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Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. Erik and Diego discuss:

  • Contrarian investment thesis – the energy world is flat vs. the anti-bubbles
  • Concept of Anti-Bubble
  • Monetary Policies without limits, what’s next?
  • Term premia, credit risk, equity risk and liquidity premia
  • Limits of negative rates
  • Gold, treasuries and insurance
  • Balanced portfolios and portfolio construction

Download the podcast transcript: [Click Here]


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Diego Parrilla, is a Portfolio Manager at Quadriga Asset Managers, €1.8b alternative asset manager with headquarters in Madrid. Prior to joining Quadriga, Diego worked in LondonNew York, and Singapore for two decades and held senior leadership roles across macro commodity markets at JP MorganGoldman SachsMerrill LynchBlueCrest Capital and Dymon Asia, amongst others, including roles and responsibilities such as Global Head and Management Committee. In addition to his experience on the buy and sell side, Diego is co-author with Daniel Lacalle of best-selling “The Energy World is Flat: Opportunities from the End of Peak Oil” (Wiley, 2014) and sole author of “The Anti-Bubbles: Opportunities heading into Lehman Squared and Gold´s Perfect Storm” (BEP, 2017), and has collaborates selectively with the media, such as Financial Times, CNBC, CNN, Bloomberg TV, Real Vision TV, or El Mundo, amongst others. Diego holds MS Mineral Economics from the Colorado School of Mines, MS Petroleum Economics and Management by the French Institute of Petroleum in Paris, and MS Mining and Petroleum Engineering by the Madrid School of Mines. Diego is married and father of 3 children and is passionate about sports, foreign languages and cultures, and fluent in SpanishEnglish, and French and a keen student of Mandarin Chinese and Italian, amongst other languages.