Ep. 183: Jason Halliwell on Value Investing, Systematic Macro and Carry

This episode is sponsored by Masterworks

Jason Halliwell is the head of GMO’s Systematic Global Macro team and a partner of the firm. GMO is a leading value-oriented asset manager with $60bn under management. Jason joined GMO in September 1999 from Westpac Investment Management where he spent three years in research and development of quantitative tactical asset allocation methods. In the podcast, we talk about: 

• Why systematic works in macro 
• How to think about value investing 
• The earnings problem of growth stocks 
• Equity views 
• What drives bond valuations 
• Inflation trends 
• Bond outlook 
• Short-term technical indicators 
• Analyst expectations 
• Knowing when to refine models.  
• Machine learning in investment process 
• Carry trades 
• Lessons for systematic investing.  
• Books mentioned: Valuing Wall Street (Smithers, Wright)  

You can follow Jason and the GMO team’s work 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.)