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Tian Yang

Head of Research / CEO at Variant Perception

Tian Yang is the Chief Executive Officer and Head of Research at Variant Perception, a macroeconomic research firm catering to hedge funds, banks, and family offices.13 Here are some key details about his background and career:

Education and Early Career

Tian attended the University of Cambridge, where he earned a BA (Hons) in Economics from 2007 to 2010.3 During his time at Cambridge, he was a recipient of the Trinity College Scholarship Award from 2008-2010.1 He had initially intended to become an economics professor but was drawn to finance after winning various competitions set up by large investment banks in his first two years at university.2

Professional Experience

Bank of America Merrill Lynch: Tian began his career at Bank of America Merrill Lynch, where he worked as an equity derivatives trader.1 He was jointly responsible for building out the delta one global index business.1 His tenure at the bank lasted from June 2010 to April 2014.3

Variant Perception: Tian joined Variant Perception in May 2014 as a Research Analyst.3 He quickly rose through the ranks:

  • Promoted to Head of Research in May 20163
  • Appointed Chief Executive Officer in July 20213

Expertise and Approach

At Variant Perception, Tian focuses on using proprietary leading indicators to generate actionable (and often contrarian) investment ideas.1 He is known for combining quantitative and fundamental analysis, following what he calls a "quantamental" strategy.2 Tian views the world through three time horizons:

  1. Structural Indicators (2-3 years+)
  2. Business Cycle (6-12 months)
  3. Tactical Indicators (days to weeks)2

He is particularly interested in the capital cycle theory and applies it to various sectors using quantitative approaches.2

Public Presence

Tian frequently appears as a guest on financial podcasts and programs, discussing macroeconomic trends, market outlooks, and investment strategies.45 He is known for his insights on topics such as inflation, recession risks, and global economic cycles.

Highlights

Jul 11 · macrovoices.com
Tian Yang: Left & Right Tails - Macro Voices
Jul 11 · youtube.com
MacroVoices #436 Tian Yang: Left & Right Tails - YouTube
MacroVoices #436 Tian Yang: Left & Right Tails - YouTube
May 18 · youtube.com
MacroVoices #376 Tian Yang: When the Recession Becomes Obvious
MacroVoices #376 Tian Yang: When the Recession Becomes Obvious

Related Questions

What are Tian Yang's key achievements since becoming CEO of Variant Perception?
How does Tian Yang's background in economics influence his investment strategies?
What makes Variant Perception's quantamental approach unique?
How did Tian Yang's experience at Bank of America Merrill Lynch shape his career?
What are the main themes in Tian Yang's presentation on Reduced Left and Right Tail Risk?
Tian Yang
Tian Yang, photo 1
Tian Yang, photo 2
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Location

United Kingdom