SI403: Trend Following in an Era of Geopolitical Risk ft. Marat Molyboga & Katy Kaminski

Geopolitical tensions, inflation shocks, and shifting market regimes are reshaping the investment landscape. Marat Molyboga and Katy Kaminski joins us to explore why managed futures have historically performed well during periods of geopolitical stress and why investors often misunderstand the role of crisis alpha in a portfolio. The conversation examines inflation driven market disruptions, diversification, short term versus long term trend following, portfolio construction, and the behavioural mistakes that prevent many investors from capturing the full benefits of trend strategies. It is a wide ranging discussion about risk, uncertainty, and adapting to a changing world. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Katy on LinkedIn . Episode TimeStamps: 00:00 - Introduction and welcome to the Systematic Investor series 01:13 - Marat Molyboga's background and Efficient Capital's investment philosophy 05:29 - World Cup excitement, soccer stories, and thoughts beyond markets 11:36 - AI, market concentration, energy trends, and major macro headlines 15:16 - Trend following performance review and key market drivers in 2026 23:36 - Understanding crisis alpha and the role of managed futures in portfolios 33:24 - Diversification, portfolio construction, and avoiding investor mistakes 44:08 - Geopolitical risk research and its connection to inflation 53:01 - Why managed futures have historically benefited from geopolitical uncertainty 59:01 - Commodities, inflation shocks, and the mechanics behind crisis alpha 01:06:47 - The case for short term trend following and execution challenges 01:20:31 - Final thoughts and lessons for navigating an uncertain investment landscape Copyright © 2025 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey: 1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here 2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here 3. Other Resources that can help you And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here Privacy Policy Disclaimer

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SI403: Trend Following in an Era of Geopolitical Risk ft. Marat Molyboga & Katy Kaminski is an episode from Top Traders Unplugged with Niels Kaastrup-Larsen | Engaging Conversations with the Top Traders & Investors by Niels Kaastrup-Larsen.

This episode is 01:24:02 long.

This episode was published on Jun 6, 2026.

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