Moritz Seibert & Moritz Heiden - From CTA to web3 (S5E3)

Trend following strategies rely on a disciplined, raw approach that prioritizes cutting losses and allowing winners to run across a broad, liquid set of global markets. Effective implementation avoids over-optimization, focusing instead on simple signals like price breakouts and volatility-adjusted position sizing rather than complex covariance models. The conversation extends into the evolving crypto landscape, where market inefficiencies—such as the cash-and-carry trade—provide significant opportunities for systematic managers. As the digital asset space matures, institutional-grade infrastructure, including robust custody solutions and regulated fund structures, becomes essential for scaling. This shift toward crypto reflects a broader generational transition, where decentralized protocols and tokenized markets offer new avenues for quantitative strategies, provided managers soberly address the unique risks inherent in on-chain operations and counterparty exposure.