# Ep. 336: David Dredge on Sharpe Ratio Fallacy, Capturing Upside and Managing Uncertainty

Page: https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-336-david-dredge-on-sharpe-ratio-fallacy-capturing-upside-and-managing-uncertainty
Text version: https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-336-david-dredge-on-sharpe-ratio-fallacy-capturing-upside-and-managing-uncertainty.md
Podcast: [Macro Hive Conversations With Bilal Hafeez](https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900)
Published: 2025-11-28T11:48:00+00:00
Episode link: https://macrohive.libsyn.com/ep-336-david-dredge-on-sharpe-ratio-fallacy-capturing-upside-and-managing-uncertainty
Audio file: https://traffic.libsyn.com/secure/macrohive/MH_w_DREDGE_.mp3?dest-id=1929056
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/macro-hive-conversations-with-bilal-hafeez-524900/episodes/ep-336-david-dredge-on-sharpe-ratio-fallacy-capturing-upside-and-managing-uncertainty
Duration seconds: 2744

## Resource

David Dredge is the Chief Investment Officer of Convex Strategies, which is an agnostic value investor in volatility. David has over 30 years' experience managing risk across global markets. Prior to launching Convex Strategies, David served as a Managing Director and Portfolio Manager at Artradis Fund Management in Singapore, where he was responsible for the fixed income aspects of their volatility strategy. Earlier in his career, David built and ran Asian and Global EM trading businesses for RBS (ABN AMRO Group), Bankers Trust, and Bank of America. He currently sits on the Monetary Authority of Singapore Markets Committee (SFEMC).

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/macro-hive-conversations-with-bilal-hafeez-524900/episodes/ep-336-david-dredge-on-sharpe-ratio-fallacy-capturing-upside-and-managing-uncertainty/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-336-david-dredge-on-sharpe-ratio-fallacy-capturing-upside-and-managing-uncertainty.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.