The first episode of Gamma Explains is dedicated to the topic of inflation, a multifaceted issue that plays a crucial role in shaping market dynamics and economic policies.
Nowadays its importance continues to be underscored by its pervasive impact on consumer behaviour, investment strategies, wage dynamics, global trade, and overall economic stability. Understanding and managing inflation is essential for policymakers, businesses, and investors alike to navigate the complexities of modern economies.
Against this background, Andrea Beltratti (Chairman of the EFG Gamma Foundation and Full Professor at Bocconi University) and Daniel Murray (Deputy CIO & Global Head of Research at EFG) explain what inflation is, the different types of inflation as well as how investors can protect their investments with both low and high inflation situations, and what are the best assets to protect from the risk of inflation.
Episode Speakers
Andrea Beltratti
Andrea Beltratti is Full Professor in the Department of Finance at Bocconi University, Academic Director of the Executive Master in Finance – EMF at SDA Bocconi School of Management, Chairman of Revo Insurance and Chairman of the EFG Gamma Foundation.
He had been Chairman of Eurizon Capital until 2024 and of the Management Board of Intesa Sanpaolo until May 2013.
Andrea has a Ph.D. in Economics from Yale University, where he wrote a dissertation on financial market volatility under the supervision of Prof. Robert Shiller.
He has been member of the Board of Directors of EFAMA (European Fund and Asset Management Association), President of the FEDUF (Fondazione per Educazione Finanziaria), and part of Investment Committees of institutional investors.
Daniel Murray
Daniel Murray is Deputy CIO & Global Head of Research at EFGAM, CEO of EFGAM Switzerland and Global Head of Discretionary Portfolio Management (DPM).
He has broad investment experience, having worked as an economist, strategist, asset allocator and portfolio manager with exposure to a broad range of markets, instruments and investment styles.
Having already worked for EFG in London from 2003 to 2007, he rejoined EFG Asset Management (UK) Limited in 2010 and has since held various senior roles. From 2007 to 2010, he worked for Russell Investments as Director of Strategy. Prior to 2003, he worked as a Portfolio Manager for Merrill Lynch Investment Managers.
Daniel Murray has been a CFA Charterholder since 2003 and has been Chair of CFA UK since 2018. He holds a BSc Hons degree in Economics from the University of Bristol, an MSc in Econometrics and Mathematical Economics from The London School of Economics and Political Science, and a PhD in Economics from the University of Bristol. In 2009, Daniel Murray was awarded the CFA UK Wincott Prize.