Maya A.Z. Rodriguez (Managing Partner, AZR Capital Ltd)
Financial historian Charles P. Kindleberger was clear in his conclusions after analysing multiple centuries of financial market bubbles. Bubbles are always built upon 3 or 4 key foundations (including cheap money), are always accompanied by a strong narrative and always come to an end when that cheap money is removed. In this speech Longview will outline how and where that bubble has been building and why, in their view, the deterioration has already begun.
Chris Watling (CEO & Chief Market Strategist, Longview Economics)
1. Anthony Limbrick (Head of Quantitative Research, Principal & Portfolio Manager, 36 South Capital Advisors)
Subject: The ETF environment, secondary market liquidity and the gap risk premium
2. David Dredge (Chief Investment Officer, Convex Strategies, City Financial Investment Company)
Subject: The increasing complexity within the structured product markets
• How can investors construct an efficient tail hedge today?
• Is there too much focus on the VIX index? Should we be looking at longer term volatility? What about volatility in other asset classes?
• Is the cost of certainty today cheap or expensive?
Manager: Anthony Limbrick (Head of Quantitative Research, 36 South Capital Advisors)
Manager: David Dredge (CIO, Convex Strategies, City Financial Investment Company)
Investor: Roger Hilty (Partner, LGT Capital Partners Ltd)
Investor/Moderator : Christoph Gort, PhD (Partner, SIGLO Capital Advisors)
Pierre de Saab (Partner, Dominicé & Co - Asset Management)
Subject : February 5th revisited: can volatility products, risk premia and other quantitative strategies trigger another volatility spike?
• The rotation from active to passive management has reduced the ability of the market to prevent and navigate large drawdowns. Total ETFs are now at a record $5 trillion versus $0.8 trillion in 08 and are now 45% of global equity AUM.
• Are flash crashes exposing the issues in the current state of market and is high-frequency trading contributing to market fragility?
Interviewer: Chris Watling (CEO & Chief Market Strategist, Longview Economics)
Manager: Pierre de Saab (Partner, Dominicé & Co - Asset Management)
