Flirting with Models cover image

Andrew Lapthorne - Thematic Baskets and Strong Balance Sheets (S4E13)

Flirting with Models

00:00

Is There a Negative Cary Hedge?

This positive carry trade creates this alpha, but is also negatively correlated to credit shocks. How do you sort of reconcile that idea? Oh, i think it's ta reversal effect. You don't want to be short value in a recovery. And why thet may seem very good most of he time. Iye, no free lunch, i'm afraid.

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