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The Derivative

RCM Alternatives
Risk Management
Alternative Investments
Managed Futures
Volatility
Equities
Zero DTE Options
Longtail Alpha
RCM Alternatives
Interest Rates
Market Strategies
Investment Portfolios
Tail Risk Hedging
Carry Trade
Commodities
Etfs
Options Trading
Hedge Funds
Tortilla Chips
Dynamic Alpha Solutions
Chicago Prop Trading

Welcome to The Derivative by RCM Alternatives, where we dive into what makes alternative investments go, analyze the strategies of unique hedge fund managers, and chat with interesting guests from across the investment world. Hosted by RCM Managing Partner, Jeff Malec, join us to take a ride through the world of alternative investments.

PublishesWeeklyEpisodes224Founded6 years ago
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Latest Episodes

Join Jeff Malec for another solo Six Pack episode of The Derivative, where he riffs on everything from the post-COVID conference circuit to bond markets, AI, and yes… public restrooms. Jeff contrasts the buttoned-up energy of iConnections with the be... more

In this episode, Jeff Malec sits down with Vuk Vukovic and Scott Alford of Oraclum Capital (ORCA) to explore how an academic project on elections turned into a $70M hedge fund powered by crowd predictions. Vuk explains how he and his co-founders, com... more

In this episode, Jeff Malec sits down with returning “resident oil guy” Brent Belote of Cayler Capital to unpack one of the wildest stretches in energy markets since COVID and Russia/Ukraine. They dig into recent oil volatility, geopolitical tensions... more

What happens when a data-obsessed mind that could have been optimizing portfolios decides to optimize powder days instead? This episode features meteorologist and OpenSnow founder Joel Gratz in a deep dive on snow, skiing, and the science of weather ... more

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Recent Guests

Joel Gratz
Founder of OpenSnow app (powder forecasting and weather data for skiers)
OpenSnow
Episode: OpenSnow’s Joel Gratz built a Pod Shop for Powder Days: the PMs are Meteorologists and the Returns are Faceshots. Send It!
Ian Winer
Graduate of West Point, founder of Center15 Capital
Center15 Capital
Episode: Drone Wars, Space Intelligence, and AI-powered Defense Tech Investing with Ian Winer of Center15 Capital
Patrick Kazley
President, Head of Solutions at OneRiver
OneRiver
Episode: SuperCars, Salad, and Sumo Wrestlers: Inside OneRiver’s Systematic Risk Mitigation Playbook with Patrick Kazley
Bruce Sinclair
Founder/CEO of Brent Trading, grain trader
Brent Trading (South Africa)
Episode: Carry, Calendar Spreads, and Climate: Bruce Sinclair on the Future of Grain Markets
Justin Huhn
Co-host of Going Nuclear podcast and expert on uranium investments.
Going Nuclear podcast
Episode: Going Nuclear: How Uranium is Powering Portfolios with Trevor Hall & Justin Huhn
Trevor Hall
Co-host of Going Nuclear podcast and an expert in nuclear energy investment.
Going Nuclear podcast
Episode: Going Nuclear: How Uranium is Powering Portfolios with Trevor Hall & Justin Huhn
Devang Gambhirwala
Managing Director and Portfolio Manager at PGIM's Quantitative Solutions Group.
PGIM
Episode: Defensive Equity, Flex Options, and the Future of Quant at PGIM
Lorne Johnson
Portfolio Manager specializing in portfolio design and multi-asset research.
PGIM
Episode: Defensive Equity, Flex Options, and the Future of Quant at PGIM
Dan Russo
Portfolio Manager at Potomac Funds
Potomac Funds
Episode: Timing, Triggers & Transparency: Inside Potomac Funds’ Tactical Investing Playbook with Dan Russo

Host

Jeff Malec
Host of The Derivative with a focus on alternative investments and risk management.

Reviews

4.7 out of 5 stars from 113 ratings
  • Amazing

    Whoever gave this podcast two stars should have their head examined. 5 stars! Too many amazing guests to name. Keep it up Jeff

    Apple Podcasts
    5
    sota_trading
    Canada3 years ago
  • Great volatility group of speakers

    The only problem was in backing up 15 seconds to hear a statement repeated, I was taken to a totally different part of the podcast.

    Minutes separate one push of the 10 second forward control. Tens of minutes on the 15 seconds back control. When the end of the countdown to podcast length came, it kept playing for 24 minutes material already covered.

