# SI403: Trend Following in an Era of Geopolitical Risk ft. Marat Molyboga & Katy Kaminski

Page: https://stenobird.com/podcast/top-traders-unplugged-761537/si403-trend-following-in-an-era-of-geopolitical-risk-ft-marat-molyboga-katy-kaminski
Text version: https://stenobird.com/podcast/top-traders-unplugged-761537/si403-trend-following-in-an-era-of-geopolitical-risk-ft-marat-molyboga-katy-kaminski.md
Podcast: [Top Traders Unplugged](https://stenobird.com/podcast/top-traders-unplugged-761537)
Published: 2026-06-06T04:00:00+00:00
Episode link: http://localhost:8888/TopTradersUnplugged/ttu-2021/homepage/si403-trend-following-in-an-era-of-geopolitical-risk-ft-marat-molyboga-katy-kaminski
Audio file: https://episodes.captivate.fm/episode/3e5b7605-6599-4ec5-8467-107107124562.mp3
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Duration seconds: 5042

## Resource

Geopolitical tensions, inflation shocks, and shifting market regimes are reshaping the investment landscape. Marat Molyboga and Katy Kaminski joins us to explore why managed futures have historically performed well during periods of geopolitical stress and why investors often misunderstand the role of crisis alpha in a portfolio. The conversation examines inflation driven market disruptions, diversification, short term versus long term trend following, portfolio construction, and the behavioural mistakes that prevent many investors from capturing the full benefits of trend strategies. It is a wide ranging discussion about risk, uncertainty, and adapting to a changing world. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written  here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to  info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on  iTunes  or Spotify so more people can discover the podcast. Follow Katy on LinkedIn . Episode TimeStamps: 00:00 - Introduction and welcome to the Systematic Investor series 01:13 - Marat Molyboga's background and Efficient Capital's investment philosophy 05:29 - World Cup excitement, soccer stories, and thoughts beyond markets 11:36 - AI, market concentration, energy trends, and major macro headlines 15:16 - Trend following performance review and key market dri…

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