Bonds will cushion equities in election volatility – Lombard Odier
August showed old risk models can be trusted ahead of voting day, says investment manager’s macro chief
Florian Ielpo saw in August’s market turmoil a practice run for buy-side risk models ahead of the upcoming US election.
The positive conclusion, he reckons, is that models that misfired in recent times are likely to run more smoothly in November.
“This election will happen at a moment when your old risk model is likely to work once more, as it hasn’t for a couple of years,” says Ielpo, who heads
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