Listen to market and economic updates, by our CIO Ahmed Riesgo.

Gary Rozier serves as Managing Director for the Oak Street division of Blue Owl Capital in its Chicago, IL office. Gary leads the Investor Relations and Institutional Marketing team for Oak Street, responsible for investor communications, capital raising, and client servicing. He also serves on the investment committee for the Net Lease strategies. Gary served as Senior Vice President at Ariel Investments for 14 years, responsible for institutional business development and client services. Before joining Ariel, Gary spent 5 years with Rydex Investments, holding multiple positions in shareholder services and financial advisor sales before being promoted to regional vice president. He oversaw product development and distribution across nine states in the Midwest. Gary earned a bachelor of arts degree in Economics from the University of Maryland, where he serves on its Board of Visitors, and Economics Leadership Council, and was a captain of the rugby team.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, from our CIO Office.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, from our CIO Office.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

- La situación política en Latam: nunca un día aburrido - Fintech en Latinoamérica: ¿Diamante en bruto? - Nearshoring y América Latina - Litio y América Latina

- The political situation in Latam – never a dull day - Fintech in Latam: a diamond in the rough? - Nearshoring and Latin America - Lithium and Latin America

Listen to market and economic updates, by our CIO Ahmed Riesgo.

En esta conferencia trimestral abordaremos temas disruptivos como la inteligencia artificial y la fusión nuclear. ¿Cuáles son las oportunidades, y cómo podemos invertir en ellas? ¿Cuáles son algunos de los peligros potenciales? Antes de concentrarnos en el segundo trimestre y en algunos de estos temas disruptivos, echaremos un breve vistazo, en retrospectiva, al primer trimestre. Divulgaciones Legales Importantes: https://bit.ly/InsigneoDisclosures

In this quarterly conference, we will address disruptive themes like artificial intelligence and nuclear fusion. What are the opportunities, and how do we invest in them? What are some of the potential pitfalls? Before we look forward to the second quarter and some of these disruptive themes, let's take a brief backward glance at the first quarter. Important Disclosures: https://bit.ly/InsigneoDisclosures

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

A discussion about what happened with Silicon Valley Bank, the risk of contagion to the financial system, and possible implications for the Federal Reserve.

Listen to market and economic updates, from our CIO Office.

Últimamente hemos visto una gran discusión alrededor del techo de la deuda estadounidense y las implica- ciones de un impago de Estados Unidos para el contexto macroeconómico y de inversión actual. Incluso si hay mucha incertidumbre y especulación alrededor del tema, intentaremos hacer nuestro mejor esfuerzo para destacar la línea de tiempo, los poten- ciales escenarios que podrían ocurrir si se da un incumplimiento del techo, y evaluar las implicaciones de inversión y de mercado.

Lately, much has been written and discussed about the looming debt ceiling and the implications of a US default for the current macro and investment backdrop. Even if there is much uncertainty and speculation around the issue, let us do our best to highlight the upcoming timeline, the potential scenarios that could unfold if we breach it, and gauge any market or investment implications.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

• Las últimas publicaciones macroeconómicas de Estados Unidos sugieren que el crecimiento se mantiene boyante, dado que hay una resiliencia particular en el mercado laboral y una fortaleza en el sector de servicios. Desafortunadamente, un crecimiento sólido a su vez está aumentando las probabilidades de que la inflación sea persistente, ya que las últimas lecturas también han sorprendido al mercado al alza. • En contraste, la retroalimentación obtenida de las compañías durante la actual entrega de resultados ha sido una con un crecimiento desacelerado y una menor inflación. Esto se ha reflejado en el guidance más moderado de las directivas. • Entonces, ¿a cuál perspectiva debemos darle mayor credibilidad?

• Recent US economic data suggest that growth remains buoyant as there is particular resilience in the labor market and strength in services. Unfortunately, stronger growth is simultaneously raising the odds of persistent inflation as the latest figures have come in higher than expected as well. • In contrast, the feedback from companies during this current earnings season has been one of slowing growth and lower inflation. This has been reflected in weak aggregate guidance from management teams. • So, which outlook are we to give greater credence?

