Moving Markets

Amid rising market volatility and a shift beyond the dominant AI-driven rally, investor interest is turning to hedge funds. In this episode, we examine the appeal of market-neutral, Asia-focused multi-manager hedge funds and how institutional investors are incorporating them into diversified portfolios to pursue resilient outcomes.
 
William Fong, Head of Alternatives Specialists for Asia and the Middle East at Julius Baer, sits down with Angus Wai, Founder, CEO and CIO of Polymer Capital Management, to discuss the evolution of the multi-manager model, the importance of risk management, and the opportunities he sees across Asia's dynamic investment landscape.

Three themes dominated markets yesterday: earnings, AI and macro risks. Strong results boosted stocks such as Deutsche Telekom and Diageo, while disappointments weighed on several industrial and technology names. AI remained a key driver, supporting China's trade data and attracting strong demand for Alphabet's USD 25 billion bond offering. Meanwhile, Middle East tensions lifted oil prices and bond yields as investors looked ahead to today's US payrolls report for clues on Fed policy. Damian Ng, Next Generation Research, explains why success in biotechnology increasingly depends on strong innovation ecosystems. Tim Gagie, Head of FX Advisory in Geneva, discusses gold's breakout attempt, the possibility of further JPY intervention, and why expectations for USD weakness may have become overly pessimistic.

(00:00) - Introduction: Helen Freer, Product & Investment Content

(00:38) - Markets wrap-up: Mike Rauber, Product & Investment Content

(06:43) - Ecosystems in Genomics: Damien Ng, Next Generation Research

(09:12) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva

(13:44) - Closing remarks: Helen Freer, Product & Investment Content

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

With changing sentiment around Middle East tensions and a busy earnings season driving market moves, the Dow Jones recorded its fifth consecutive gain yesterday and a third straight record close. Meanwhile, the S&P 500 and the Nasdaq both slipped, with the latter weighted down by declines in SpaceX and AMD, while European equities reached a fresh all-time high. Dario Messi, Head of Fixed Income Research, joins the show to discuss expectations for the US Federal Reserve and what it means for fixed income portfolios.

(00:00) - Introduction: Roman Canziani, Head of Product & Investment Content

(00:42) - Markets wrap-up: Helen Freer, Product & Investment Content

(07:08) - Fixed income update: Dario Messi, Head of Fixed Income Research

(11:55) - Closing remarks: Roman Canziani, Head of Product & Investment Content

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Stocks are breaking records as investors double down on the AI trade. Strong earnings across sectors, easing geopolitical concerns and renewed risk appetite have pushed markets higher, but SpaceX's latest results reveal the growing price tag of the AI revolution. Mathieu Racheter, Head of Equity Strategy, provides more details on the ongoing earnings season, the rotation shaping markets, and where he sees the most attractive opportunities in technology today.

(00:00) - Introduction: Helen Freer, Product & Investment Content

(00:31) - Markets wrap-up: Jan Bopp, Product & Investment Content

(06:51) - Q2 earnings season / equity market update: Mathieu Racheter, Head of Equity Strategy Research

(10:50) - Closing remarks: Helen Freer, Product & Investment Content

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Markets were supported by hopes of de-escalation in the Middle East, sending oil prices sharply lower and easing inflation concerns. Investors also digested a rare coordinated yen-buying intervention by Japan and the United States, while strong US manufacturing data pointed to continued resilience in the industrial sector. Equities advanced on both sides of the Atlantic, with the Dow Jones reaching a record close and the STOXX 600 remaining near all-time highs. Meanwhile, company news included reports of potential merger talks between AstraZeneca and Bristol Myers Squibb, Visa's acquisition of cybersecurity firm BioCatch, and Alibaba's latest AI model launch. Joining us today is Enrico Chinello from Next Generation Research, who discusses the scale of hyperscaler AI spending and whether the industry is starting to see a clear path towards monetising these investments.

(00:00) - Introduction: Mike Rauber, Product & Investment Content

(00:38) - Markets wrap-up: Lucija Caculovic, Product & Investment Content

(06:39) - Q2 hyperscaler capex: Enrico Chinello, Next Generation Research

(11:52) - Closing remarks: Mike Rauber, Product & Investment Content

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.