Episode 4 - Fernando Guerrero, Varadero Capital, LP

Fernando Guerrero, Portfolio Manager of Varadero Capital, LP looks back at how the Global Financial Crisis shaped banking and credit (6:00), offers his take on the massive government assistance (10:00), why today's uncertain market provides a compelling investment opportunity (13:00), what is forcing asset owners to sell bonds (19:00), examples of opportunities in real estate debt securities (23:30). We finish up with Fernando's thoughts on longer term changes in as a result of the Covid-19 pandemic. The interview was conducted following the March - April 2020 market volatility brought on by the coronavirus outbreak.

This podcast was recorded on April 30th, 2020. The respective opinions expressed are those of Mr. Guerrero and the Biltmore Family Office, LLC investment team. The opinions referenced are as of the date of this podcast and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.

Biltmore Family Office, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about BFO’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.