EVENTS:   IRF Lunch: US Equities - Be prepared, What Comes Next and How to Profit - Adam Parker/Trivariate Research - 14 Jul 25     ROADSHOWS: L/S Industrials and Materials Ideas - Jay Van Sciver /Hedgeye   •   London   09 - 11 Jul 25       CFROI vs Economic ROI: A Clearer Picture of Company Performance? - Bryant Matthews /Omaha Insights   •   New York; Boston 23 Jul   21 - 25 Jul 25      
The EM Rebound: Reality, Risk, and Regional Opportunities

03 Jul 25 15:00 BST / 10:00 EDT

Emerging Advisors Group
Jon Anderson   Jon Anderson
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Best Equity Short Ideas Conference Call 11

02 Jul 25 15:00 BST

    Thomas Chanos Thomas Chanos President & CEO Thomas established Badger Consultants LLC in 1994 to provide independent short research for hedge funds. He has since expanded to include independent long research as well. Prior to founding Badger Consultants, Thomas was Vice President of A.G Edwards & Sons, Inc.

    Badger Consultants

    Julian Hull Julian Hull CEO & Analyst Julian, Founder, was previously at Redburn, Forensic Alpha, and Europe’s premier short focused hedge fund ShadowFall. Dragoneye’s early foundation was built at Redburn, where expertise in fundamental research, company analysis and industry insights were developed. Forensic Alpha spurred Dragoneye’s focus on forensic accounting, examining financial statements, identifying discrepancies and potential accounting irregularities. Expertise in short-selling and investigative research methodologies was gained at ShadowFall.

    Dragoneye Research

    Tom Beevers Tom Beevers Founder & CEO Thomas co-founded Forensic Alpha in 2014 and was previously a fund manager at Newton Investment Management in London, where he managed in excess of $1.5bn AUM.

    Forensic Alpha

    Makay Redd Makay Redd Prior to joining Oxford Data Plan, Makay worked as Head of Sales at Triton. He brings extensive experience as a Sales Executive from his time at M Science and also worked in Institutional Equity Sales at Susquehanna International Group.

    Oxford DataPlan

    John Zolidis John Zolidis Founder & President John has followed retail and restaurants as a senior analyst since 1999, mostly on the sell-side. He also managed money in a buy-side role at a long-short equity fund over 2013-2014. He was named in the Wall Street Journal’s Best on the Street list.

    Quo Vadis Capital

    Scott Mushkin Scott Mushkin Founder & Managing Partner Prior to founding R5 Capital, Scott was Managing Director and Senior Research Analyst covering retail, e-tail and consumer products at Wolfe Research. Scott brings more than 25 years of buy-side and sell-side experience to the firm and has consistently ranked among the top analysts in his coverage sectors. He earned his MBA from The University of Chicago Booth School of Business.

    R5 Capital
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Why a Global Upswing Is Brewing - The Parallels with the Noughties

01 Jul 25 15:00 BST / 10:00 ET / 16:00 CET

Longview Economics
Chris Watling   Chris Watling Founder & CEO Chris is a former economist at Cazenove, following his development of the proprietary Risk Appetite Gauge ‘RAG’ models which, when combined with the SELL-off indicator, have proven to be very successful in calling equity market direction and timing waves of risk aversion in global markets.
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IRF Lunch: Can Japan Come Good?

25 Jun 25 12:30 BST

Pelham Smithers Associates
Pelham Smithers   Pelham Smithers Founder / Electronics, Telecoms & Pharma Pelham co-founded PSA and is the firm’s managing director. He began his 35-year career as an analyst in Tokyo in 1987 covering software companies. He later became Japan Strategist for ING Barings before returning to equity research, as head of Asian research for Pali Capital.
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IRF Lunch: The Most Mispriced Market with David Woo

18 Jun 25 12:30 BST

David Woo Unbound
David Woo   David Woo Founder & CEO David is the Founder/CEO of Unbound. Until 2021, David was the Head of Global Rates, FX, and EM Fixed Income Strategy & Economic Research at Bank of America where he led the top ranked macro strategy team on Wall Street. David is known for his bold and out-of-consensus calls that includes the RMB devaluation in 2015 and Trump’s victory in 2016. He was the first major analyst on Wall Street to initiate coverage on Bitcoin in 2013. Business Insider voted David as one of the 12 smartest people on Wall Street in 2016. David started his career at the International Monetary Fund in Washington D.C.. He received his Ph.D in Economics from Columbia University.
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Buckle Up for the Bond Market Meltdown

