Vimal Gor

This time last year, at Livewire Live we flagged a likely resurgence of volatility and highlighted some of the factors that we believed would drive this. In this exclusive report for Livewire, I review the thesis and explain why we expect much more extreme reactions going forward. Show More

Fund in Focus
Vimal Gor

The world can’t handle higher interest rates. Volatility is back and will continue to rise. If you’re an investor overextended in the risk curve, this will be problematic. As a result of quantitative easing, central banks have driven asset prices to record highs, while yields to record lows. But that’s... Show More

Macro

In response to the calamity caused by the GFC, interest rates were cut to near zero and we doubled the amount of debt outstanding. Fast forward and interest rates are now rising at the same time that ~$18 trillion of stimulus is being withdrawn. Charlie Jamieson of Jamieson Coote Bonds... Show More

Vimal Gor

There are two attitudes you can take to the February 2018 “flash crash”. The first, and overwhelmingly the most popular, is that this was a technically driven correction in the markets, exacerbated by carry monkeys such as the short-VIX crowd, and that the pause since then has provided a refresh... Show More

Vimal Gor

Tax reform legislation finally seems to be moving along in the US. While the equity markets cheer, the consequences for junk-rated issuers can be very unpleasant. As much as 4/5 of the high yield issuers could be worse off as a result of the proposed changes, which may in turn... Show More

Vimal Gor

We have been living in a low-vol world for a while now, driven by a massive alphabet soup of central bank liquidity, which have been delivered globally. If it’s not the Fed engaging in QE’s 1, 2 and 3, it’s the ECB’s PSPP and CSPP bid, BoJ’s QE and yield... Show More

No comments.