{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Brown Advisory CIO Perspectives","title":"AI, Rate Cuts and Market Resilience with Ryan Myerberg","html":"","width":"100%","height":180,"duration":2969,"description":"In this episode of CIO Perspectives, Sid Ahl and Erika Pagel, Co-CIOs for Private Clients, Endowments and Foundations at Brown Advisory, are joined by Ryan Myerberg, Partner and Portfolio Manager on the firm’s Global Fixed Income team. Ryan brings deep experience across public and private credit markets, having previously served as CIO of Absolute Return Fixed Income at Amundi and led the global fixed income platform at Janus Henderson.The conversation centers on the evolving fixed income landscape, with Ryan offering a candid assessment of the past three years—marked by rapid market flashpoints, geopolitical shocks and heightened rate volatility. He shares how his team navigates this environment by leveraging interest rates as an alpha-generating lever and maintaining a flexible, unconstrained approach to portfolio construction.Macro themes such as AI-driven growth, labor market fragility and the Fed’s rate-cutting cycle are explored in depth. Ryan discusses the bifurcation in the U.S. economy, where AI investment is powering top-line growth while traditional sectors show signs of weakness. He also highlights the risks of overbuilding in AI infrastructure and the circular financing dynamics emerging across tech and credit markets.On the global front, Ryan outlines opportunities in non-U.S. markets, noting that central banks outside the U.S. are ahead in their cutting cycles. He shares views on currency exposure, emerging market debt and the structural repricing of the U.S. dollar, driven by hedging flows and investor reallocation.The episode closes with a discussion on credit spreads, securitized assets and private credit. Ryan emphasizes selectivity, cautioning against chasing yield in a frothy market and advocating for high-quality, idiosyncratic opportunities. Sid and Erika reflect on Ryan’s thoughtful approach to risk, his global perspective and the importance of active management in today’s complex fixed income environment.---The views and opinions...","thumbnail_url":"https://img.transistorcdn.com/cea_fOg5jD6VQyMZUcehYYYmXt8p6FTDovdCQNfQYsc/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zNTgx/M2UyMzE5NWUyNjg1/YTVkN2Y4ZDk4NjU2/Yzk3OC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}