17 Jun 25 15:00 BST / 10:00 EST / 16:00 CET

AAS Economics
Dr. Frank Shostak   Dr. Frank Shostak Chief Economist Dr Frank has over 40 years’ experience as a market economist, central bank analyst, and a builder of large scale macro-econometric models. He was head of the econometrics department at the Standard Bank in Johannesburg and head of economic consulting firm Econometrix. Most recently, Dr Shostak was Chief economist and market strategist for MF Global Australia. His commentaries have been published in The Asian Wall Street Journal, The Washington Times and The Australian Financial Review. He has a long track record of successful strategic calls. For example, he alerted his clients ahead of the 1987 crash and more recently the GFC crisis before many others and was also one of the very few economists to call the S&P 500 rally in early 2009.
Derek Sicklen   Derek Sicklen Economist Derek brings over 35 years of diverse experience in financial markets, having served as an economist, broker, trader, regional business head, and hedge fund manager. He is currently a Partner and Director at Platypus Capital Management, a quantitative hedge fund based in Sydney. His previous roles include Vice President of Alternative Asset Management at JPMorgan Chase in Hong Kong, Head of Asian Futures at Jardine Fleming, and Director of Australian Economic Analysis in Sydney. Derek has also held senior positions in marketing, product development, proprietary trading, and institutional advising at firms including Ord Westpac Futures, Boston Australia, Fay Richwhite, and Darlington Futures. He began his career as a research economist with the Australian Department of Finance in Canberra. He holds a Bachelor of Economics and a Diploma of Education from the University of Sydney.
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Trump's Capitulation to China - What to Infer?

21 May 25 15:00 BST / 10:00 EDT / 16:00 CET

David Woo Unbound
David Woo   David Woo Founder & CEO David is the Founder/CEO of Unbound. Until 2021, David was the Head of Global Rates, FX, and EM Fixed Income Strategy & Economic Research at Bank of America where he led the top ranked macro strategy team on Wall Street. David is known for his bold and out-of-consensus calls that includes the RMB devaluation in 2015 and Trump’s victory in 2016. He was the first major analyst on Wall Street to initiate coverage on Bitcoin in 2013. Business Insider voted David as one of the 12 smartest people on Wall Street in 2016. David started his career at the International Monetary Fund in Washington D.C.. He received his Ph.D in Economics from Columbia University.
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The State of US-China and Global Rebalancing

07 May 25 14:00 BST / 09:00 ET

PRC Macro
William Hess   William Hess Co-CEO & Co-Head of Research Previously William served as President of China Monitor, a platform for China macroeconomic and industry forecasting and analysis, Director of Sovereign and International Public Finance ratings with S&P and as General Manager of Global Insight.
Song Gao   Song Gao Co-CEO & Co-Head of Research Song served as China Country Representative and principal analyst for the Observatory Group, Senior Economist of China Monitor where he met William and before that in academia as a professor and researcher at Junniata College.
Ming Wu   Ming Wu Head of Base Metals Experienced Senior Researcher with a demonstrated history of working in the capital markets industry. Strong research professional skilled in Market Research, Project Management, Financial Modeling, Corporate Finance, and Business Development.
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The Muppet Show

01 May 25 15:00 BST / 10:00 EDT

PPG Macro
Patrick Perret-Green   Patrick Perret-Green CEO Patrick has been in financial markets for 35 years. He has experience in the fixed income and currency research department of Greenwell Montagu, worked as a fixed income flow trader for Merrill Lynch and JP Morgan, a research head for Mizuho, and a proprietary trader and Asia strategist for Citi. He was based in Asia Pacific between 2010 and 2016, and has developed a keen understanding of how the Chinese economy and financial markets operate. Since then he has focused on providing a global macro research service, specialising in interest rates and FX.
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Beat the Bear Market

