Credit | Monetary Policy & Inflation | US
Ep. 108: Daniel Zwirn on Finding Value in the Biggest Bubble in History
- By Bilal Hafeez
- 2 min read
Dan Zwirn is the Co-Founder, CEO, and CIO of Arena Investors LP. Arena is a $3.4 billion global investment firm focusing on special situations asset and credit investments in corporates, real estate, structured finance, and corporate securities. Before founding Arena in 2015, between 2009 and 2015, Dan founded and/or led several specialty finance enterprises including Applied Data Finance (a consumer finance company), North Mill Capital (an asset-based lender), and Lantern Endowment Partners (an investment fund). In 2001, while a founder of the Special Opportunities Group at Highbridge Capital Management, Dan, along with Highbridge, co-founded D.B. Zwirn & Co., a global special situations firm, which grew into a $6 billion enterprise. In this podcast we discuss:
- The problem with niche investors
- Why global bottom-up investing works
- Understanding attachment points and understanding risk
- Examples of high return/low risk investments
- Why we are in the largest asset bubble ever
- The inflation problem
- What could end the bubble
- Parallels to the 1970s (and 1960s)
- The Fed put still surviving
- How pension funds can get better returns
- The big risks for the next 12 months
- Books that influenced Dan: Meditations (Aurelius) and Enchiridion (Epictetus).
You can learn about Dan’s framework here.
Read the full transcript here.
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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)