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Real Vision: Finance & Investing

How Will Hedge Funds Adjust to Tighter Monetary Policy?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 19 February 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

Christian Alexander of Macro Link is one of the best-connected insiders in the hedge fund industry -- a "Jerry Maguire" figure with a broad and deep list of contacts. Three years ago, he spoke with Roger Hirst about the future of the industry, when "easy money" was the dominant regime. And, in November, he shared his thoughts on inflation with Maggie Lake, before wholesale and consumer prices spiked to multi-decade highs. Chris joins Maggie for today’s Real Vision Daily Briefing to update his thesis on hedge funds’ future as the Federal Reserve prepares to launch its first rate-hiking cycle since 2015-18. How will hedge funds adjust to the new reality? And what's Chris hearing from hedge-fund insiders about inflation, markets, specific assets, and the economy? Drop your questions for Chris on the Exchange: https://rvtv.io/3H0f611 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:35.5

Hi there and welcome to the Real Vision Daily Briefing. It's Friday, February 18th, 2022.

0:40.8

I'm Maggie Lake here with Christian Alexander of macro link. Hi, Christian. It's great to see you again.

0:46.1

Likewise, how are you? I'm doing okay. I'm doing okay considering what's been going on.

0:50.2

It's been kind of brutal to watch the action in the equity market over the last couple of weeks.

0:55.2

And we saw selling off into the close once again, heading into what's a long holiday we can hear in the US.

1:01.6

The S&P looks like it's going to settle down about three quarters of a percent.

1:07.1

The NASDAQ off 1.23 percent. We saw the 10-year kind of hovering about 1.92 and crypto down as well.

1:18.2

You know, it's so great to have you here on a Friday. We've seen so much volatility, Christian.

1:23.0

And I know you talk to through your work, the biggest names in the hedge fund universe all the time.

1:29.0

What's top of mind for managers as they kind of sift through what's been a really volatile start to the year?

1:35.5

You know, I think it's interesting. You know, in this space where I, you know, exist,

1:41.2

it had seemed to me that, you know, typically market volatility and or especially markets selling off

1:48.0

does not lead to increased interest in hiring people. And so what has been particularly counter-cyclical

1:53.8

is that the headhunting space is really picked up. It's usually busy in December and January.

1:59.7

It was dead in December and January. And then all of a sudden in February, things have really

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