\nFondul de investi\u0163ii Algebris Investments, cu un portofoliu de 12,3 miliarde de euro \u00een active, crede c\u0103 economiile globale \u015fi sistemele financiare au devenit din ce \u00een ce mai fragile \u00een ultimii ani. Drept rezultat, clien\u0163ii trebuie aib\u0103 un mod de a-\u015fi proteja banii de panica de pe pie\u0163e: un fond proiectat s\u0103 profite de o pr\u0103bu\u015fire a pie\u0163ei, potrivit Quartz.<\/p>\n
\nAcest fond va \u00eencepe s\u0103 tranzac\u0163ioneze \u00eencep\u00e2nd cu data de 1 iunie \u015fi va fi condus de Alberto Gallo, \u015feful pentru strategii macroeconomice al Algebris Investments.<\/p>\n
\nPentru Gallo, anii de politic\u0103 monetar\u0103 agresiv\u0103 reprezint\u0103 motive de \u00eengrijorare. B\u0103ncile centrale au cump\u0103rat active \u00een valoare de trilioane de dolari \u00een ultimii ani pentru a impulsiona pie\u0163ele \u015fi pentru a sc\u0103dea costurile \u00eemprumuturilor.<\/p>\n
\n\u00cen timp ce acest lucru a ajutat la \u00eens\u0103n\u0103to\u015firea economiilor, fostul strateg de la Goldman Sachs crede c\u0103 dac\u0103 acest stimul nu ar mai exista, lucrurile \u201ear deveni ur\u00e2te\u201d.<\/p>\n
\nTipul de risc urm\u0103rit de acest fond reprezint\u0103 acele fenomene economice care au o \u015fans\u0103 redus\u0103 de a avea loc (precum o criz\u0103 financiar\u0103 brusc\u0103), dar ar putea avea consecin\u0163e masive. Cele mai agresive \u015focuri se numesc c\u00e2teodat\u0103 \u201eevenimente leb\u0103da neagr\u0103\u201d, o espresie care \u00eei apar\u0163ine traderului Nassim Taleb.<\/p>\n
\n\u00cenainte ca lebedele negre s\u0103 fie descoperite \u00een Australia, era asumat faptul c\u0103 exist\u0103 doar lebede negre \u2013 prin compara\u0163ie, predic\u0163iile financiare sunt predispuse s\u0103 ignore evenimentele cu o \u015fans\u0103 mic\u0103 de a avea loc.<\/p>\n
\nDup\u0103 unele m\u0103sur\u0103tori, panica financiar\u0103 de pe pie\u0163e devine din ce \u00een ce mai prezent\u0103. Un studiu realizat anul trecut de Deutsche Bank argumenteaz\u0103 c\u0103 aceste crize \u2013 nu la fel de severe ca cea din 2008 \u2013 r\u0103m\u00e2n dificil de prezis \u00een ciuda frecven\u0163ei lor din ce \u00een ce mai mari.<\/p>\n
\nLa fel ca \u015fi Gallo, cercet\u0103torii creditorului german sugereaz\u0103 c\u0103 urm\u0103toarea implozie ar putea fi provocat\u0103 de cele mai mari b\u0103nci centrale din lume.<\/p>\n
\nFondul va investi \u00een instrumente derivate, legate de schimb\u0103rile de pre\u0163uri \u015fi de volatilitate. Acesta va paria \u00eempotriva datoriilor guvernamentale \u015fi a celor corporatiste, \u00eempotriva ac\u0163iunilor \u015fi \u00eempotriva monedelor.<\/p>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Fondul de investi\u0163ii Algebris Investments, cu un portofoliu de 12,3 miliarde de euro \u00een active, crede c\u0103 economiile globale \u015fi sistemele financiare au devenit din ce \u00een ce mai fragile \u00een ultimii ani. Drept rezultat, clien\u0163ii trebuie aib\u0103 un mod de a-\u015fi proteja banii de panica de pe pie\u0163e: un fond proiectat s\u0103 profite de […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[8789,60,2930],"class_list":["post-161282","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-fond","tag-piata","tag-prabusire"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/161282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=161282"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/161282\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=161282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=161282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=161282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}