The Relative Sentiment Tactical Allocation ETF is an actively managed product that systematically invests in equities, bonds and gold based on an ensemble of relative sentiment indicators. The fund's subadvisor (Relative Sentiment Technologies, LLC) uses both public and third-party data sources along with both published and proprietary algorithms to quantify the relative sentiment between institutions and individuals. It then uses those quantifications to adjust the fund's asset allocations accordingly–taking more exposure to an asset class when institutions increase their relative bullishness, and less otherwise.
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.
Wes Gray is the founder and CEO of Alpha Architect. 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.
George T. Patton
George T. Patton
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.
Dave Babulak is a Palo Alto-based investor and advisor to innovative financial firms including Robinhood and Alpha Architect. 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.
Brit Yonge is an Operating Partner of Corsair Buyouts where his focus is on investment diligence and portfolio company initiatives. 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.