Wayne Himelsein's guest appearances

Wayne Himelsein

Chat With Traders

Macro Voices

Top Traders Unplugged

Valuewalk's ValueTalks

Flirting with Models

Resolve's Gestalt University

Mutiny Investing Podcast

The Derivative

Corey Hoffstein

Mike Green

Eric Crittenden

Benn Eifert

Meb Faber

Raoul Pal

Chris Cole

Ben Hunt

Jerry Parker

Diego Parrilla

Kevin Muir

Gregory Zuckerman

Hari Krishnan

Greg Obenshain

Jack Schwager

OwlTail

In this episode I talk with Wayne Himelsein, CIO of Logica Capital Advisers.  Wayne is responsible for leading portfolio management and the overall implementation of the firm’s investment strategies. Beginning his career as a Proprietary Trader in 1995, and launching his first Hedge Fund in 2000, Wayne has over 25 years of industry experience. We talk about the following:  Is time real? What is signal vs noise? Where to find great quotes? 2022- Year of unusual volatility? Existential risks to hedge funds.  I hope you enjoyed this conversation with Wayne as much as I did!

In this episode I talk with Wayne Himelsein, CIO of <a href="https://www.logicafunds.com/" rel="nofollow" target="_blank">Logica Capital Advisers. </a> Wayne is responsible for leading portfolio management and the overall implementation of the firm’s investment strategies. Beginning his career as a Proprietary Trader in 1995, and launching his first Hedge Fund in 2000, Wayne has over 25 years of industry experience. We talk about the following: <ul> <li>Is time real?</li> <li>What is signal vs noise?</li> <li>Where to find great quotes?</li> <li>2022- Year of unusual volatility?</li> <li>Existential risks to hedge funds.</li> </ul> I hope you enjoyed this conversation with Wayne as much as I did!

40.  Wayne Himelsein: 2022 - Year of Unusual Volatility?

MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds founder Wayne Himelsein to the show to discuss trading the long volatility strategy. Link: https://bit.ly/3yJd8hg

MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds founder Wayne Himelsein to the show to discuss trading the long volatility strategy. Link: <a href="https://bit.ly/3yJd8hg" rel="nofollow" target="_blank">https://bit.ly/3yJd8hg</a>

MacroVoices #287 Wayne Himelsein: Under the covers of Long Vol

We’re bringing out the cake &amp; ice cream for this pod because it’s The Derivative’s 1 year anniversary! If you’ve been with us since the beginning – you may fondly remember our inaugural episode The Human Behind The Hedge Fund with Wayne Himelsein. So, in today’s episode, we brought back Wayne, President and Chief Investment Officer at Logica Capital Advisers, and as a special anniversary bonus – his business partner Michael Green, Chief Strategist at Logica.  We’re talking with Mike and Wayne about running a hedge fund and helping clients through the trials and tribulations of 2020, the “two star” problem, Twitter fitting into the business model, straddling volatile calls, inception of the Iron Man (Wayne) and Captain America (Mike)partnership, dynamic of the macro overlay logic, value vs momentum, staying power of the Wall Street Bets model, COVID due diligence, and failure not being part of the Logica vocabulary.  Chapters: 00:00-02:25 = Intro 02:26-22:44 = One Year Anniversary! 22:45-39:35 = Value vs Momentum – when the system needs to breathe / Noise Traders 39:36-50:45 = The Tony Stark/ Captain America Dynamic  50:46-58:58 = The Two-Star Problem 58:59-01:09:05 = Hard-Hitting Tweets 01:09:06-01:21:04 = Favorites  Follow along with Mike (@profplum99)and Wayne (@WayneHimelsein) on Twitter and check out the Logica Capital Advisers website. Check out our past episode with Wayne here; and our past episode with Mike here.  And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. 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, visit www.rcmalternatives.com/disclaimer

