Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

Gautam Jain has over 25 years of experience covering global emerging fixed income and currency markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specializes in portfolio construction, smart-beta index creation, and asset allocation. Mr. Jain holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.

Alpha Bites: Long Russian Ruble (RUB) Vs Short South African Rand (ZAR)

FX Dashboard: Leaders and Laggards in EM FX as US Yields Retreat from the Peak

Rates 10y Dashboard: Which Countries Offer High Yields Relative to Their Volatilities?

Rates 10y Dashboard: Our Trade Recommendations in the Aftermath of Last Week’s MPC Meetings

Rates 10y Dashboard: Which Countries Are Most and Least Correlated with the US?

Rates 10y Dashboard: EM Long-End Rates Relink with US Rates

FX & Rates

<p>In this note, we go over the reasons behind the strong performance of the South African rand (ZAR) and argue that while the environment is supportive, continued outperformance may lead to an opportunity to short the currency.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

In this note, we go over the reasons behind the strong performance of the South African rand (ZAR) and argue that while the environment is supportive, continued outperformance may lead to an opportunity to short the currency.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

FX Dashboard: South African Rand’s Outperformance Continues