Alberto Gallo (born 1983) is

Chief Investment Officer The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as ...

and Founder at Andromeda Capital Management.

Education

In 1997, joined Scuola Navale Militare "F. Morosini" in

Venice Venice ( ; it, Venezia ; vec, Venesia or ) is a city in northeastern Italy and the capital of the Veneto Regions of Italy, region. It is built on a group of 118 small islands that are separated by canals and linked by over 400 ...

, where he become chief cadet of his class.
He graduated in

Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

from

Bocconi University Bocconi University ( it, Università Commerciale Luigi Bocconi, ) is a private university in Milan, Italy. Bocconi provides education in the fields of economics, finance, law, management, political science, public administration and computer sci ...

cum laude at 21, two years ahead of the norm.

Career

Gallo joined

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

in 2004, in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, moving to

Bear Stearns The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The compa ...

in 2007 to run global

credit derivatives In finance, a credit derivative refers to any one of "various instruments and techniques designed to separate and then transfer the ''credit risk''"The Economist ''Passing on the risks'' 2 November 1996 or the risk of an event of default of a cor ...

strategy. In the run-up to the crisis, Gallo's team warned investors about the imbalances building in the credit market. In 2008 he joined

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, as a

strategist A strategist is a person with responsibility for the formulation and implementation of a strategy. Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy ...

in the Global Investment Research division. In 2011 he joined

RBS RBS may refer to: Organisations Banking * The Royal Bank of Scotland, a retail banking subsidiary of NatWest Group ** RBS International, the offshore banking arm of NatWest Group Education * Regent's Business School * Rotterdam Business School ...

, becoming managing director and heading the global credit strategy team. Alberto Gallo and his team were ranked top 3 for Investment Grade Strategy and High Yield Strategy in 2013, 2014, 2015 and 2016 by

Institutional Investor An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked co ...

. Following the

global financial crisis Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno ...

, Gallo became critical of the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

response to the

Eurozone crisis The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. ...

, coining the term "QE infinity" to describe that the quantitative easing response would not be sufficient to restart

growth Growth may refer to: Biology * Auxology, the study of all aspects of human physical growth * Bacterial growth * Cell growth * Growth hormone, a peptide hormone that stimulates growth * Human development (biology) * Plant growth * Secondary growth ...

and

inflation In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reductio ...

, and would last for much longer than expected. Over the following years, he continued to advocate a focus on reforms, shifting away from the one-size-fits-all approach of QE infinity. In 2016, he joined Algebris Investments as partner and

portfolio manager A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future grow ...

, to launch and run the ''Macro Credit'' fund (later renamed as ''Global Credit Opportunities'' fund) designed to deal with negative interest rates and the QE infinity environment. The Algebris Global Credit Opportunities fund was awarded by EuroHedge in 2019 as ''Best Macro-Fixed Income Ucits'', and as the ''best Multi-Strategy Credit Fund'' by the AltCredit European Performance Award in 2020. The fund was ranked five stars by Morningstar in 2021. Gallo has been ranked by

Citywire Citywire is a London-based financial publishing and information group. It provides news, information and insight for professional advisers and investors globally. The company specialises in tracking the performance of fund managers. Citywire i ...

since 2020. In April 2022 Gallo resigned from Algebris Investments, to launch his own firm, Andromeda Capital Management, together with Aditya Aney. Gallo has been a participant to the ECB's Financial Stability Contact Group (FSCG) since 2015. He has published articles in the

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

, the

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

Bloomberg Opinion Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a ...

. He is a guest faculty at

SDA Bocconi School of Management SDA Bocconi School of Management (SDA standing for Scuola di Direzione Aziendale) is the graduate business school of Bocconi University. It is the leading School of Management in Italy and also stands among the top-ranked European institutions. ...

, and a CFA chartherholder.

References

External links

Alberto Gallo Biography on Algebris websiteAlberto Gallo on Twitter
{{DEFAULTSORT:Gallo, Alberto Living people 1983 births Bocconi University alumni