Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. Read More...
Erik Townsend welcomes Francesco Filia to MacroVoices. Erik and Francesco discuss:
Measuring the equity bubble
Measuring the bond bubble
What could be the catalyst be for the reversal?
Fake market narrative
Chasing narratives and global growth
Positive feedback loops
ETFs and their impact on the markets
Systemic risks from funds not just banks
Considerations on European junk bonds
S&P values vs. share buybacks
Risks to the market from the short VOL trade
SPECIAL POSTGAME GUEST: The Macro Tourist Kevin Muir discussing bonds, inflation and the coming collapse of the short VIX trade.
We strongly recommend that you download thechart book that accompanies this interview, and Erik and Francesco will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.
Francesco heads all portfolio management and research related activities at Fasanara. He also spearheads the identification and implementation of all relevant portfolio tail hedging strategies.
Prior to co-founding Fasanara, Francesco was Managing Director and EMEA Head of the MidCaps & Principal Investors group at Bank of America Merrill Lynch. In his role, Francesco directed Bank of America Merrill Lynch operations across Europe, Middle East and Africa with responsibilities on multi- strategy, multi-assets portfolio solutions.
Prior to joining Merrill Lynch in 2000, Francesco was a research analyst at JP Morgan Securities where he published several research white papers covering areas such as derivatives modeling and fixed income / volatility strategies. Francesco is a graduate of Bocconi University in Milan and a scholar of Erasmus Universiteit Rotterdam.
MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Nathan Egger shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.