Ep. 118: Raymond Sagayam on the Biggest Overlooked Market Risk, Building World Class Teams, and Lessons from Bodybuilding 

Ray is the Chief Investment Officer of Fixed Income at Pictet Asset Management. He joined Pictet in 2010 as Head of Total Return Fixed Income, before becoming CIO in 2017 and an Equity Partner in 2018. Before joining Pictet, Raymond was head of dollar and euro credit investments at Swiss Re Asset Management. Before that, he worked for Bank Brussels Lambert (ING) trading US Credit. He has traded credit across all major geographies and began his career at ING Barings in Emerging Markets in 1997. Raymond holds a Bachelor’s in Economics from the London School of Economics & Political Science (LSE) and Master’s in Contemporary Theology in the Catholic Tradition from Heythrop College, University of London. On this podcast we discussed: 

1. Why investing globally gives you an edge 
2. The importance of trading across the capital structure of companies 
3. Why price matters 
4. Making illiquidity your friend 
5. What investors are currently missing – the credit cycle 
6. How to manage an investment team 
7. Nurture vs narcissism 
8. What to look for in new hires 
9. The importance of managing the exit process well 
10. When trading, knowing when to cut 
11. Understanding that it’s easier to buy and harder to sell
12. Books that influenced Ray: Brave New World (Huxley), Liar’s Poker (Lewis), The New Encyclopedia of Modern Bodybuilding (Schwarzenegger) 

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Read the full transcript here.

(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.)