Daniel Arbess, manager of the Xerion Hedge Fund and partner at Perella Weinberg Partners in New York, joins Aline van Duyn, US markets editor of the Financial Times, to discuss themes from 2009, inflation risks, China and commodities.
Part 1: Themes from 2009
Arbess says “next year is going to be a much more difficult year, because we have not reduced the amount of gross leverage in the financial system”. He also discusses government interventions over the past year.
Click here or on the image below to view Part 1 of the interview.
Part 2: Inflation risks
Arbess says “next year investing is going to be as much about managing macro and fiscal imbalances and tail risks as it is about selecting the right securities”.
Click here to view Part 2 of the interview.
Part 3: China and commodities
Arbess says: “I think that this year will be proven to have been the easy part. … what we did was we put a finger in the dyke last year, but by no means has the dyke been required.”
Click here to view Part 3 of the interview.
Source: Aline van Duyn, Financial Times (here, here and here), December 8, 2009.
