Asset Allocationsee more…

  1. Bilal’s Macroscope: The Private Equity Party Is Over

    Bilal Hafeez, Viresh Kanabar

    Summary Private Equity (PE) exits in the US fell 26% last year, resulting in a collapse in distributions paid to investors. Despite this, SWFs, Endowments, and other LPs continue to suggest increasing allocations to PE in the coming years. PE managed to immunise their PortCos against higher rates, but PE returns have underperformed public market […]

  2. Ep. 177: Denise Shull on Emotions as a Dataset and Avoiding Investment Mistakes [Replay]

    Bilal Hafeez

    Denise Shull is the Founder and CEO of ReThink. In that role, she uses neuroscience and modern psychoanalysis to help clients become successful in investing, trading, and leading teams.

  3. Is the S&P 500 A Good Investment? How To Invest in SPX

    Matthew Tibble

    We evaluate the latest S&P 500 trends and market drivers by considering all the relevant factors and risks to answer the question: Is S&P 500 a good investment now?

  1. Ep. 163: Gavyn Davies on Inflation, Asset Allocation and ChatGPT

    Bilal Hafeez

    Gavyn is a Founder and the Chairman of Fulcrum – a $5bn independent asset management firm. Prior to Fulcrum, Gavyn was Chairman of the BBC from 2001. He joined Goldman Sachs in 1986 and became Partner in 1988 when he also became the Chief Economist as well as Chairman of the Research Department until he left in 2001.

  2. Ep. 161: Zar Amrolia on Reinventing Trading

    Bilal Hafeez

    Zar Amrolia was recently the co-Chief of XTX Markets – one of the top algorithmic trading companies in the world. Before XTX, Zar was Co-Head of Fixed Income, Currencies and Commodities at Deutsche Bank and a Partner at Goldman Sachs.

  3. Ep. 160: Ken Tropin on How to Run a Successful Macro Hedge Fund

    Bilal Hafeez

    Ken Tropin is a legend in the macro space. He is the Chairman and the founder of Graham Capital Management (GCM) - $18bn fund. Ken founded GCM in 1994 and over the last 28 years has grown the firm into an industry leading alternative investment manager focusing on global macro discretionary and quantitative hedge fund strategies.

Ep. 158: Peter Spiller on Value Investing, Navigating Inflation and Delivering 15% Annual Returns 

Bilal Hafeez

Peter Spiller is the one of the most respected value investors in markets. He is the Founder and CIO of boutique investment house CG Asset Management. Prior to founding CGAM in 2000, Peter was a partner and strategy director at Cazenove & Co Capital Management and a US equity investor at Capel Cure & Myers.

Ep. 157: Geoff Rubin on 60:40 Portfolios, Endowment Model and Re-Thinking Risk 

Bilal Hafeez

Geoff Rubin is Senior Managing Director and Chief Investment Strategist at CPP Investments. The Canadian Pension Plan is one of the world’s leading pension managers with over $530bn in assets.

  1. Ep. 156: Jim Leitner on Creating a Macro Edge, Trading Options and Carry Trades

    Bilal Hafeez

    Jim Leitner serves as President of Falcon Management Corporation and CIO of Falcon Family L.P. a family office. Previously, he worked as a foreign exchange trader at Morgan Guaranty...

  2. Why Investors Should Not Ignore US Data

    Sam van de Schootbrugge

    A new NBER working paper investigates the correlation between US macroeconomic data releases and foreign stock markets.

  3. Ep. 153: Mustafa Chowdhury on Mortgage Risks, Fed Shocks and Derivatives

    Bilal Hafeez

    Mustafa is a rates guru and member of the research team at Macro Hive. Before this, Mustafa was the Head of Rates, FX, and Derivatives at Voya Investments, where he helped manage $40 billion of assets.

Ep. 150: Richard Oldfield on Value Investing, Warren Buffet and Elon Musk

Bilal Hafeez

Richard founded Oldfield Partners in 2004.The firm is a value-style asset management firm with over $4bn in assets under management.

Ep. 141: David Rubenstein on How to Invest Like Superstar Investors 

Bilal Hafeez

David Rubenstein is Co-Founder and Co-Chairman of the Carlyle Group – one of the largest private equity firms in the world. Prior to forming Carlyle in 1987...

  1. Farmland: Another Alternative Asset

    Richard Jones

    Farmland is increasingly becoming a focus for market participants as alternative assets feature more prominently in investment portfolios.

  2. Asset Allocation Update: Interest Rate Shock Not Ending

    Bilal Hafeez

    We continue to advocate our ‘everything breaks’ portfolio. The core rationale is that we are entering a new regime of higher interest rates – something investors have not faced for a decade.

  3. Ep. 133: Dave Newman on Hedge Fund Success, Investment Banking Lessons and Writing Daily  

    Bilal Hafeez

    Dave is President and CIO of KC3 Capital Management. Before that, he was Head of Macro Trading NY at Moore Capital...

Asset Allocation Update: The ‘Everything Breaks’ Portfolio

Bilal Hafeez

When markets go through regime changes, you need to throw out the conventional ways of investing. Take a common approach – business cycle investing.

Ep. 129: Artem Milinchuk on Alternative Assets, Farmland and Inflation Hedges 

Bilal Hafeez

Artem has over 10 years of finance experience in food, agriculture, and farmland. He holds an MBA from The Wharton School, and a BA and MA in Economics from the Higher School of Economics.

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