47 min listen
Eric Peters, Founder and CIO, One River Asset Management
FromAlpha Exchange
ratings:
Length:
27 minutes
Released:
Apr 1, 2020
Format:
Podcast episode
Description
Our crisis series within the Alpha Exchange podcast continues and it was my pleasure to solicit the insights of Eric Peters, the founder and CIO of One River Asset Management. To be sure, this isn’t Eric’s first experience managing capital through a crisis, but in his words, “this is a unique one…amplified by a whole range of things including big flows into vol selling programs.” Seven percent return hurdles for pension plans, very low rates and the longest continuous economic expansion on record have all been complicit in a setup that was increasingly vulnerable. In Eric’s rendering, this is a much more concerning shock than the GFC given the global nature of the economic sudden stop. We talk as well about the liquidation dynamics that emerged in the Treasury market and risk taking going forward in an environment in which the entirety of the yield curve may be pulled lower still. Thank you for listening and please be well.
Released:
Apr 1, 2020
Format:
Podcast episode
Titles in the series (100)
James Grant, Founder of Grant’s Interest Rate Observer: A gunner’s mate in the Navy and a graduate of Indiana University, Jim Grant ventured to the financial desk at the Baltimore Sun in the early 1970’s. He joined Barron’s in 1975 before launching his firm in 1983. For more than 3 decades, Grant’s Interest Rate observer has twice monthly landed on the desk top of its readers, providing analysis that is deeply insightful, often skeptical and written in Jim’s uniquely compelling writing style. My conversation with Jim covers the bad old inflation days of the early 1980’s and the courage of Paul Volcker, the many lessons learned through risk cycles, negative interest rates and his view on the damage done to the price discovery process wrought by the interventionist activities of the modern Central Banker. Jim even shares his views on the National Weather Service in the course of our excellent discussion. Gold enthusiast, Fed critic, entrepreneur, accomplished author and father of 4, by Alpha Exchange