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09 June 2023 Economics & Growth | Global | Other | US

Ep. 167: Alberto Gallo on Investor Complacency, Crisis Risks and Fed’s Dilemma

Bilal Hafeez

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.

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(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.)

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