Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Asian Hedge Fund manager based in HK/SG with over 20 years of experience managing Asian Long/Short Equity funds. Macroeconomic top-down analysis generates thematic investments that are further researched from the bottom-up. Research is supplemented with advanced technical analysis. 
Previous experience includes M&A with Morgan Stanley and CPA with Deloitte in NYC. Wharton MBA.

CHARTING COURSE: Trump Throws a Blockade Party, and the US Consumer Is Depressed (4/15/26)

CHINA FERTILIZER INDUSTRY: Waiting for the Harvest!

OIL: When a Short-Term Spike Becomes Long-Term Reality

CHARTING COURSE: Is Oil Sticky?, China's Long-Term Planning Pays Off, Unconditional Surrender?

Donald-In-Wonderland: SEPARATING NOISE FROM SIGNAL

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>Agricultural commodity prices have been tame so far, but rising fertilizer, energy, and transportation costs portend coming inflation.  Farming margins are getting squeezed as costs rise and grain prices stagnate.</li>
<li>Closure of the Strait of Hormuz has led to a surge in fertilizer prices, heating oil, and diesel, all of which will eventually bleed into food price inflation.</li>
<li>Europe and Asia have maintained ample grain inventories, which have kept prices low since the war began; these are only temporary buffers. </li>
</ul>


Agricultural commodity prices have been tame so far, but rising fertilizer, energy, and transportation costs portend coming inflation.  Farming margins are getting squeezed as costs rise and grain prices stagnate.
Closure of the Strait of Hormuz has led to a surge in fertilizer prices, heating oil, and diesel, all of which will eventually bleed into food price inflation.
Europe and Asia have maintained ample grain inventories, which have kept prices low since the war began; these are only temporary buffers. 


考えさせられるテーマ：商品戦争の傷跡と迫りくるインフレ