We’re bringing out the cake &amp; ice cream for this pod because it’s The Derivative’s 1 year anniversary! If you’ve been with us since the beginning – you may fondly remember our inaugural episode <a href="https://podcasts.apple.com/us/podcast/wayne-himelsein-the-human-behind-the-hedge-fund/id1497570451?i=1000464492016" rel="nofollow" target="_blank">The Human Behind The Hedge Fund</a> with Wayne Himelsein. So, in today’s episode, we brought back Wayne, President and Chief Investment Officer at Logica Capital Advisers, and as a special anniversary bonus – his business partner Michael Green, Chief Strategist at Logica.  We’re talking with Mike and Wayne about running a hedge fund and helping clients through the trials and tribulations of 2020, the “two star” problem, Twitter fitting into the business model, straddling volatile calls, inception of the Iron Man (Wayne) and Captain America (Mike)partnership, dynamic of the macro overlay logic, value vs momentum, staying power of the Wall Street Bets model, COVID due diligence, and failure not being part of the Logica vocabulary. Chapters: 00:00-02:25 = Intro 02:26-22:44 = One Year Anniversary! 22:45-39:35 = Value vs Momentum – when the system needs to breathe / Noise Traders 39:36-50:45 = The Tony Stark/ Captain America Dynamic  50:46-58:58 = The Two-Star Problem 58:59-01:09:05 = Hard-Hitting Tweets 01:09:06-01:21:04 = Favorites Follow along with Mike (<a href="https://twitter.com/profplum99" rel="nofollow" target="_blank">@profplum</a><a href="https://twitter.com/profplum99" rel="nofollow" target="_blank">99</a>)and Wayne (<a href="https://twitter.com/WayneHimelsein" rel="nofollow" target="_blank">@WayneHimelsein</a>) on Twitter and check out the Logica Capital Advisers website. Check out our <a href="https://anchor.fm/rcm-alts-the-derivative/episodes/Wayne-Himelsein-The-Human-Behind-the-Hedge-Fund-e9gq70" rel="nofollow" target="_blank">past episode with Wayne here</a>; and our <a href="https://www.rcmalternatives.com/2020/08/straddles-svxy-and-gamma-scalping-with-logicas-mike-green/" rel="nofollow" target="_blank">past episode with Mike here</a>.  And last but not least, don't forget to subscribe to <a href="https://www.rcmalternatives.com/the-derivative-podcast/" rel="nofollow" target="_blank">The Derivative</a>, and follow us on <a href="https://twitter.com/rcmAlts" rel="nofollow" target="_blank">Twitter</a>, or <a href="https://www.linkedin.com/company/rcm-asset-management/" rel="nofollow" target="_blank">LinkedIn</a>, and <a href="https://www.facebook.com/RCMAlternatives/" rel="nofollow" target="_blank">Facebook</a>, and <a href="https://info.rcmalternatives.com/get-our-blog-alternatives" rel="nofollow" target="_blank">sign-up for our blog digest</a>. 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, visit <a href="http://www.rcmalternatives.com/disclaimer" rel="nofollow" target="_blank">www.rcmalternatives.com/disclaimer</a>

The VOLvengers: Wayne Himelsein (Iron Man) & Mike Green (Captain America)

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. The year that saw the fastest decline, followed by the steepest recovery in market history has left one topic top of mind for most investors – volatility. Though down from its eye-watering spike in the first quarter, the VIX (CBOE Volatility Index) has remained significantly higher than in previous years, and not without good reason. The ongoing pandemic, a bifurcated and fragile economic recovery, the most polarized US presidential election in living memory, continued geopolitical saber-rattling between China and the US, and the list goes on… We had the pleasure of hosting one of the foremost volatility experts in the industry – Wayne Himelsein (President and CIO of Logica Advisors) – for a deeply insightful conversation that covered:  His background in the industry, and how he met and partnered with Mike Green Why “absolute” doesn’t mean steady returns – the lumpy nature of positive convexity Why Logica loves gamma and how to “scalp” it Unknown unknowns, unrealized vol and protecting against events that are by definition, outside of your sample distribution The difficulty in sizing a long-volatility strategy within a broader portfolio  Wayne also delved into his investment process in some detail, including how Logica measures and adapts to market phase-shifts. You should probably just stop what you’re doing and press play. Thank you for watching and listening. See you next week.

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. The year that saw the fastest decline, followed by the steepest recovery in market history has left one topic top of mind for most investors – volatility. Though down from its eye-watering spike in the first quarter, the VIX (CBOE Volatility Index) has remained significantly higher than in previous years, and not without good reason. The ongoing pandemic, a bifurcated and fragile economic recovery, the most polarized US presidential election in living memory, continued geopolitical saber-rattling between China and the US, and the list goes on… We had the pleasure of hosting one of the foremost volatility experts in the industry – Wayne Himelsein (President and CIO of Logica Advisors) – for a deeply insightful conversation that covered: <ul> <li>His background in the industry, and how he met and partnered with Mike Green</li> <li>Why “absolute” doesn’t mean steady returns – the lumpy nature of positive convexity</li> <li>Why Logica loves gamma and how to “scalp” it</li> <li>Unknown unknowns, unrealized vol and protecting against events that are by definition, outside of your sample distribution</li> <li>The difficulty in sizing a long-volatility strategy within a broader portfolio</li> </ul> Wayne also delved into his investment process in some detail, including how Logica measures and adapts to market phase-shifts. You should probably just stop what you’re doing and press play. Thank you for watching and listening. See you next week.

