Fisher: Central bank volatility suppression has made anti-correlation hedges rare
Adam Fisher · Adam Fisher – Blending Global Macro and Real Estate at Commonwealth Asset Management (First Meeting, EP.21) · Jul 13, 2020 · at 44:26
Adam Fisher, CIO of Commonwealth Asset Management, discusses the difficulty of finding hedging assets to manage path volatility in macro trades.
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“Central banks, in their zeal to destroy volatility, they've created so much correlation that it's really hard to find anti-correlation is kind of a way to think about it.”
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