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

James Johnstone is the portfolio manager for the Frontier Markets strategy at Redwheel. He also serves as a member of the investment committee for the Redwheel Emerging and Frontier Markets strategies. He has 26 years of experience in investment management and research. Most recently he was a Senior Managing Director and Director of Investments at Everest Capital, since 2009, where he was responsible for portfolio management and research in frontier markets. Prior to this James was a co-founder and CIO of Alcor Investment Management, a long-short, multi-strategy Asian hedge fund headquartered in Singapore. He previously worked for Gartmore Investment Management for three years where he was a member of both the long-only and long-short global emerging markets teams. He started his career with Schroders Investment Management, working on the UK equities and Global Emerging Markets teams. James also served in the Royal Navy for five years. He graduated from Christ Church, Oxford University with an MA (Hons) in Classics and Modern Languages. James speaks Russian.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Art DeGaetano – is the Chief Investment Officer and Founder of Bramshill Investments.  Before founding Bramshill, in 2012, Mr. DeGaetano was a Senior Portfolio Manager at GLG Partners LP where he managed the predecessor to the Bramshill Income Performance Strategy and a levered US credit portfolio for the GLG Market Neutral Fund.  Combined, Mr. DeGaetano had approximately $375mm in assets under management at GLG Partners LP.  Prior to GLG Partners in 2007, Mr. DeGaetano was Managing Director and Head of US Credit Trading at RBS Greenwich Capital from 2005 through 2006.  He traded and oversaw the credit trading desk, comprised of 14 traders across corporate bonds, credit default swaps, and indexes from investment grade to high yield, averaging a $4B gross position.  Prior to RBS Greenwich Capital, he traded credit for Bear Sterns and Co, Inc.

No es un secreto que el 2022 fue un año retador. En medio de un conflicto geopolítico inesperado que empañó la recuperación mundial, una pandemia en decadencia que aun así consiguió presionar la cadena global de suministro, y la implementación inminente de una política monetaria más restrictiva, tanto los bancos centrales como las economías tuvieron que ajustarse a esta realidad inesperada.   En este contexto, los inversionistas se vieron forzados a aceptar un ambiente diferente, así como otra manera de invertir, después de haber estado acostumbrados a una política monetaria expansiva y a tasas bajas por mucho tiempo. Por lo tanto, decidimos responder varias preguntas que recibimos de nuestros clientes, con la esperanza de que nuestra perspectiva pueda traer algo de claridad en lo que consideramos serían oportunidades de inversión atractivas para el próximo año, y que dependen de nuestra perspectiva macroeconómica.

It is no secret that 2022 was a challenging year. Amid an unexpected geopolitical conflict that tainted the world’s recovery, a waning pandemic that still managed to strain the global supply chain, and the imminent implementation of a tighter monetary policy, central banks and economies had to adjust to this unexpected reality.   Against this backdrop, investors were forced to accept a different environment and a different way to invest after being used to lose monetary policy and lower rates. Thus, we decided to answer several questions we received from our clients in hopes that our views can shed some light on what we consider attractive opportunities for the year ahead, dependent on our macroeconomic views.

Una mirada al 2022 y sus implicaciones Pronósticos macroeconómicos Pronósticos de mercado Perspectivas geopolíticas

A Look Back to 2022 and Implications Macroeconomic Forecasts Market Forecasts Geopolitical Outlook

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Latam, sus matices políticos, y una potencial solución

Latam, its political nuances, and a potential solution

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Estas son dos preguntas que los inversionistas deberían estarse haciendo después de la reunión de la Reserva Federal del miércoles. Los mercados de bonos y acciones tuvieron un comportamiento positivo después de que el comunicado fuera publicado a las 2pm EST, pero luego cambiaron su curso rápidamente durante la rueda de prensa del Gerente Powell. Analicemos los cambios sustanciales (si es que los hubo) de política monetaria, y cuáles podrían ser las implicaciones de inversión de estos.

These are the two questions that investors should be asking themselves after Wednesday’s FOMC meeting. The equity and rate markets rallied after the statement was released at 2 PM EST, but then quickly reversed course as Chair Powell spoke during the press conference. Let us analyze the substantive changes (if any) of monetary policy that occurred, and what the investment implications from the shift may be.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Decir que este año ha sido complicado para los inversionistas y para todos los que están involucrados con los activos financieros sería un eufemismo. Al momento de escribir esto, durante los últimos días de septiembre, la mayoría de los activos financieros, con la excepción del dólar estadounidense, están cerca de sus mínimos del año; índices accionarios y de renta fija se encuentran por debajo del 20%, el umbral tradicional para un mercado bajista. Nuestras dos mayores predicciones de la llamada trimestral pasada se cumplieron. No se ha materializado una recesión en Estados Unidos, y no ha habido un rally de rebote en los mercados financieros. Esperábamos que la volatilidad continúe durante el tercer trimestre, pero que se disipara en el cuarto trimestre. Ese ya no es el caso.