Corey Hoffstein ๐ดโโ ๏ธ
@choffstein
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CEO & CIO, Newfound Research | ๐ฅ Return Stackedยฎ ETFs | ๐ Liquidity Cascades | ๐ Rebalance Timing Luck | โก๏ธ Risk cannot be destroyed, only transformed.
๐ www.flirtingwithmodels.com
Joined October 2009
My company, Newfound Research, turned 15 today. Coming up on this anniversary, I reflected quite a bit on my career. Iโm not sure why, but this milestone feels larger than I would've expected. So I decided to write something. 15 Ideas, Frameworks, and Lessons from 15 Years.
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people keep complaining that it's "so hard" to earn points on lighter. look, it's simple as:. - deposit millions of wstETH into Compound.- borrow USDC against it.- short millions of ETH on lighter. immediately you'll be on the top of the weekly leaderboard!
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simple as leverage demand
Buy spot $PUMP.Sell $PUMP perp. 1000% cash-and-carry trade. hyperliquid
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Buy spot $PUMP.Sell $PUMP perp. 1000% cash-and-carry trade. hyperliquid
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At 4pm ET today, we'll be reviewing our Q2 commentary and answering any questions you've got!.
๐๐๐ฆ๐ง ๐๐๐๐ก๐๐ ๐ง๐ข ๐ฅ๐๐๐๐ฆ๐ง๐๐ฅ!.๐ฆ๐ง๐๐๐๐๐ ๐จ๐ก๐ฃ๐๐๐๐๐: ๐ค๐๐ฎ๐ฟ๐๐ฒ๐ฟ๐น๐ ๐๐ถ๐๐ฒ ๐ค&๐. ๐
๐ง๐ข๐๐๐ฌ | ๐ ๐ฐ:๐ฌ๐ฌ ๐ฃ๐ ๐๐ง. Stacked quarter? Letโs unpack it. Join @choffstein & @GestaltU as they cover the trends from last quarter, look ahead to the
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RT @choffstein: Commentary is always an end-of-quarter blitz for me (yes, I write it personally). Pretty happy with how this one turnedโฆ.
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Commentary is always an end-of-quarter blitz for me (yes, I write it personally). Pretty happy with how this one turned out. Some parts I particularly liked:. - Trend replication continues to track. - Discussing risk-premium re-pricing and fundamental re-rating in the
Our quarterly commentary for the Return Stackedยฎ suite of ETFs is now available.
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900% on Hyperliquid and 12% on Extended?. someone is eating good on $PUMP funding rate arb today.
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RT @choffstein: Our quarterly commentary for the Return Stackedยฎ suite of ETFs is now available.
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RT @InvestReSolve: STACKED UNPACKED: A Quarterly Live Q&A ๐
Mon, July 14 @ 4PM ET.Join @choffstein & @GestaltU as they discuss:.โ๏ธ What haโฆ.
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Our quarterly commentary for the Return Stackedยฎ suite of ETFs is now available.
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I'm really hoping there's a better reason than "wanted to scrap the bad performance," but it looks pretty bad for Winton as it stands.
@choffstein the share class is the same (same name and ISIN) and was launched before 1 May. Basically launched 27 March, scrapped on 14 April due to bad performance. Nav reset to 100 and relaunch on 1 May
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Any one have an answer as to what's going on here? Same ISIN. .
@choffstein Launched at end of March but got a new virginity apparently. By 7 April was down ~16% to $84 (first screenshot from their website that day). Now the May factsheet says USD class was launched 1 May (note same ISIN) and fund YTD +3.97% to exactly $103.97 (also a NAV reset to $100?)
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"the ego of a leveraged ETF!" might be my favorite part.
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Lo! The Saga of Corey Hoffstein, the Quantsmith of Fenway. In the twilight of the algorithmic age, where the weak bent knee to the yoke of passive flows and beta reigned unchallenged, there rose a manโa pale scholar with the sinews of a spreadsheet and the soul of a compliance.
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I just tried this and ChatGPT said:. He strode forth from the savage lands of Twitter, armed with a podcast and the smirk of someone who once said โvolatility isnโt riskโ at a dinner party and genuinely believed it made him mysterious. I can't recover from this one.
When you ask ChatGPT to โroast you in the style of Robert E. Howardโ (he created Conan among many other things):. Roast of Cliff Asness, in the Savage Style of Robert E. Howard:. Lo! Gather โround, ye trembling scholars and hedge-fund sycophants, and hear the tale of Clifford.
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Another interview with TJ Carlson on portable alpha at MOSERS.
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