A Conversation With Ardea Investment Management

 
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Join InvestSense Director Jonathan Ramsay and Gopi Karunakaran in this podcast as they discuss:

  • Why Ardea reduced risk in portfolios. Shouldn’t they be making hay while they are outperforming as they have in recent weeks?

  • How are bond markets functioning - the unvarnished version? Here's a clue - it’s got a lot to do with liquidity.

  • What are central banks doing to provide short-term liquidity and stabilise long term borrowing cost?

  • Can they improve liquidity enough and heal debt markets? When will we know if it’s working?

  • High yield spreads (what its costs for risky companies to borrow) is often seen as a barometer of stress but why do spreads for very high-quality debt often blow out by more than expected in the early stages of a crisis (as they have recently)?

  • What else we should we monitor if we want to detect early signs off stress in bond markets? Here’s another spoiler - it’s not what people were tracking in the GFC and there is a good reason for that.

 
Jonathan Ramsay