AAP Podcast #62 – The Fixed Income Perspective with Jim Besaw, CIO of GenTrust

On this edition of the podcast, Chris Versace chats with Jim Besaw, co-founder and Chief Investment Officer at GenTrust, a firm that focuses on investment strategies for high-net-worth individuals, institutions, and family offices. Ahead of the Fed concluding its next policy meeting, we wanted to talk with Jim because of his role at GenTrust but also because of his background in fixed income. That history yields a very different take on the probability of Fed rate cuts than those captured in the CME FedWatch Tool. Jim also shares some of the risks he sees the Fed may look to avoid as they get ready to eventually dial back monetary policy.

Chris and Jim discuss some of the signals Jim is watching when it comes to the economy and a potential recession as well as how GenTrust thinks about putting capital to work in the current market environment. That prompts a conversation about the Magnificent Seven, P/E multiples, and AI, with Jim sharing how his firm has used AI since 2015. We close out the conversation by asking Jim how equity investors should approach the fixed-income markets when investing and qualities investors should look for in investment candidates ahead of what looks to be a wave of debt refinancing in the next several quarters.