About this episode

David Clark interviews Dr. Christian Baylis about the failures of traditional investment strategies and the evolution of credit markets.

David Clark sits down with Dr. Christian Baylis, founder of Fortlake Asset Management, to dissect why the traditional defensive playbook is failing sophisticated investors. Dr. Baylis leverages his unique background - spanning elite international athletics, a PhD in inflation forecasting, and a decade managing $26 billion in fixed income and derivatives - to expose the structural shifts changing the debt capital markets. The conversation bypasses the standard market commentary to focus on how institutional plumbing has evolved since the Global Financial Crisis. Dr. Baylis explains why active alpha in traditional corporate bonds is largely a myth, how private credit stepped into the vacuum left by heavily regulated bank balance sheets, and why the future of defensive positioning lies in highly technical, non-correlated return streams like default arbitrage. They also dive deep into the current macro regime, offering a sharp, unvarnished critique of the Reserve Bank of Australia's dual remit and detailing exactly why central banks are chasing their tails on sticky inflation. Whether you are looking to insulate your portfolio from downside risk or find true, structural asymmetry in…

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