29 Apr 25 16:00 BST / 11:00 ET

Belkin Report
Michael Belkin   Michael Belkin Founder Michael, could be described as an iconoclast, which is someone who “attacks cherished beliefs or traditional institutions, as being based on error or superstition.” Of course, there are plenty of other folks doing that in the investment field. What distinguishes Michael is that he backs up his declarations with data. Michael graduated from The Haas School of Business at the University of California Berkeley, where he conducted independent research sponsored by the legendary Mark Rubinstein. His innovative streak was apparent even then. “I developed my own models,” he says, “after studying what they taught us in econometrics— because I found mainstream models were not effective.” In 1986 he was recruited by Salomon Brothers as a market analyst and soon moved into proprietary trading, attaining the position of vice‐ president. There he made his first big splash in the investing community by accurately forecasting the collapse of the Nikkei Average - which subsequently dropped 37%. Among Michael’s other accurate predictions: the top in the U.S. tech bubble in 2000, the subsequent stock market low in 2002, the housing bubble top in 2007, the credit crisis stock crash low in 2009, the pre-Covid stock market top in early 2020, the Covid crash low in March 2020 and the recent AI bubble peak in early 2025. Besides producing The Belkin Report every week, Michael is a speaker at financial industry events and a guest commentator on TV business news networks.
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How “Making America Great Again” Is Reshaping Japan and Emerging Asia

17 Apr 25 15:00 BST

Astris Advisory Japan
Neil Newman   Neil Newman Equity Strategy Neil is an expert commentator and seasoned strategist on Japanese and pan-Asia equities markets drawing on his 40-years’ experience in Japan and Hong Kong, first arriving in Tokyo in 1986.
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Could US Tariffs and Hoarding Lead The World to Run Out of Copper?

08 Apr 25 14:30 / 09:30 EST

Astris Advisory Commodities
Ian Roper   Ian Roper Commodities and China Strategist Ian Roper is a highly respected commodity strategist with over 22 years of experience in metals. He began his career at CRU in London and has since held key roles across Shanghai, Singapore, and now Tokyo, including positions at Steel Business Briefing, Macquarie, Rio Tinto, and CLSA. Currently based at Astris Advisory, Ian leads the Ian Roper Commodity Service, providing independent, in-depth analysis on base metals, ferrous metals, coal, and new energy materials. With a strong focus on China’s supply-demand dynamics and growing expertise in India’s emerging metals market, Ian delivers monthly deep-dive reports and regular market updates, leveraging his vast network and two decades of Asia-based insight.
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Europe - Home Alone

02 Apr 25 15:00 BST / 10:00 EDT

Eurointelligence
Wolfgang Munchau   Wolfgang Munchau Co-Founder & Director Wolfgang is Director and Co-Founder of Eurointelligence, a service that provides daily information about the euro area, targeted at investors and policy makers. He is a columnist for Unherd and previously the New Statesman, and was also an associate editor and columnist for the Financial Times. Wolfgang was one of the founding members of Financial Times Deutschland, the German language business daily, where he served as deputy editor from 1999 until 2001, and as editor-in-chief from 2001 until 2003. He previously worked asforeign correspondent in Washington DC and Brusselsfor the Times, and in Frankfurt for the FT. Wolfgang’s latest book, Kaput, published by Swift Press, is about the rise and decline of the German economy.
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US Equities - Navigating A Tumultuous Market

27 Mar 25 15:00 / 10:00 ET

Trivariate Research
Adam Parker   Adam Parker Founder & Chief Strategist Adam is the CEO and Founder of Trivariate Research, LP, bringing 20 years of experience in equities. Prior to founding Trivariate Research, he was the founder and lead portfolio manager of Trivariate Capital, an equity long/short hedge fund. From 2017-2019, Adam served as Director of Quantitative Strategy at Eminence Capital, where he built a quantitative infrastructure for analysis, risk management, and macro research. Previously, he was the Chief US Equity Strategist and Director of Global Quantitative Research at Morgan Stanley, where he was recognized as a top strategist by Institutional Investor and named the #1 Strategist by portfolio managers in Greenwich Associates’ Survey. Adam was also a member of Morgan Stanley’s Global Investment Committee, advising on asset allocation for the firm’s multi-trillion dollar private wealth network.
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Asset Allocation - Generational Shift Ahead

20 Mar 25 15:00 / 10:00 ET

Macro Intelligence 2 Partners
Julian Brigden   Julian Brigden Founder & President Julian is Co-Founder and President, with over 25 years of experience in financial markets. He has held roles in both market- and policy-focused consulting for hedge funds and banks, as well as in FICC (Fixed Income, Currencies, and Commodities) sales.
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Bitcoin at $2 Trillion: 700 Institutional Asset Managers Are In – What's Next for the Future of Crypto?

