Nick Baltas

Systematic Trading Strategies at GS | Visiting Researcher @ Imperial College Business School - All views are my own; retweets are not endorsements.

[Nick Baltas @nbaltas]

Excited to have my article on Equity Momentum and its crowding implications published in @FTAlphaville!

At the end of the day (pun intended) the mechanics of a momentum trade resemble those of a party!

Thanks to @RobinWigg @FT

https://t.co/4hN6q1A2Qv

[TopTradersLive.com @TopTradersLive]

This week with Nick Baltas (@nbaltas), we examine the different jobs that diversifying strategies can perform in a portfolio.

Join the conversation:

https://t.co/Vf9DbbUF99

[TopTradersLive.com @TopTradersLive]

Could the popularity of a narrative become an investment signal?

Nick Baltas @nbaltas) and I discuss new research examining how growing themes may influence demand for certain assets before the resulting price trend becomes fully visible.

👇️ 👇️

https://t.co/Vf9DbbUF99

[Corey Hoffstein 🏴‍☠️ @choffstein]

In the most recent @TopTradersLive episode, @nbaltas discusses portable alpha / return stacking with trend following.

To paraphrase his opinion:

- If it's an all-equity base, consider constraining equities in trend so you don't double-up on equity risk.

- If it's a stock/bond portfolio, the story is different because the risk is inflation spikes and a more unconstrained profile is better for protecting the main shock profile. The problem isn't when equities fall, but when both equities AND bonds fall.

So should a 100% Equity + 100% Trend fund follow the first prescription?

Not so fast!

Again, we're myopically looking at line-item versus portfolio.

A 100% Equity + 100% Trend fund might be used to replace some equity exposure in a strategic stock/bond mix... which puts us into Nick's second category.

But if we are talking about the rare case of an all equity base, then we're likely talking about an investor with a high risk tolerance as well as a high risk capacity: precisely the type of investor who can likely stomach increased (conditional) equity exposure!

Anyway, worth a listen for Nick's thoughts.

Around 34:00 here: https://t.co/FQkFbWd4Yf

[TopTradersLive.com @TopTradersLive]

In this episode, Nick Baltas (@nbaltas) and I review a set of new academic and practitioner papers on systematic trend. We examine what the papers imply for portfolio construction and risk management. Don't miss the chat.👇️ 👇️

https://t.co/7OnoD1P2Dh

[TopTradersLive.com @TopTradersLive]

In 2025, we saw massive dispersion between managers running “similar” strategies.

We broke down why this happened.

@nbaltas @andrewdbeer1 @jam_croissant @investingidiocy @mrzepczynski @RichB118 @alanjdunne

👉 ️https://t.co/qrbkEMzlXo

👉 https://t.co/OPIiDTR5fp

[TopTradersLive.com @TopTradersLive]

New episode out now 🎙️

@moritzseibert talks with @nbaltas from Goldman Sachs about the trillion-dollar world of Quantitative Investment Strategies.

🎧 Catch the full conversation:

https://t.co/jCMZpA5L6X

[TopTradersLive.com @TopTradersLive]

Is the idea of “safe assets” breaking down?

Nick Baltas (@nbaltas) joins me to unpack why the recent moves in U.S. bonds are forcing a rethink of what counts as risk-free. Don't miss the insights!

https://t.co/GjjpWqZsXw

[Gappy (Giuseppe Paleologo) @__paleologo]

"The Impact of Crowding in Alternative Risk Premia Investing"

(HT: @nbaltas )

https://t.co/C8TDaAcc5a

[TopTradersLive.com @TopTradersLive]

Short-term vs. long-term trend following—who came out on top during last week’s market chaos?

Join @nbaltas and I as we discuss how model speed impacted performance during last week's market chaos.

https://t.co/gsJVodVEDk

#trendfollowing

[TopTradersLive.com @TopTradersLive]

When volatility strikes, are you prepared?

In this episode, @nbaltas and I explore the role of risk management in surviving market shocks. Be sure to check it out!

https://t.co/gsJVodVEDk

#trendfollowing

[TopTradersLive.com @TopTradersLive]

Join @alanjdunne and @nbaltas in this episode as they take a closer look at a paper looking at the best ways to construct carry strategies from @InvestReSolve.

https://t.co/N1fSbq6sjj

#economy #investing #markets

[Jerry Parker @rjpjr12]

https://t.co/OpyJ9UCZgn

[FT Alphaville @FTAlphaville]

Momentum parties and hangovers https://t.co/09D4ZRs5cH

[TopTradersLive.com @TopTradersLive]

Tune in as we dissect the latest articles and industry insights with @nbaltas. We weigh the pros and cons of trading alternative markets and unravel the challenge of timing your trend-following investments.
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https://t.co/gBT7VePCbb

#Alternativemarkets

[TopTradersLive.com @TopTradersLive]

In this podcast, @nbaltas and I unravel the enigma surrounding trend following CTAs' volatility stance by looking at a research paper from Quantica. Don’t miss it!
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https://t.co/gBT7VePCbb

#economy #investing #markets

[TopTradersLive.com @TopTradersLive]

60/40 has been the asset allocation paradigm for years, with equities and bonds being the dynamic duo, but it might be time for a strategic makeover. Explore how it could potentially evolve with @nbaltas and I in this episode.
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https://t.co/gBT7VePCbb

#economy

[TopTradersLive.com @TopTradersLive]

Can the past really tell us about the future? @nbaltas and I discuss whether you can predict future trend following performance by analyzing previous trend following performance. Tune in!
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https://t.co/gBT7VePCbb

#economy #investing #markets

[TopTradersLive.com @TopTradersLive]

Join @nbaltas and I as we share our thoughts on why trying to extract more from your trading strategies might do more harm than good. We discuss the importance of allowing strategies to play the role they are meant to play. Check it out!
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https://t.co/gBT7VePCbb

[Nick Baltas @nbaltas]

That was great fun!
Thanks for all the effort in putting this together, Niels!

[TopTradersLive.com @TopTradersLive]

I consider myself very lucky to be able to speak to this amazing group of individuals each week on https://t.co/7M102PyjAT and to get them together for our Year-End special recording exceeded my expecations. @jam_croissant @katykam @RichB118 @investingidiocy @mrzepczynski @andrewdbeer1 @alanjdunne @nbaltas 🙏