Corey Hoffstein 🏴☠️
CEO & CIO (Newfound Research) | 🥞 Return Stacking | 🌊 Liquidity Cascades | 📆 Rebalance Timing Luck | ⚡️ Risk cannot be destroyed, only transformed.
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One question I receive all the time is, If Treasury futures don’t pay coupons, aren’t they just the price return of the bonds? Let’s debunk it with a quick picture and then expl...
On it’s face, trend following does seem naively simple. To this, I often have two broad replies. First, why would you expect to generate an abnormal return trend following? A...
My company, Newfound Research, turned 15 today. Coming up on this anniversary, I reflected quite a bit on my career. I’m not sure why, but this milestone feels larger than I wo...
1/ 🥞 Return Stacking and Variance Decay 📉 Or, "Wait, I thought levered ETFs were bad?"
1/ Why I think the so-called "rebalance premium" isn't real, but why I think rebalancing is still critical for maximizing CAGR. 👇
1/ Some things *I think* I’ve learned messing around in crypto for the last 12 months.