

Andy Constan, Founder, Damped Spring Advisors
Jun 30, 2022
Andy Constan, former Salomon Brothers member, discusses the impact of flows on market prices and shares episodes of disruptions in supply and demand. Topics include the April 2020 negative price in front-month crude caused by ETF flows and the 2010 blow-up in the long-dated SPX variance swap market. He also explores the market's ability to adjust to higher rates and the factors influencing Fed policy. Join the conversation with Andy Constan on this episode of Alpha Exchange.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Andy Constan's Career in Buy Side and Sell Side
01:41 • 3min
Mechanical Flows and Market Liquidity
04:20 • 9min
Market Crises, Convertible Bonds, and Relative Value Trading
13:44 • 28min
Founding of Damp Spring Advisors and Analysis of Investment Opportunities
41:54 • 5min
Current State of Markets and Potential Risks
46:29 • 18min
Work in the Lab, Investing in China, and Diversification
01:04:51 • 3min