The sharp rise in interest rates is having an uneven impact on corporate balance sheets, hurting small businesses, whilst benefitting the largest. But large businesses drive equity market indices, and so are hiding what is likely to become a significant issue going forward.
Balance sheet risk is largely ignored during “normal” market conditions, but it's the most important variable in a downturn.
Andrew Lapthorne from Société Générale will help you understand the link between the cost of credit and asset prices, which is key to understanding the credit-cycle and how boom can rapidly turn to bust.
In this webinar you will:
Andrew Lapthorne, Société Générale
Andrew Lapthorne joined Société Générale in London in November 2007, having previously spent 11 years at Dresdner Kleinwort where he was Global Head of Quantitative Research. At SG, he heads up the SG Quantitative Research Group, which includes the Equity and Cross Asset Quant, Index and ETF research teams. This group of 20 analysts has extensive experience, having often worked on both the buy and sell-side.
Andrew and his team have been writing about equity styles and factors since the mid-1990s and have covered most topics relating to factor investing. Since 2013, they have been writing specifically about alternative risk premia investing and more recently, the use of machine learning and alternative data in the investment process. The team has created and runs a variety of systematic quantitative strategies.