Clients and friends of BNY Mellon met on November 1 at South Florida’s premier golf resort, Trump National Doral, to listen to Carlos Rodriguez, senior CPM of Newton IM, talk about the BNY Global Real Return and the BNY Global Equity Income Funds. Afterwards, they enjoyed a Scramble golf tournament on the iconic Red Tiger golf course. Networking conversation followed at the Champion’s Bar and Grill.
During his presentation, which followed a speech by David Ayastuy, Managing Partner of Unicorn-the firm that distributes BNY Mellon strategies in US Offshore and Latam, Rodríguez went over the capabilities and differentiators of each of the strategies, mentioning that, “considering that we are living the longest bull market in history, it makes sense to have strategies that can handle the possible end of this cycle… A strategy that not only takes advantage of the upside but protects your investment in difficult times.”
In his opinion, “there are many signs that show that we are near the end of the cycle, it does not mean that it is going to happen this month but we are close, and we prefer to miss the last two innings of the bull market that participate in the first of the bear.”
The specialist placed special emphasis on the fact that, despite the US’ positive outlook, one must look outside to anticipate the global situation, “since in the last almost 10 years, the United States has only contributed to 17 % of global growth, so it is very good that things are fine there, but we care more about what is happening in China, and that is not very positive right now.”
After the presentation, the attendees enjoyed a lunch and got ready to play a round of golf. The winners of the tournament were:
- Norberto Quirno Costa – UBS
- Ezequiel Sporleder – UBS
- Agustín de Estrada – Aurora Partners (Bolton)
- Carlos Rodríguez – BNY Mellon – Newton IM
Agustin de Estrada also won the longest drive and Carlos Marranzini of Merrill Lynch took home closest to pin.
For Funds Society, Madrid
