different opportunity set than outright futures.We also talk about what’s next: from prediction and event markets to new ways of thinking about macro trends and alternative data.I hope you enjoy my conversation with Moritz Seibert and Moritz Heiden.