Welton Investment Partners is pleased to share that our Founder and Chief Investment Officer, Patrick Welton, was recently featured on RCM Alternatives’ acclaimed podcast, The Derivative, in an episode titled, “The Doctor Who Traded Pork Bellies: Patrick Welton’s Journey from Stanford Oncologist to One of Trend Following’s Quiet Legends.”
Welton Investment Partners is pleased to share that our Founder and Chief Investment Officer, Patrick Welton, was recently featured on RCM Alternatives’ acclaimed podcast, The Derivative, in an episode titled, “The Doctor Who Traded Pork Bellies: Patrick Welton’s Journey from Stanford Oncologist to One of Trend Following’s Quiet Legends.”
Hosted by Jeff Malec, the conversation explores Patrick’s remarkable career path—from medical training at Stanford and a career in oncology to becoming one of the early innovators in systematic investing and trend following. The episode offers a rare, personal look at the experiences and ideas that helped shape both Patrick’s investment philosophy and the firm he co-founded nearly four decades ago.
Throughout the discussion, Patrick reflects on his earliest days trading futures markets to help fund his education, the lessons learned from navigating multiple market cycles, and the evolution of quantitative investing over the past several decades. What began as an intellectual curiosity ultimately developed into a lifelong pursuit of building disciplined, research-driven investment strategies designed to adapt to changing market environments.
The episode also examines the origins of Welton Investment Partners, which Patrick co-founded in 1988, and the principles that continue to guide the firm’s approach today: rigorous research, systematic decision-making, thoughtful risk management, and a commitment to delivering diversified sources of return for institutional investors.
Listeners will hear Patrick discuss:
- How his scientific and medical background influenced his approach to investing.
- The early futures markets that sparked his interest in systematic trading.
- The development of trend-following and quantitative investment strategies over time.
- Key lessons learned from decades of market experience.
- Why diversification and disciplined portfolio construction remain essential in today’s investment landscape.
For those interested in the history of systematic investing—and the mindset required to navigate uncertainty with discipline—the episode provides a fascinating look at the journey behind one of the industry’s longest-standing quantitative investment firms.
We thank Jeff Malec and the RCM Alternatives team for the opportunity to share Patrick’s story and discuss the evolution of systematic investing.
Podcasts and transcript available here:
