Michael Vranos - Lessons from the King of Structured Credit (W/Raoul Pal)

Michael Vranos, founder and CEO of Ellington Management Group, has been known as "the most powerful man on Wall Street" and, over the course of his almost 30 years running Ellington, has been able to adapt his firm, generating exceptional risk-adjusted returns through the LTCM crisis in 1998, the GFC in 2008, and most recently the COVID-19 crisis of 2020. In this interview with Raoul Pal, Vranos will share his personal journey; the early lessons he learned from LTCM and how he structured his firm accordingly; his views on leverage, tail risk hedging, and the costs and benefits of illiquid investments; and the current opportunities he is eyeing in financial equities like REITs, structured credit, and loan securitization. Viewers should be aware that this is an interview for pros by pros, and although not inherently actionable for most individual investors, it should be viewed as an unbelievable look behind the curtain of how one of the most successful hedge fund managers of all time thinks about markets and the business of running a hedge fund. To go alongside this segment, we've prepared a set of notes for this interview. You can access them here: https://rvtv.io/3gm1vYf
Thanks for watching The Interview, the premier business and finance interview series in the world.

Subscribe to our channel now for more videos like this one: https://rvtv.io/subscribe

Do you want even more content like this? And to see this video before we release it here? Become a member of Real Vision -- get started for 7 days for only $1: https://rvtv.io/membership

About Real Vision™:
Real Vision™ is where you can gain an understanding of the complex world of finance, business and the global economy with real in-depth analysis from real experts.

Connect with Real Vision™ Online:
Twitter: https://rvtv.io/twitter
Instagram: https://rvtv.io/instagram
Facebook: https://rvtv.io/facebook
Linkedin: https://rvtv.io/linkedin

Michael Vranos - Lessons from the King of Structured Credit (W/Raoul Pal)
https://www.youtube.com/channel/RealVisionFinance

For the transcript visit: https://rvtv.io/TheInterview

Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances is not necessarily reflective of future performances. Well that was pretty intense! We hope you got all of that – now stop reading the small print and go and enjoy Real Vision.

Видео Michael Vranos - Lessons from the King of Structured Credit (W/Raoul Pal) канала Real Vision Finance