Paul

In Alphacution's upcoming case study, "US Equity Market Macrostructure Evolution: The Temple of Financial Fantasies," we expose patterns discovered by modeling the entire 13F dataset over a period of nearly 12 years. It turns out that there are significant concentrations of reporting managers at the intersection of certain metrics that we've mined from that dataset. This suggests that there are significant concentrations of similar strategies. Alphacution presents a teaser for its findings...

Alphacution continues its analysis of US equity liquidity factors contextualized against the backdrop of foreign holdings of US securities - which is further contextualized against the backdrop of the composition and expected growth of the US national debt - and all of which is set against the backdrop of the "Trump Trade War." Meanwhile, as the key financial spokesman for the Trump administration, US Treasury Secretary Scott Bessent appears to have consciously adopted one of recent history's most colorful roles; that of "Baghdad Bob."

In this 33-page, 32-exhibit case study, “Headlands Technologies: Return of the Pioneers,” Alphacution details the profound paradox of one of the newest liquidity providers in US equities while simultaneously being one of its most consequential pioneers. Follow Matt Andresen’s journey from Island ECN to the early incarnation of Citadel Securities to the launch of Headlands, where he and team spent a decade – racking up success after success as a liquidity provider in other products, asset classes, and regions – before returning to US equities, where it all began.. Competitors should pay close attention…