What Marko Kolanovic Is Looking at Now
The head of macro quant research at JPMorgan Chase says that computerized liquidity, algo trading and passive investing could go wrong someday.
People pay attention to Marko Kolanovic. The global head of macro quantitative and derivatives research at JPMorgan Chase & Co. has gained a following for his forecasts about whether systematic investing approaches such as risk-parity strategies, volatility-targeting funds, and commodity-trading advisers will be buying or selling.
Kolanovic, 43, is widely credited with market-moving pronouncements. On Oct. 12, for instance, he reported that systematic selling was 70 percent done after a big U.S. stock drawdown. A few minutes after that note landed, the S&P 500 rallied. His most famous moment might have been in the August-September 2015 tumult induced by China. Several of his market-direction predictions came to pass, both upward and downward. His star, in fact, has reached such heights that CNBC sometimes identifies him in its chyron as “Half-Man, Half-God.”