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Relative sentiment is a factor that measures the differences in positioning, flows, and attitudes between institutional and individual investors. The rationale behind relative sentiment is that an increasing volume of literature shows institutions tend to have better financial market outcomes than individuals–a dynamic likely driven by the persistent structural advantages institutions possess.
At Relative Sentiment Technologies, we seek capital appreciation by dynamically adjusting our allocations based on the degree to which institutional investors are more or less bullish on a given asset class relative to retail investors–taking more exposure when institutions increase their relative bullishness, and less otherwise.
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text_shadow_color=”” text_stroke=”no” text_stroke_size=”1″ text_stroke_color=”” text_overflow=”none” margin_top_medium=”” margin_right_medium=”” margin_bottom_medium=”” margin_left_medium=”” margin_top_small=”” margin_right_small=”” margin_bottom_small=”” margin_left_small=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” margin_top_mobile=”” margin_bottom_mobile=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ highlight_color=”” style_type=”none” sep_color=”” link_color=”” link_hover_color=”” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=””]Brit Yonge[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”600″ font_size=”26px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]Co-founder[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” 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Before working with Corsair, Mr. Yonge spent 5 years at Palantir, where he started and led the Asia office and served as Chief of Staff to the Chief Technology Officer. Subsequently, he co-founded a company that built technical infrastructure for the correspondent banking industry. During his 5 years serving in the US Navy, Mr. Yonge never spent a day on a ship, instead deploying downrange as an Intelligence officer. He is a graduate of the United States Naval Academy.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
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text_shadow_color=”” text_stroke=”no” text_stroke_size=”1″ text_stroke_color=”” text_overflow=”none” margin_top_medium=”” margin_right_medium=”” margin_bottom_medium=”” margin_left_medium=”” margin_top_small=”” margin_right_small=”” margin_bottom_small=”” margin_left_small=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” margin_top_mobile=”” margin_bottom_mobile=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ highlight_color=”” style_type=”none” sep_color=”” link_color=”” link_hover_color=”” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=””]Dave Babulak[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”600″ font_size=”26px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]Co-founder[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” 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Previously, Mr. Babulak spent ten years at Getco (now KCG) where he was a Member of the Board and held a variety of leadership roles. Prior experience includes co-founding Blink Trading, later purchased by Getco, work as a quant at Hull Trading (now part of Goldman Sachs), and time as an assistant trader on the floor of the Chicago Board Options Exchange. Mr. Babulak served as an Engineer Officer in the United States Army and holds engineering degrees from the University of Michigan and Stanford University.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
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Patton[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”600″ font_size=”26px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]Co-founder[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]George T. Patton is a long-time entrepreneur who has achieved success in a variety of industries ranging from real estate to finance to manufacturing. From 1990-2015 he was the President of George Patton Associates, which both manufactured and imported over 5000 B2B marketing products and sold them via cutting edge e-commerce tactics—eventually becoming a top 200 e-commerce retailer. GPA was purchased in 2012 by a large German public company. Since 2015 Mr. Patton has been an investor in quantitative alternative investments and an avid mountain hiker, especially in Cape Verde Islands and the White Mountains of New Hampshire.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
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animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” last=”true” border_position=”all” first=”false”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” title_link=”off” link_url=”” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”left” size=”3″ animated_font_size=”” fusion_font_family_title_font=”” fusion_font_variant_title_font=”” font_size=”57px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color6)” hue=”” saturation=”” lightness=”” alpha=”” animated_text_color=”” text_shadow=”no” text_shadow_vertical=”” text_shadow_horizontal=”” text_shadow_blur=”0″ text_shadow_color=”” text_stroke=”no” text_stroke_size=”1″ text_stroke_color=”” text_overflow=”none” margin_top_medium=”” margin_right_medium=”” margin_bottom_medium=”” margin_left_medium=”” margin_top_small=”” margin_right_small=”” margin_bottom_small=”” margin_left_small=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” margin_top_mobile=”” margin_bottom_mobile=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ highlight_color=”” style_type=”none” sep_color=”” link_color=”” link_hover_color=”” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=””]Wes Gray[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”600″ font_size=”26px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]Co-founder[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” 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After serving in the United States Marine Corps, Dr. Gray earned a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. His desire to bridge the gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to empowering investors through education. He is a regular contributor to several industry publications and speaker to professional investors across the country. Dr. Gray has published multiple academic articles and books, including the co-authored books Quantitative Value and Quantitative Momentum.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
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Raymond Micaletti
[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”0″ margin_right=”” margin_bottom=”0″ margin_left=”” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”600″ font_size=”26px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]
CIO & Co-founder
[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-color1)” animation_type=”” animation_direction=”left” animation_color=”” animation_speed=”0.3″ animation_delay=”0″ animation_offset=”” logics=””]Raymond Micaletti is the co-founder and CIO of Relative Sentiment Technologies, LLC. He has over 20 years’ experience at major investment banks (JPMorgan, Barclays), hedge funds (Fortress Investment Group), and asset management firms where his primary focus has been on the research, development, and management of systematic investment strategies. In 2018, he laid the groundwork for RST by publishing a paper on a new method for tactical asset allocation using relative sentiment–an active topic on which he continues to research and publish. A native of western Pennsylvania, Ray holds a B.S. in civil engineering from the University of Notre Dame and a Ph.D. in engineering mechanics from Princeton University.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]