ReSolve Riffs with Logica's Wayne Himelsein on “Skew Baby”

Wayne Himelsein begun his career on a proprietary trading desk at Carlin Financial Group in the mid-90’s, doing statistical arbitrage—complimentary to his mathematical nature.Come 1999, Wayne launched his first fund to begin managing money for clients and institutions. Then in 2011, Wayne founded Logica Capital Advisers, where he currently takes the role of Chief Investment Officer.Logica, as a quantitative investment firm, relies on rigorous research to develop its various model-driven strategies. For the most part, these are mean expansion strategies that generate alpha from being long volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wayne Himelsein begun his career on a proprietary trading desk at Carlin Financial Group in the mid-90’s, doing statistical arbitrage—complimentary to his mathematical nature.Come 1999, Wayne launched his first fund to begin managing money for clients and institutions. Then in 2011, Wayne founded Logica Capital Advisers, where he currently takes the role of Chief Investment Officer.Logica, as a quantitative investment firm, relies on rigorous research to develop its various model-driven strategies. For the most part, these are mean expansion strategies that generate alpha from being long volatility. Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

202: Wayne Himelsein – Betting Against Stability

Kevin Davitt

Bastian Bolesta

Jason Buck

In this episode, we’re joined by a powerhouse group of volatility experts consisting of Kevin Davitt, Wayne Himelsein, Jason Buck, and Bastian Bolesta – moderated by our very own Jeff Malec discussing Navigating Market Volatility. Providing more than just witty banter, you’ll be listening to us talk about how crazy volatility was during March/April, why the VIX is more than just for tail risk, is it too late for long volatility protection, why straddles &amp; strangles, what everyone gets wrong about options, and the volatility landscape looking ahead. Follow along with our guests: · Kevin Davitt on Twitter and LinkedIn · Bastian Bolesta on LinkedIn and the Deep Field Capital website · Jason Buck on Mutiny Fund Twitter and the Mutiny Fund website · Wayne Himelsein on Twitter, LinkedIn, and the Logica Captial Advisers website. And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. 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, visit www.rcmalternatives.com/disclaimer

In this episode, we’re joined by a powerhouse group of volatility experts consisting of Kevin Davitt, Wayne Himelsein, Jason Buck, and Bastian Bolesta – moderated by our very own Jeff Malec discussing Navigating Market Volatility. Providing more than just witty banter, you’ll be listening to us talk about how crazy volatility was during March/April, why the VIX is more than just for tail risk, is it too late for long volatility protection, why straddles &amp; strangles, what everyone gets wrong about options, and the volatility landscape looking ahead. Follow along with our guests: · Kevin Davitt on <a href="https://twitter.com/kpdavitt13" rel="nofollow" target="_blank">Twitter</a> and <a href="https://www.linkedin.com/in/kevin-davitt-a9534236/" rel="nofollow" target="_blank">LinkedIn</a> · Bastian Bolesta on <a href="https://www.linkedin.com/in/bastian-bolesta-95a107b/" rel="nofollow" target="_blank">LinkedIn</a> and the <a href="http://www.deepfieldcapital.com/" rel="nofollow" target="_blank">Deep Field</a><a href="http://www.deepfieldcapital.com/" rel="nofollow" target="_blank"> Capital</a> website · Jason Buck on <a href="https://twitter.com/MutinyFund" rel="nofollow" target="_blank">Mutiny Fund Twitter</a> and the <a href="https://mutinyfund.com/" rel="nofollow" target="_blank">Mutiny Fund</a> website · Wayne Himelsein on <a href="https://twitter.com/WayneHimelsein" rel="nofollow" target="_blank">Twitter</a>, <a href="https://www.linkedin.com/in/wayne-himelsein-a3525146/" rel="nofollow" target="_blank">LinkedIn</a>, and the <a href="https://www.logicafunds.com/" rel="nofollow" target="_blank">Logica Captial Advisers</a> website. And last but not least, don't forget to subscribe to <a href="https://www.rcmalternatives.com/the-derivative-podcast/" rel="nofollow" target="_blank">The Derivative</a>, and follow us on <a href="https://twitter.com/rcmAlts" rel="nofollow" target="_blank">Twitter</a>, or <a href="https://www.linkedin.com/company/rcm-asset-management/" rel="nofollow" target="_blank">LinkedIn</a>, and <a href="https://www.facebook.com/RCMAlternatives/" rel="nofollow" target="_blank">Facebook</a>, and <a href="https://info.rcmalternatives.com/get-our-blog-alternatives" rel="nofollow" target="_blank">sign-up for our blog digest</a>. 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, visit <a href="http://www.rcmalternatives.com/disclaimer" rel="nofollow" target="_blank">www.rcmalternatives.com/disclaimer</a>

