Episode Details

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 beach-side vibes of Future Proof and asks whether meeting managers face-to-face actually improves allocation decisions or just introduces new biases. He digs into Florida's great hedge fund migration and whether the tax savings actually pencil out, breaks down why the last five years have been historically brutal for bonds and what that's meant for managed futures globally, and tackles AI's deflationary potential, the "ghost GDP" thesis, and the governance question of letting a handful of private companies set moral guardrails for systems increasingly doing human jobs. On the lighter side, Jeff shares his experience racing Switzerland's legendary Inferno downhill and closes with a definitive ranking of public hand-drying solutions. If you're an allocator, markets nerd, or just someone with strong opinions about restroom hand dryers, this one's for you. 

Consider this episode a six pack best enjoyed in one long, thoughtful sip SEND IT!

Chapters:

00:00-00:41=Intro

00:42-06:26= #1 Conference Circuit, iConnections vs. Future Proof, and the Allocator’s Dilemma

06:27-10:26= #2 The Florida Hedge Fund Invasion and West Palm’s Second Manhattan

10:27-15:19= #3 What the #$*@? Is Going On With Bonds? Managed Futures vs. a Broken Bond Market

15:20-21:56= # 4 AI Deflation, Ghost GDP, and Who Sets the Moral Code for Machines?

21:57-24:02= # 5 Inferno Downhills, & Ego Checks

24:03-28:41= #6 The Great Hand Dryer Debate (Ranking)

Roy Niederhoffer podcast episode: Making Market Music with Roy Niederhoffer

Citrini Blog post: When Skynet Writes a Substack: The AI Doom Piece That Moved Markets

Dwarkish podcast: The most important question nobody's asking about AIAs We May Work (Taylor Pearson Whitepaper): https://taylorpearson.substack.com/p/as-we-may-work

Inferno Murren: The World's craziest downhill ski race
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