TTU47: How to Start Managing Client Capital ft. Bastian Bolesta of Deep Field Capital – 1of2
The story of Deep Field Capital’s Founder and CEO is an interesting one. Bastian Bolesta met his future partners whilst spending a semester abroad in China before returning to Germany and then moving to Switzerland to join them. The team also moved from the discretionary trading space to a unique way of systematic trading. Deep Field is a relative newcomer to the industry as they don’t have a 20+ year track record, so our conversation has timely insights for those looking to start a firm and begin managing external client capital.
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In This Episode, You’ll Learn:
- Bastian’s background and how he got interested in finance.
- How he grew up in Frankfurt and went to university there.
- What he learned from a semester abroad in China and why he returned there after graduating.
- How he met his future business parters and started their first business.
- How they went from the discretionary trading mindset to a systematic trading firm.
- How they came up with their initial trading ideas.
- The difference between discretionary and systematic traders.
- What he does when he’s not running his business.
- Pros and cons of trading external capital and how they started trading other people’s money.
- How Bastian looks at the industry as a young and vibrant firm (started after 2008) and offers a different perspective then those who have 20+ years in the industry.
- How he built the business from the ground up and how to grow a business smartly.
- How to convince investors that you can compete with larger managers.
- How regulation affects the business.
- The track record of their strategy and how investors should look at it.
- The details of their trading program, and why they work in “themes”.
- The allocation process for his program.
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Resources & Links Mentioned in this Episode:
- Bastian mentions this “Pick Me” moment from the movie Shrek.
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