Skybridge Capital’s Gayeski on Macro, Boom-Bust Cycle, U.S. Economy

The transcript discusses the challenges faced by macro managers in adding value, particularly in liquid markets, and the potential for better performance in emerging markets. It highlights the debate on the end of the boom-bust cycle and the role of central banks in asset price elevation. The conversation also covers investment strategies, focusing on alternatives to equities and fixed income, and the economic outlook, including hedge fund strategies and recession risks.

What is one of the main challenges for macro managers in liquid markets?

• High transaction costs

• Excessive regulation

• Difficulty in adding value

• Lack of investment opportunities

According to the transcript, where have macro managers seen consistent outperformance?

• Emerging markets

• Developed markets

• Cryptocurrency markets

• Real estate markets

What was the general reaction to Bob Prince's comments on the boom-bust cycle?

• Agreement with his views

• Shock and disbelief

• Indifference

• Amusement

What is a key characteristic of Bridgewater's investing strategy?

• High-risk investments

• Systematic approach

• Exclusive focus on equities

• Focus on short-term gains

What is the main focus of alternative investments discussed in the transcript?

• Short-term trading

• Replacing fixed income

• Outperforming equities

• Investing in technology stocks

What is the expected return for structured credit according to the transcript?

• Negative returns

• Double digits

• Mid to high single digits

• Low single digits

What is the outlook for the US consumer according to the transcript?

• Facing high risks

• In very good shape

• In poor shape

• Uncertain