We’re back with Episode 7 of the Prometheus Podcast! This recording is one of many podcasts to come, which will cover far-ranging topics in macro, markets, and investing. As always, our objective is to bring you thoughtful and actionable insights, and our conversations will always aim to be so.
Today, we have another fantastic guest for you-Andy Constan. Andy is the Founder & CIO of Damped Spring Advisors, a macroeconomic research firm specializing in Hedge Fund consulting. Andy brings a great deal of experience to the table, having worked at some of the biggest macroeconomic hedge funds- including Bridgewater & Brevan Howard. Andy has also generated some serious alpha this year, using his flow-based approach to time key inflections in asset markets— so this episode is must-listen if you’re trying to navigate today’s volatile markets.
Find the show notes below:
Mechanics (00:00-59:00): Alpha, Discretionary vs. Systematic, Risk Premiums, Idiosyncratic Volatility, Risk vs. Volatility, Flows (Gamma, Leverage, QT), QT Mechanics, Portfolio Rebalance Channel.
Macro (59:00-1:18:00): High Nominal Growth, Higher Than Expected Inflation, Higher Than Expected Terminal Rates For Longer, What Could “Break” In Markets.
Markets (1:18:00- 1:22:00): Hedging Into FOMC & Quarterly Refunding.
For more “high-frequency insights,” follow both @prometheusmacro & @dampedspring on Twitter.
If you enjoyed this episode, make sure to let us know in the comments below. Finally, if you haven’t already, don’t forget to subscribe!
Prometheus Podcast