Ex-Lehman star trader returns to Global Macro with strong performance

This new Opalesque.TV BACKSTAGE video is a fascinating portrait of Robert Page who built up Lehman Brother’s Yen derivatives business from 1994 in Tokyo. He was for multiple years the most profitable or the #2 trader at Lehman and Credit Suisse. Today he co-manages the SA2 BELLWETHER Fund, a global fundamental quantitative macro fund which currently is ranked as one of the top performing global macro hedge funds.

Built on the founders' many years of trading Japan, “the ultimate out of sample experience”, SA2’s models now cover 40+ markets, forecasting returns of both low and high growth countries. For Robert, Japan is “the poster child why (traditional) models don’t work”, because they tend to be “mostly unresponsive” to recent changes in the markets.

Robert also talks about:

• How doing extensive research gives confidence to run very large positions
  
• The art of getting in early: Point in case: Spain and Italy
  By being early in a small size, you do not need to have large positions to produce good returns.
  
• When less can be more: “Don’t overtrade a good trade”
  
• Why SA2 has beaten many large risk parity and quantitative fundamental macro funds this year.

SA2 Advisors LLP uses quantitative models driven by fundamental and macro-economic data to manage investments globally. The firm is based in London, United Kingdom, and is regulated and authorised by the Financial Conduct Authority (FCA) and has been appointed by the SA2 Bellwether Fund as the investment advisor.

Robert holds a MS in Engineering from Stanford University, a BS with Distinction in Operations Research & Industrial Engineering and a BA in Government from Cornell University. He has a 20+ years track record of proprietary trading and fund management in the field of derivatives and portfolio management. He was the Head Trader of Fixed Income Derivatives Trading at Lehman Brothers Tokyo, Head of Pacific Arbitrage at Credit Suisse and Head of European Fixed Income Trading at Gen Re Securities in London. He was also a co-founder of NorthBay Investment Management, responsible for managing over $700m and a founder of Alpha Beta Fund Management.
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This new Opalesque.TV BACKSTAGE video is a fascinating portrait of Robert Page who built up Lehman Brother’s Yen derivatives business from 1994 in Tokyo. He was for multiple years the most profitable or the #2 trader at Lehman and Credit Suisse. Today he co-manages the SA2 BELLWETHER Fund, a global fundamental quantitative macro fund which currently is ranked as one of the top performing global macro hedge funds.

Built on the founders' many years of trading Japan, “the ultimate out of sample experience”, SA2’s models n ...more