06 Mar 25 15:00 GMT / 10:00 EST

10x Research
Markus Thielen   Markus Thielen Head of Research Markus is the Head of Research at 10x Research. He also acts as the Head of Research and Strategy for Matrixport, a leading digital-asset investment firm. Before joining Matrixport, Markus was the Chief Investment Officer at the digital-asset investment firm IDEG Asset Management, and before that the founder and Chief Investment Officer at Jomon Investment Management. Previously Markus was a Portfolio Manager at Millennium Capital Partners and JP Morgan Investment Group. He started his career at Morgan Stanley, where he set up and ran the Quant & Derivatives Strategies Group in Asia.
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South American Economies and Politics

28 Feb 25 15:00 GMT / 10:00 EST

    Marcos Buscaglia Marcos Buscaglia Founder Marcos holds a Ph.D. in economics from the University of Pennsylvania, where he was a Fulbright scholar. He has a graduate degree in economics from Universidad Torcuato Di Tella and a degree in economics (summa cum laude) from the Catholic University of Argentina.

    Alberdi Partners

    Igal Magendzo Igal Magendzo Chief Economist Igal holds a Ph.D. in economics from UCLA. He has over 20 years of working experience in macroeconomics. He worked for 12 years at the research department of the Central Bank of Chile, reaching the position of Head of Macroeconomic Analysis. He was a macroeconomic advisor at the Ministry of Finance, Chief Economist for the Andean region and Mexico at Itaú Asset Management, and advisor to international institutions such as the IMF and the World Bank.

    Pacifico Research

    Andrea Damico Andrea Damico Founder and CEO Andrea, Founder & Chief Economist, holds a master’s degree in Economics from the Getulio Vargas Foundation (EESP-FGV) and has over 25 years of experience in the financial industry, specialising in buy-side macroeconomic analysis for Brazil and international markets. She developed her career at Itaú Bank, HSBC Bank, and primarily at Bradesco Bank, one of the largest banks in Latin America. In 2020, Andrea founded Buysidebrazil to provide expert macroeconomic insights

    Buysidebrazil
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Best Equity Short Ideas Conference Call 10

27 Feb 25 15:00 GMT / 10:00 EST

    Julian Hull Julian Hull CEO & Analyst Julian, Founder, was previously at Redburn, Forensic Alpha, and Europe’s premier short focused hedge fund ShadowFall. Dragoneye’s early foundation was built at Redburn, where expertise in fundamental research, company analysis and industry insights were developed. Forensic Alpha spurred Dragoneye’s focus on forensic accounting, examining financial statements, identifying discrepancies and potential accounting irregularities. Expertise in short-selling and investigative research methodologies was gained at ShadowFall.

    Dragoneye Research

    Eric Fernandez Eric Fernandez Founder Before founding TRA, Eric Fernandez was Senior Strategist at an Institutional Investor (II) ranked independent research firm. Previously, he was employed at Salomon Smith Barney, Oppenheimer and Kleinwort Benson in the Mergers and Acquisitions groups. Prior to his M&A work, he was a credit analyst involved in leveraged lending and distressed debt restructurings with US and European financial institutions.

    Two Rivers Analytics

    Ed Steele Ed Steele Founder Ed is a Founder. Ed has more than two decades experience as a top-rated equity analyst, including more than a dozen years of publishing accounting and annual report analysis inside major investment banks (most recently Citi).

    Iron Blue Financials

    Pierre-Olivier Essig Pierre-Olivier Essig Founder & Head of Research Pierre-Olivier is the Founder and Head of Research at AIR. Born in Barcelona, Spain, he later moved to Switzerland to study Business in La Chaux-de-Fonds. With over 30 years of Investment experience through years with UBS, BBL, CIBC and Paribas, and AIR, he has been providing independent fundamental research in European Equities to renowned institutions around the globe for the last 25 years.

    AIR Capital

    Jay Van Sciver Jay Van Sciver Industrials/Materials analyst Jay is the Industrials & Materials Sector Head, Partner, and Executive Committee Member at Hedgeye Risk Management. The Industrials & Materials research team offers unique insights into cyclical, secular, structural, and value creation dynamics within what are often misunderstood, niche industries. He was awarded the inaugural Call of The Year (COTY) award in 2020 for FDX/Air Cargo. Before joining Hedgeye, Jay began his coverage of cyclical industries on the buyside at Brown Brothers Harriman, where he generated robust alpha and was promoted to head Industrials coverage. He later joined LaBranche LLC, where he was a Managing Director and became head of an upstairs proprietary trading desk. Prior to leaving LaBranche LLC, Jay led the firm’s market-making algorithmic trading program, requiring significant risk management and quantitative strategy oversight. Jay then joined a Long/Short Fund seeded by LaBranche, Bishop & Carroll Capital Partners, where he was a partner overseeing investment in cyclical industries. Jay earned a Bachelor of Science degree in Chemistry from Yale University, where he was awarded a Howard Hughes Medical Institution Fellowship for his research. While working at Brown Brothers, Jay pursued coursework in business, accounting, and data analytics at New York University. Jay is a CFA Charterholder, was an All-American swimmer and collegiate water polo player, and enjoys reading, fitness activities, and time with his family. He is widely recognized as ‘not great’ at tennis, a game he nonetheless enjoys.

