The Firm

Kanundrum Research was founded on the belief that game changing events begin as “noise” and grow exponentially in the light of investor perception. Put another way, the market conundrum is that perception is reality.

The concept of small changes in initial conditions leading to large changes in outcome is at the heart of Chaos Theory. While we are not quant traders or researchers, we do believe chaos theory presents the best set of tools when trying to decipher market movement.

The financial markets reflect investor perception of reality. Simply put, investing requires one to make a judgment about the future with imperfect information. This action, by definition, requires investors to act on their perception of reality.

Reality or “truth” in the financial markets has an ever changing definition that is dependent on the market’s perception of new information. When new information is uncovered that renders the old paradigm flawed only a savvy few recognize the game changing nature of this “noise”. As more investors begin to understand the significance of the new information they flock to the financial markets in successive waves to place bets on the new reality.

Our goal at Kanundrum Research is to identify not only the noise but also the perceptive light that will foster exponential growth.

Kanundrum Research is a private investment company and global macro research boutique that provides financial market research to instividual and institutional investors. We focus on providing research and trading ideas in the global financial markets including US equities, currencies, metals, energy, fixed income and commodities.

The firm was founded by Brian Kelly a global macro trader and researcher.

About Brian Kelly

Brian Kelly is Founder and CEO of Kanundrum Inc. a private investment company and research boutique. He has 15 years experience in trading and investing.

He is a frequent guest on CNBC and was a co-founder of MKM Partners.

He received his BS in Finance from the University of Vermont, while also being able “squeeze-in” at least 3 days of skiing per week. After a year in the real world, making cold calls as a retail stockbroker, he decided to retreat to the safety of academia and received his MBA from Babson Graduate School of Business.

Then back to the real world again, where he spent the next 10 years trading equities for pension funds, mutual funds and hedge funds. He specialized in risk arbitrage, pairs trading and relative value strategies.

Prior to founding Kanundrum Research, Brian was a co-founder of MKM Partners, a brokerage firm that catered to the institutional equity trading community.

He is the author of the investment book “Blowing Bubbles: How to Identify and Profit From Market Bubbles.” He is a contributor to Business Week – Exchange, FT – Alphaville, Seeking Alpha, and Daily Markets.

What the future holds is unknowable, but hopefully he will still be able to “squeeze-in” some time on the slopes.