The art of trading
“We think portfolio managers tend to overanalyze quantitative historical data — it’s like trying to drive while looking only in the rear view mirror. Therefore, trades are often far too complicated; we think simple is smart.”
Renee Haugerud – Chief Investment Officer / Founder
March 9, 2020 Pure retaliation—that’s the best way to describe Saudi Arabia’s response to the latest OPEC meeting. Russia, a non-OPEC member, refused to agree to OPEC’s demands to cut 1.5 million barrels of oil production a day, and that in...read more
March 29, 2018 Hedge fund founder Renée Haugerud talks about working in a male-dominated field, the difference between male and female brains and why some women don’t want to invest with women. Renée Haugerud was only 5 years old when she was...read more
March 20, 2020 Should commodity investors be happy? While most asset classes are reeling from the coronavirus pandemic, commodities have held up better than stocks. Since the S&P 500 index peaked this year on Feb. 19, it has fallen 30%. The popular Bloomberg...read more
Galtere was founded in 1997 by Renee Haugerud, a commodity trading veteran of over 30 years. Galtere’s flagship strategy distinguishes itself from pure commodity strategies and from traditional global macro strategies by blending elements of both. By looking through the commodity lens, Renee and the investment team approach markets from a distinctive standpoint, and are keenly aware of how commodity fundamentals can influence other asset classes. Typically, commodities make up the bulk of the portfolio, with the next largest exposure in foreign exchange, followed by fixed income and equity trades. Combining the discretionary theme-based investment selection (see investment strategies) with Galtere’s proprietary technical process for pricing and risk management, the returns have a very low correlation to most asset classes while offering low volatility.
The Galtere philosophy is particularly forward-looking – an important component of the “art” of trading – while incorporating proper historical perspective, or the “science” of trading. We feel that this hybrid view of global opportunities is an integral part of our continual success as an investment manager.
Headquartered in the Midwest, the firm also maintains a presence in NY. We are able to monitor physical production across key agricultural markets in the Midwest region. The Galtere Research And Development Center in Minnesota is available to provide interested parties with a tangible knowledge of how our ideas are sourced, tested, and developed.