Net zero arbitrage is large, but no one-way bet
If macro investing has one signature strategy, it is exploiting the arbitrage between unsustainable policy and irresistible reality. The biggest disconnect today is the gap between the ambition of...
The case for a career in bond investing
Last week, I was tasked with convincing a class of brilliant young MBA students at one of Europe’s leading business schools that they should consider a career in bond investing. It was not an easy...