The growing trend towards economic nationalism may ultimately hurt international equities, according to Talaria Co-CIO, Chad Padowitz.
Chad noted that the global economy is moving from a period of global integration, which began in the early 1990s, towards a period of heightened nationalism and trade protectionism, led by the US.
“Geopolitical events, including economic nationalism and onshoring, require a fresh assessment of capital, risk, and how countries depend on each other,” he said. “We are in the midst of a fundamental change to the global integration we’ve witnessed in the past three decades.”
Chad Padowitz is the Co-Chief Investment Officer of Talaria Asset Management. He has more than 25 years’ experience in the financial services industry in the UK, South Africa and Australia.
His experience includes working as an analyst in the treasury department at HSBC Bank in London, in derivative reporting and analysis, and as an equities research analyst at First National Bank in South Africa.
Chad holds a Bachelor of Commerce from University of the Witwatersrand (South Africa), is a Fellow of the Financial Services Institute of Australasia and is a Chartered Financial Analyst charterholder. Chad co-founded Talaria Asset Management in 2018.
