Ep. 75: Alberto Gallo on China Risks, Corporate Inequality and Accelerated History

Alberto is Head of Global Credit strategies and Portfolio Manager of the Algebris Global Credit Opportunities fund, a global strategy investing in bonds, credit and equities. Prior to Algebris, Alberto was Managing Director and Head of Global Macro Credit Research at RBS (2011-2016). His team was top ranked in Institutional Investor’s All-Europe Fixed Income survey for Investment Grade, High Yield Research and Fixed Income Strategy, for four years running. Previously, Alberto was a macro strategist at Goldman Sachs in New York (2007-2011) and previously he was at Bear Stearns and Merrill Lynch in London (2004-2007), where he co-authored some of the early research on the credit derivatives market. In this podcast we discuss:

1. The challenge to neo-liberal capitalism 
2. Biden’s push for infrastructure and future trade policy 
3. China’s paradox markets vs centralisation 
4. COVID accelerated history 
5. Corporate inequality 
6. The effects of QE infinity 
7. The barbell approach to investing in a low yield world 
8. Favoured sectors 
9. Europe vs US equity allocations 
10. Why EM risks are high 
11. Inflation persistence 
12. Lessons learned as an investor 
13. Books that influenced Alberto: In Defence of Open Society (Soros), The Logic of Scientific Discovery (Popper), The Myth of Capitalism (Tepper), The Hidden Wealth of Nations (Zucman et al), Geopolitical Alpha (Papic), Homo Deus (Harari) and Brave New World (Huxley) 

You can follow Alberto’s analysis here and follow him on Twitter 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.)