Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

Gautam Jain has over 25 years of experience covering global emerging fixed income and currency markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specializes in portfolio construction, smart-beta index creation, and asset allocation. Mr. Jain holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.

Forint to Lag Even as the Hungarian Central Bank Raises the Pace of Rate Hikes

Alpha Bites: Long Hungarian Forint (HUF) Vs Short Czech Koruna (CZK)

Implications of Higher Dollar Volatility for EM Currencies

Alpha Bites: Long Romanian Leu (RON) Vs Short Czech Koruna (CZK)

FX Dashboard: Winners and Losers in the EM Turnaround

Rates 10y Dashboard: Hungary’s Lag Looks Overdone

FX Dashboard: Which Currencies to Target in a Carry Trade Environment?

FX Dashboard: Does the Indian Rupee Have More Room to Run?

FX & Rates

<p>In this note, we go over the rationale behind the recent outperformance of the Hungarian forint and make the case that the currency can continue to appreciate in the near term.</p><p>Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.</p>

In this note, we go over the rationale behind the recent outperformance of the Hungarian forint and make the case that the currency can continue to appreciate in the near term.Separately, the attached file is a snapshot of the EM currency market in which we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to an EM currency index.

FX Dashboard: Hungary’s Outperformance Is Playing Catch-Up