Economics & Growth | Global | Other | US
Ep. 167: Alberto Gallo on Investor Complacency, Crisis Risks and Fed’s Dilemma
- By Bilal Hafeez
- 1 min read
Alberto Gallo is Chief Investment Officer and Co-founder at Andromeda Capital Management. Prior to that, Alberto initiated and ran the Global Credit Opportunities fund at Algebris Investments. Previously, he ran macro credit research at RBS in London, and served in senior research roles at Goldman Sachs in New York, Bear Stearns in New York and London and Merrill Lynch in London. In this podcast we discuss:
- Transition from sell-side to buy-side
- Creating an edge in investing
- Why haven’t we seen more crises so far?
- Strength in US economy
- Fed could hike to 6%
- Comparison of Fed, ECB and BoE
- Why long-term yields could rise more
- Fragility of private markets
- Default rates starting to rise
- Finding value in European markets
- Watching risks in Softbank and REITs
- The problem with EM: Brazil, Egypt, Turkey
- Which markets are too expensive
- Politics of QE
- Books mentioned: The Odyssey (Homer), The Open Society and Its Enemies (Popper) and Antifragile (Taleb)
You can follow Alberto’s work 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.)