    This never happens on this cast, and it isn’t my Apple podcast’s problem.

    Apple Podcasts
    4
    TheLoneComic
    United States3 years ago
  • Awesome podcast!

    This podcast is a great resource for anyone looking to learn more about the world of investing to enhance their market strategies! Jeff is very knowledgeable and each of his conversations with guests uncovers valuable information.

    Apple Podcasts
    5
    maddie@podcastingyou
    United States4 years ago
  • Great Guests + Interviewer needs improvement

    The guests brought on are incredible and I am grateful overall for the podcast! My suggestion for the interviewer is to not interject so much and talk over the guests. They are intelligent and clearly articulate their points. Let them finish speaking and then follow up. Many Thanks!

    Apple Podcasts
    4
    Matt8363891)3
    United States5 years ago
  • Benn Eifert was great / but host needs to cut the small talk!!

    I like this podcast overall and they have had some great guests. Benn Eifert is one of the most knowledgeable guys in the vol space and it was a great interview.

    One piece of advice to the host => PLEASE cut the small talk at the start of your interviews! In the Benn Eifert interview the first 15mins was small talk about SF vs LA and all sorts of other stuff. People want to get to Benn’s expertise on vol / convexity and not listed to 15mins of chit chat. Please get to the point faster....

    Apple Podcasts
    5
    Derivatives Trader
    United States5 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Interviews are insightful; a few notes on pacing and staying concise would help.
Guest list is strong and varied, with practical insights.
Great resource for those seeking depth in volatility and risk management.
Guests are top-tier; the host could benefit from smoother transitions.
Consistently valuable content for alternative investing enthusiasts.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#225
Italy/Business/Investing
Apple Podcasts
#118
Finland/Business/Investing
Apple Podcasts
#189
India/Business/Investing
Apple Podcasts
#234
Norway/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

From Venezuelan Oil to Nuclear Frontiers: Navigating Resource Markets with Robert Mullin
Q: What were your first thoughts on the U.S. grabbing Venezuelan oil?
The idea of us leaning into what's going on in Venezuela has been pretty well telegraphed for a while, but the swiftness with which it was achieved was surprising.
The Endowment Playbook: Balancing Long-Term Goals with Current Market Volatility
Q: How do you foresee market volatility impacting your endowment strategies?
Market volatility requires us to be proactive in asset allocation, avoiding excessive risk and remaining flexible for future opportunities.
The Endowment Playbook: Balancing Long-Term Goals with Current Market Volatility
Q: How do you balance public versus private investments?
We evaluate the potential returns and associated risks, prioritizing liquidity and market conditions before allocations.
The Endowment Playbook: Balancing Long-Term Goals with Current Market Volatility
Q: What is your main focus when allocating assets for the Baylor Endowment?
Our main focus is to support academia and to do no harm while trying to achieve the best returns possible.
Trends, Tall Heads, and Transformations with Transtrend’s Harold de Boer
Q: So do you guys filter out any markets or you are saying as many markets as we can put into the universe?
We don't filter out markets based on historical performance; however, we do avoid trading certain markets due to geopolitical factors or reliability issues.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About The Derivative

What is The Derivative about and what kind of topics does it cover?

Listeners tune in to explore how alternative investment strategies are constructed and risk managed, with in-depth conversations featuring hedge fund managers, commodity traders, and institutional investors. Episodes often center on systematic risk mitigation, long volatility, trend following, and quantitative approaches, alongside real-world trading anecdotes and practical implementation notes for institutions and high-net-worth portfolios. A standout trait is the mix of rigorous, model-based discussions with accessible storytelling, plus a willingness to cover niche markets like grains, uranium, and maritime trade. This fusion of cutting-edge strategies and domain-specific insights makes it a strong fit for finance professionals seeking a... more

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Which podcasts are similar to The Derivative?

These podcasts share a similar audience with The Derivative:

1. Top Traders Unplugged
2. Excess Returns
3. The Market Huddle
4. Forward Guidance
5. The Meb Faber Show - Better Investing

How many episodes of The Derivative are there?

The Derivative launched 6 years ago and published 224 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Derivative?

Recent guests on The Derivative include:

1. Joel Gratz
2. Ian Winer
3. Patrick Kazley
4. Bruce Sinclair
5. Justin Huhn
6. Trevor Hall
7. Devang Gambhirwala
8. Lorne Johnson

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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