Episode 1: BONUS: Nicolás Dujovne, economist and former Minister of the Treasury of Argentina - a Panorama and a Snapshot

I am delighted to launch this bonus series featuring leading financial thinkers in Latin America with this podcast with Nicolás Dujovne, recorded live in Buenos Aires in late August. Nicolás is an Argentine economist and former Minister of the Treasury between 2017 and 2019 under the administration of Mauricio Macri. He has had a long career in financial markets, primarily as an economist, and since 2020 has been a partner of Tenac Asset Management, which recently won best Emerging Markets Macro Fund over two years as awarded by the Hedge Fund Journal.  

Our conversation traces Nicolás's early interest in photography, and how this shaped his sense of perspective in his chose career as an economist. We dive in to his core beliefs as an economist and some of the "truths" that his experience in living and working through economic crises has taught him about the importance of fiscal discipline.

We trace the evolution of the economic backdrop throughout his career, moving in to his time in the Treasury and his assessment of the current state of reforms being implemented under President Milei. With elections looming in September much remains to be seen, but we discuss potential paths and hopes for the future. 

Finally we turn to his current role at Tenac Asset Management, and examine some of the macro drivers in markets today and the level of difficulty in navigating them. 

This special series focused on South America will be released occasionally on a Friday. We welcome feedback, guest suggestions and more.