Navigating Market Volatility with CBOE’s Kevin Davitt, Wayne Himelsein of Logica Capital Advisers, Jason Buck of Mutiny Fund, and Bastian Bolesta of Deep Field Capital. 

Wayne Himelsein is a hedge fund manager, President, and Chief Investment Officer at Logica Capital Advisers. Beyond that Wayne is a 25-year veteran in the trading space, and we're talking about hedge funds, his quantitative investment strategies, and even his own non-profit, Informed-by-Nature.  On this episode we're covering the oddity of a volatility trader living somewhere where there is no volatility (in the weather), reading the world’s longest book, hoping this is the big one when your car is in midair, J-Curve the rapper, and overpaying by 1000% for out of the money options. Make sure to follow Wayne on Twitter and LinkedIn, and check out the Logica Capital Advisers and Informed-By-Nature.  Don't forget to subscribe to The Derivative, and follow us on Facebook, Twitter, or LinkedIn, and sign-up for our blog digest.   Disclaimer: Due to industry regulations hosts and participants will not discuss any company funds on this podcast. All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinions of RCM Alternatives or any of their affiliates. This podcast is for informational purposes only and should not be relied upon for investment decisions. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional. For more information, visit rcmalternatives.com.

Wayne Himelsein is a hedge fund manager, President, and Chief Investment Officer at Logica Capital Advisers. Beyond that Wayne is a 25-year veteran in the trading space, and we're talking about hedge funds, his quantitative investment strategies, and even his own non-profit, Informed-by-Nature.  On this episode we're covering the oddity of a volatility trader living somewhere where there is no volatility (in the weather), reading the world’s longest book, hoping this is the big one when your car is in midair, J-Curve the rapper, and overpaying by 1000% for out of the money options. Make sure to follow Wayne on <a href="https://twitter.com/WayneHimelsein" rel="nofollow" target="_blank">Twitter</a> and <a href="https://www.linkedin.com/company/logica-capital-advisers-llc/about/" rel="nofollow" target="_blank">LinkedIn</a>, and check out the <a href="https://www.logicafunds.com/" rel="nofollow" target="_blank">Logica Capital Advisers</a> and <a href="https://www.facebook.com/pages/category/Charity-Organization/Informed-By-Nature-19084285826/" rel="nofollow" target="_blank">Informed-By-Nature</a>.  Don't forget to subscribe to The Derivative, and follow us on <a href="https://www.facebook.com/RCMAlternatives/" rel="nofollow" target="_blank">Facebook</a>, <a href="https://twitter.com/rcmAlts" rel="nofollow" target="_blank">Twitter</a>, or <a href="https://www.linkedin.com/company/rcm-asset-management" rel="nofollow" target="_blank">LinkedIn</a>, and <a href="https://info.rcmalternatives.com/get-our-blog-alternatives" rel="nofollow" target="_blank">sign-up for our blog digest</a>.  Disclaimer: Due to industry regulations hosts and participants will not discuss any company funds on this podcast. All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinions of RCM Alternatives or any of their affiliates. This podcast is for informational purposes only and should not be relied upon for investment decisions. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional. For more information, visit <a href="http://rcmalternatives.com" rel="nofollow" target="_blank">rcmalternatives.com</a>.