    Hedgeye

    Martin Pradier Martin Pradier Investment Analyst, Materials Martin is responsible for covering the Materials sector. He has almost 20 years of equity research experience in both the buy-side and sell-side. Martin joined Veritas in 2022 after working at Westwood Investment Advisors for 8 years, as Vice President, covering the Materials and Industrials sector. Prior to Westwood Martin spent 2 years as a Materials analyst at AGF and 7 years as a sell-side analyst for Deutsche Bank and Credit Lyonnais.

    Veritas Investment Research
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The Fiscal Dilemma - Between Risk Premia and a Recession

26 Feb 25 14:00 GMT / 09:00 EST

Talking Heads Macro
Manoj Pradhan   Manoj Pradhan Founder & Global Economist Manoj was most recently Managing Director at Morgan Stanley. He joined Morgan Stanley in 2005 after serving on the faculty of the George Washington University and the State University of New York. While at Morgan Stanley, Manoj worked on quantitative macroeconomics, emerging markets and global economics.
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Update on the Roaring 20s Scenario II

13 Feb 25 15:00 GMT / 10:00 EST

Yardeni Research
Edward Yardeni   Edward Yardeni President & Chief Investment Strategist Dr. Edward is the President and Chief Investment Strategist at Yardeni Research, where he and his team provide daily Morning Briefings on key trends in the economy and financial markets for investment decision-makers. With 25 years on Wall Street, Ed has served as Chief Economist at EF Hutton, Prudential Securities, CJ Lawrence, and Chief Investment Strategist at Deutsche Bank Securities. A leading independent strategist, he is frequently featured on CNBC and quoted in the financial press. Ed has also worked at the Federal Reserve and the US Treasury. He holds a B.A. from Cornell and a PhD from Yale, where he studied under Nobel Laureate James Tobin.
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Market Outlook for '25 - The Great Inflation Comeback

06 Feb 25 09:30 GMT / 10:30 CET

Trahan Macro Research
Francois Trahan   Francois Trahan President François Trahan is the founding partner of Trahan Macro Research and the Center for the Macro Specialist Designation. An economist with a master’s in finance and econometrics, he is renowned for his insights into market dynamics and the business cycle. Inducted into the Institutional Investor All-America Research Team Hall of Fame in 2016, he earned top rankings in Portfolio and Quantitative Strategy. François previously held senior roles at UBS, Cornerstone Macro, Wolfe Trahan & Co., ISI Group, and Bear Stearns, and began his career at Ned Davis Research and the Bank Credit Analyst. He is also the co-author of The Era of Uncertainty.
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IRF Lunch: Bust in China 2025?

05 Feb 25 12:30 UTC

Macrolens
Brian McCarthy   Brian McCarthy Managing Partner Brian is Managing Principal. From 2011 to 2018, he served as Chief Strategist and Portfolio Manager at Emerging Sovereign Group, where he managed the Nexus Fund, a China-focused macro hedge fund. Brian is a frequent traveller to China and has met with hundreds of individuals across the financial sector. These experiences have shaped his notably bearish perspective on financial risks in China.
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2025 Could be the Top for US Outperformance

04 Feb 25 16:00 GMT / 11:00 EST

Minack Advisors
Gerard Minack   Gerard Minack Director Gerard has been analysing, forecasting and advising on financial markets since 1987. His focus is the fundamental factors that usually drive investment performance: valuation, currency, monetary policy and the economic cycle. Gerard retired from Morgan Stanley in May 2013. He had been the global cross-asset strategist and before that Morgan Stanley’s global developed market equity strategist. Earlier in his career Gerard worked at ABN AMRO and BZW (both investment banks); Syntec Economic Services, an independent research provider; and in government.
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