65: Karen Karniol-Tambour, Co-Chief Investment Officer for Sustainability at Bridgewater, the $160 Billion Hedge Fund, on Today’s Economic Landscape

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 19 May 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ray Dalio has described today’s guest, “as a vacuum cleaner of learning”, and in this episode Karen Karniol-Tambour exhibits a formidable grasp of the challenges of today’s investing environment.

The conversation begins with a review of the current monetary challenge facing the Fed and leads into the dilemma for investors weaned on variations of the 60/40 benchmark.

She explains Bridgewater’s enthusiasm for inflation protection, for owning important exposure to broad commodities, through to the role gold should play. At the same time she explains succinctly why US equities might be the worst performing asset class in the decade ahead.

She discusses why currencies could be an important source of return in a world of lacklustre performance, in a re-visit of the 1970s and 1980s.

Karen finally explains how Bridgewater think about the systematic and fundamental way of approaching sustainable investing, as well as the sustainable fund that they have developed.

The Money Maze Podcast is sponsored by Schroders, Bremont Watches and LiveTrade.

Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management.

Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch.

LiveTrade has changed the way fine wine is bought and sold worldwide. You can instantly buy and sell - or place bids and offers on - key wines from Bordeaux, Champagne, Italy and other world regions.

Transcript

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0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business.
0:19.2	We hope through direct and insightful interviews with
0:22.2	masters of the real-life money maze, we're going to learn about different approaches to allocating
0:27.1	capital, making investment and business decisions, and navigating the pitfalls that lie in the paths to
0:33.4	prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student
0:39.7	exploring career options, we hope you gain some helpful insights and enjoy the shows. You can keep
0:45.6	up to date by visiting Moneymayspodcast.com and please sign up to our newsletter to ensure you
0:51.2	won't miss a release. If you enjoy this show, please subscribe and we'd love
0:55.4	you to tell a friend or colleague about it. Thank you for listening. We're delighted to have
1:02.5	Schroeder's as a sponsor and corporate partner. Shroder's is a global investment and wealth
1:07.7	manager with a purpose to provide excellent performance to clients through
1:11.7	active investment management. By serving institutions and individuals worldwide, Schroeder serves
1:18.5	wider society. Channeling capital into sustainable and durable businesses accelerates
1:24.3	positive change in the world. Funding the future is a privilege. Schroeder use it
1:29.6	wisely and responsibly. As we know, capital is at risk with investing.
1:35.6	Vermont is also a sponsor of the Money Maze podcast. Bramont is an award-winning British company
1:41.3	that produces beautifully engineered chronometers designed to appeal to
1:46.0	those who share the passion and appreciation of the innovation and mastery behind a beautiful
1:51.0	mechanical wristwatch. Brought to you by the luxury British watchmaker, Vermont.
1:58.8	If Ray Dalio describes you as a vacuum cleaner of learning, you might pause to decipher its
2:05.6	implications. When you discover that this individual's rapid career ascent has taken her to become
2:11.3	co-head of sustainable investing and partner at Bridgewater, one of the world's largest hedge funds
	...

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