Wayne Himelsein: The Human Behind the Hedge Fund

In this episode we chat with Wayne Himelsein, president and chief investment officer at Logica Capital. Wayne has spent over two decades managing long/short portfolios and so brings a wealth of experience to the conversation.   We talk with Wayne about a concept called negative skew and how it leads many investors to underestimate the risk in their portfolio (as well as what investors can do to protect against it).   We dived into the concept of ergodicity, an idea that I initially discovered through Nassim Taleb but that has become a very valuable mental model for me for looking at both markets and life in general.   We dove into the pitfalls of diversification and how many investors engage in naive rather than what Wayne calls thoughtful diversification as well as why you only need to be right 54% of the time.   You can find more of Wayne on Twitter (@WayneHimelsein).

In this episode we chat with Wayne Himelsein, president and chief investment officer at Logica Capital. Wayne has spent over two decades managing long/short portfolios and so brings a wealth of experience to the conversation. We talk with Wayne about a concept called negative skew and how it leads many investors to underestimate the risk in their portfolio (as well as what investors can do to protect against it). We dived into the concept of ergodicity, an idea that I initially discovered through Nassim Taleb but that has become a very valuable mental model for me for looking at both markets and life in general. We dove into the pitfalls of diversification and how many investors engage in naive rather than what Wayne calls thoughtful diversification as well as why you only need to be right 54% of the time. You can find more of Wayne on Twitter (@WayneHimelsein).

[MM]6. Wayne Himelsein: Negative Skew, Ergodicity and Thoughtful Diversification

Hello Listeners,Today is a very special episode with Wayne Himelsein, President and CIO of Logica Capital Advisers. Wayne began his career as a proprietary trader at Carlin Financial Group. He then launched his first hedge fund in 1999 where he managed money for private clients as well as major institutions such as Hyundai Securities. He is a graduate of University of California Berkeley. In today's episode we discuss his approach too investing. Enjoy and thanks for the listen!

Hello Listeners, Today is a very special episode with Wayne Himelsein, President and CIO of Logica Capital Advisers. Wayne began his career as a proprietary trader at Carlin Financial Group. He then launched his first hedge fund in 1999 where he managed money for private clients as well as major institutions such as Hyundai Securities. He is a graduate of University of California Berkeley. In today's episode we discuss his approach too investing. Enjoy and thanks for the listen!

Wayne Himelsein - President and CIO Logica Capital Advisers

In this episode I chat with Wayne Himelsein, president and chief investment officer at Logica Capital.  To our conversation Wayne brings over two decades of experience managing long/short portfolios, ranging from statistical arbitrage to factor long/shorts. For as deep in the weeds as he liked to go as a quant, Wayne has a philosopher’s streak and Twitter is his soapbox.  Of course, 280 characters can be limiting, so I start out conversation by putting Wayne in the hot seat and ask him to explain the deeper meanings behind some of his recent tweets. Using these philosophies as a foundation, we then dive into long/short portfolios.  We talk about the practical difficulties of managing these strategies and Wayne explains why he believes that beta-neutral is a fool’s pursuit.   We then switch topics to tail risk hedging.  These sorts of strategies are notorious for their bleed, and we discuss whether the payoff is ultimately worth the cost of insurance.  Wayne describes a few ways in which the bleed can be managed and the ensuing tradeoffs with each method.   In discussing both long/short and tail risk hedging strategies, I ask Wayne what due diligence questions he would ask if he were evaluating another manager.  I find this question always provides great insight into what managers of these strategies actually think is important.  Wayne does not disappoint. I hope you enjoy my conversation with Wayne Himelsein.  

In this episode I chat with Wayne Himelsein, president and chief investment officer at Logica Capital.  To our conversation Wayne brings over two decades of experience managing long/short portfolios, ranging from statistical arbitrage to factor long/shorts. For as deep in the weeds as he liked to go as a quant, Wayne has a philosopher’s streak and Twitter is his soapbox.  Of course, 280 characters can be limiting, so I start out conversation by putting Wayne in the hot seat and ask him to explain the deeper meanings behind some of his recent tweets. Using these philosophies as a foundation, we then dive into long/short portfolios.  We talk about the practical difficulties of managing these strategies and Wayne explains why he believes that beta-neutral is a fool’s pursuit.   We then switch topics to tail risk hedging.  These sorts of strategies are notorious for their bleed, and we discuss whether the payoff is ultimately worth the cost of insurance.  Wayne describes a few ways in which the bleed can be managed and the ensuing tradeoffs with each method.   In discussing both long/short and tail risk hedging strategies, I ask Wayne what due diligence questions he would ask if he were evaluating another manager.  I find this question always provides great insight into what managers of these strategies actually think is important.  Wayne does not disappoint. I hope you enjoy my conversation with Wayne Himelsein.