Boris Vladimirov on Inflation Permanence, European Banks and BRICS Outlook
Macro Hive Conversations With Bilal Hafeez
Release Date: 04/16/2021
Ep. 336: David Dredge on Sharpe Ratio Fallacy, Capturing Upside and Managing Uncertainty
Macro Hive Conversations With Bilal Hafeez
David Dredge is the Chief Investment Officer of Convex Strategies, which is an agnostic value investor in volatility. David has over 30 years’ experience managing risk across global markets. Prior to launching Convex Strategies, David served as a Managing Director and Portfolio Manager at Artradis Fund Management in Singapore, where he was responsible for the fixed income aspects of their volatility strategy. Earlier in his career, David built and ran Asian and Global EM trading businesses for RBS (ABN AMRO Group), Bankers Trust, and Bank of America. He currently sits on the Monetary...
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Ep. 335: Marc Rubinstein on AI Bubble, Private Credit, Jane Street Rise
Macro Hive Conversations With Bilal Hafeez
Marc Rubinstein is author of Net Interest – a leading weekly newsletter on the world of finance. Before this, Marc spent ten years at leading hedge fund Lansdowne Partners, where he was a partner and portfolio manager. This was after he spent time on the sell-side working for Barclays Investment Bank (BZW), Schroders and then Credit Suisse, where he was head of the European banks research team. In this podcast we discuss:. AI bubble historical analogies 1907 crisis and non-bank growth Private credit risks Fraud cycles and market corrections Jane...
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Ep. 334: Mark Farrington on Dollar Dominance, China’s Gold Play and Crisis Catalysts
Macro Hive Conversations With Bilal Hafeez
Mark Farrington is a Global Macro and Geopolitical Strategist and author of the 'Watchtower Reports,' which cover topics ranging from geopolitical risk to Bank of Japan monetary policy to US dollar dynamics. He previously served as Managing Director and Portfolio Manager of the Macro Currency Group at Principal Global Investors, where he worked for fifteen years. Before that, he spent 17 years in the Asia-Pacific region, primarily with Bankers Trust. In this podcast, we discuss: US Embrace of Industrial Policy and Self-Sufficiency China's Supply Chain Strategy and Retaliation: Barriers to RMB...
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Ep. 333: David Samra on Value Investing, AI Returns, and Bad Management Teams
Macro Hive Conversations With Bilal Hafeez
David Samra is a managing director of Artisan Partners – the $180bn global multi-asset investment platform. He is founding partner of the International Value Group, and portfolio manager of the Artisan International Value Fund, which he has managed since the portfolio’s inception in September 2002. David has been nominated for the Morningstar International Stock Fund Manager of the Year Award six times. In this podcast, we discuss: Economic Value Added (EVA) and what makes a good business versus a bad business ...
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Ep. 332: Miguel Gutierrez on Argentina's Transformation, Latin American Opportunities, and Private Market Arbitrage.
Macro Hive Conversations With Bilal Hafeez
Miguel Gutiérrez is a Partner and Head of Private Markets, at The Rohatyn Group (TRG) - a global asset manager that specialises in emerging markets and real assets. Prior to joining TRG in October 2004, Miguel served as the Chairman and CEO of the Telefónica Group in Argentina and Chairman of Grupo Concesionario del Oeste S.A. He also served as the non-executive Chairman of YPF S.A. from April 2016 to December 2019. Earlier in his career, Miguel held numerous senior positions at J.P. Morgan, including Head of Global Emerging Markets Sales, Trading, and Research. In this podcast, we...
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Ep. 331: Gordon Hanson on US Manufacturing Fetishisation, Job Loss, and the Middle Class
Macro Hive Conversations With Bilal Hafeez
Gordon Hanson is the Peter Wertheim Professor in Urban Policy at Harvard Kennedy School and Academic Dean for Strategy and Engagement at Harvard Kennedy School. He is best known for his research on the labour market consequences of globalisation, including pioneering work on the China trade shock. Hanson’s current research addresses the causes and consequences of regional job loss, the effectiveness of place-based policies in alleviating regional economic distress, and how the energy transition will affect local labour markets. This work is part of the Reimagining the Economy project at the...
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Ep. 330: Paul Cavey on US-China Trade War, Japan Politics and Taiwan Imbalances
Macro Hive Conversations With Bilal Hafeez
Paul Cavey is a China-focused Asia economist with twenty-five years of experience covering the region. He runs East Asia Econ. Previously, he was a macro strategist in the global bond team at Wellington Management, head of China economics at Macquarie Securities and chief China economist at the Economist Intelligence Unit. In this podcast we discuss US-Chine trade war escalation, state of China’s economy and Japanification, PBoC’s next move, and much more. Follow us here for more amazing insights:
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Ep. 329: Shiloh Bates on CLO Risks, Private Credit and Macro Read-Through
Macro Hive Conversations With Bilal Hafeez
Shiloh Bates is a Partner and Chief Investment Officer. Prior to that, he was a Managing Director at Benefit Street Partners. During his 20-year career, Mr. Bates has worked for several CLO managers and has been one of the largest investors in CLO securities. He wrote the book, CLO Investing with a focus on CLO Equity and BB Notes. He is also the host of the CLO Investor Podcast. In this podcast we discuss private credit boom, growth in covenant-lite loans, industry concentration in CLOs, and much more. Follow us here for more amazing insights:
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Ep. 328: Diane Coyle on GDP, Digital Gaps and Invisible AI Economy
Macro Hive Conversations With Bilal Hafeez
Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She is the Research Director at the Bennett School of Public Policy. Diane’s latest book is 'The Measure of Progress: Counting What Really Matters’. Her own research focuses on productivity, the digital economy and AI policy, and economic measurement. She has been writing about the effects of digital technologies since her first book, ‘The Weightless World’, in 1997. Diane is currently a member of the UK Government’s Industrial Strategy Council, the New Towns Taskforce, and advises the...
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Ep. 327: Ryan Hass on China’s Patient Power Play, and US-China Relations
Macro Hive Conversations With Bilal Hafeez
Ryan Hass is director of the John L. Thornton China Center and the Chen-Fu and Cecilia Yen Koo Chair in Taiwan Studies at Brookings. He is also a senior fellow in the Center for Asia Policy Studies. Ryan focuses his research and analysis on enhancing policy development on the pressing political, economic, and security challenges facing the United States in East Asia. Before Brookings, Ryan served as the director for China, Taiwan and Mongolia at the National Security Council (NSC) staff. Prior to joining the NSC, Ryan served as a Foreign Service Officer in US Embassy Beijing. Ryan is the...
info_outlineThis episode is supported by private equity platform Moonfare.
Boris focuses on global macro and EM. He is a managing director at Goldman Sachs. Before GS, he was partner and portfolio manager at Rokos Capital Management, Fortress and Brevan Howard. Boris started his career on the sell-side which included working at UBS and Dresdner. In this podcast, we discuss:
- Inflation outlook – the Europe surprise – inflation persistence.
- Will fiscal spending crowd out private spending?
- The best Europe trade.
- Which yields matter for EM.
- How important is China’s deleveraging goals?
- Where next for Chinese currency and bonds?
- Outlook for BRICS countries and which markets to buy.
- Machine learning vs regressions.
- Books that influenced Boris: Twenty-Eight Years In Wall Street (Clews), Economic Interdependence and War (Copeland), The Ashtray (Morris) and Twelve Virtues of Rationality (Yudkowsky).
- Current market views on bonds and equities.