wfgam, Author at WaveFront Global Asset Management

Risk Is Not a Number: Investing in an Unknowable World

Many investors and academics equate risk with volatility. But true risk management goes beyond market swings, it’s about preparing thoughtfully for uncertainty and potential losses. Here’s why we believe that understanding this distinction matters deeply for our clients investments. Risk vs. Volatility: What’s the Real Difference? In the 1960s, financial academics began using volatility as… Continue reading

In Front of the Wave: Thriving in the Unknown

Successful investing isn’t about predicting the future, it’s about effectively managing uncertainty. At WaveFront, we don’t build portfolios on forecasts; we construct robust investment systems that thrive across a spectrum of market conditions. Here’s why that matters. Uncertainty is not a problem to be solved – it’s the terrain we navigate. In investing, those who… Continue reading

WaveFront Global Asset Management (TSX: WAAV) and Arrow Capital Management Inc. Close the Market

Tuesday, February 11, 2025 Arrow Capital Management Inc. and WaveFront Global Asset Management (TSX: WAAV) Close the Market Robert Koloshuk, Chief Investment Officer & Managing Principal WaveFront Global Asset Management (“WaveFront”), Mark Purdy, Chief Investment Officer, Arrow Capital Management Inc. (“ACM”) and their teams, joined Keith Wu, Head Exchange Traded Products, Toronto Stock Exchange (TSX),… Continue reading

WaveFront All-Weather vs. Top 20 Alternative mutual funds (by AUM) in North America

Many investors who are interested in alternatives default to the biggest and most well known names. Here is how WaveFront All-Weather compares to the 20 largest alternative mutual funds in North America. WaveFront All-Weather vs. Top 20 Alternative mutual funds (by AUM) in North America December 31, 2019 – January 31, 2025 Source: Bloomberg &… Continue reading

Precision in Quantitative Investing: WaveFront’s Approach

Quantitative investment management uses data analysis techniques, similar to those in natural sciences, to predict market movements and create innovative trading strategies. This approach leverages scientific methods to enhance your investment portfolio’s performance. Let’s dive into why this matters and how it works. Experimental vs. Observational Science Understanding the distinction between experimental and observational investigations… Continue reading

Backtesting Myths: Why Lookback Periods Aren’t the Secret to Successful Trading

Robert Koloshuk, WaveFront’s CIO (Chief Investment Officer), discusses the reasons why ‘lookback periods’ are not a productive investigation into Managed Futures strategies, and how WaveFront’s approach is different. At WaveFront, we’ve been at the forefront of Managed Futures trading for over 20 years. Our Chief Investment Officer, Robert Koloshuk, has been a pioneer in this… Continue reading

Unraveling the Myth of Front-Running CTAs: A Deep Dive into Market Realities

Abstract This whitepaper Unraveling the Myth of Front-Running CTAs: A Deep Dive into Market Realities investigates the assumption that Commodity Trading Advisors (CTAs) follow predictable patterns that can be exploited by “front-running strategies”, more accurately referred to as “anticipatory trading strategies”. We note a prevalence of market news and sell-side research recommending these anticipatory trading… Continue reading

In Front of the Wave – Episode 3

In this episode we’re exploring the concept of trend following, a key strategy in systematic investing that has proven to be highly effective in various market conditions.

Debunking Myths: The Role of Stock and Bond Futures in Diversification

In recent times we have observed some Canadian Managed Futures firms making the claim that excluding stock and bond futures from their futures trading models enhances the diversification benefits of their strategies. While intuitively this might make sense, many decades of research we have done at WaveFront strongly contradict this claim.

WaveFront Global Asset Management welcomes Wes Mills as Chief Compliance Officer

We are thrilled to announce the appointment of Wes Mills as the Chief Compliance Officer of WaveFront Global Asset Management. With this pivotal role, Wes will oversee our comprehensive compliance program and ensure our operations adhere to regulatory standards. Wes joined the WaveFront team in 2023, bringing with him an impressive track record that spans… Continue reading