This episode is brought to you by Fintool. Learn more about how you can add AI to your investment process with Fintool: https://fintool.com/?utm_source=the_opm
Nicolás Dujovne, CIO and founder of Tenac Asset Management, joins Other People’s Money to discuss his path from Treasury Minister of Argentina and president of the G-20 to hedge fund manager. Despite more experience managing economies than trading them, Dujovne and his partners at Tenac have succeeded in building a 5+ year track record with no down years and an annualized rate of 17.18% net of fees, focusing mostly on sovereign and corporate debt of emerging market countries. In the interview we discuss how global macro feeds portfolio construction, the important factors when analyzing individual emerging markets, and how understanding large international organizations like the IMF is crucial to predicting outcomes in EM.
This episode is brought to you by Fintool, a financial copilot tailored for institutional investors. Fintool leverages Large Language Models (LLMs) to discover financial insights beyond the reach of timely human analysis. From summarizing extensive annual reports to computing numbers and unearthing new insights by comparing years of filings, Fintool equips institutional investors like Janus Henderson, First Manhattan and companies like PWC. Learn more about how you can add AI to your investment process: https://fintool.com/?utm_source=the_opm
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Timestamps:
00:00 Intro
00:29 Fintool Front Roll
02:00 Why is LATAM a Macro Hotbed?
04:11 From Minister of the Treasury to Macro Trader
11:36 Capital Raising in LATAM
16:31 Developing & Communicating Your Investment Process
20:53 Fintool Mid Roll
22:01 The Growth of EM Debt Markets
25:56 Dispersion and Portfolio Management
30:50 Corporate/Quasi Sovereign Debt
34:30 The Events That Move Markets in EM
38:22 Data Integrity Issues in EM
39:28 Vol and Investor Expectations
43:14 Global Spotlight on Argentina
44:57 Unique Requirements of Global Investing
48:16 The Roll of the IMF
54:27 Elections and Prediction Markets
56:58 The Roll of US Financial Conditions
01:01:45 Current Outlook for US Trade Policy
01:03:17 Opportunity Right Now
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