Government intervention and mounting debt are reshaping the global economy, forcing investors to adapt to a new era where prudence, liquidity and resilience matter more than ever.
In Talaria Co-CIO Hugh Selby-Smith’s latest article for Investor Daily, he discusses how the global economy is increasingly shaped by heavy government spending, growing debt piles and a rising sense of uncertainty. Adding further worry is the natural push-and-pull of the market is being steadily replaced by government control, particularly in the US which is actively managing the economy with political considerations taking priority over economic ones.
“While the US has always blended private enterprise with state influence, the mix has become far more one-sided in recent years. As the invisible hand of the market is swiped aside by the clunking fist of government, investors must come to terms with a new reality – where and how capital is allocated is no longer driven only by profits and prices,” Hugh said.
Hugh is the Co-Chief Investment Officer and Head of Research at Talaria, having joined the business in 2016.
He began working in international equity markets in London in 1999 covering a range of global industries and sectors at Kleinwort Benson and Goldman Sachs, where he was consistently recognized by the likes of Institutional Investor, Greenwich Associates and Thomson Extel for his work.
He subsequently joined the international equities specialist TT International where he was part of the six-person team responsible for managing the firms long only Institutional Funds.
Hugh holds a Bachelor of Commerce and a Bachelor of Letters from Melbourne University, and co-founded Talaria Asset Management in 2018.
