On the SBS On the Money Podcast, we shared our perspective as an AI-native global equities fund on the market implications of a potential US Federal Reserve rate rise. Minotaur Capital co-founder Armina Rosenberg discussed how consumers and investors are nervous but not panicked, pointing to four connected concerns: rising oil prices, bond yields approaching 5%, central banks tightening into an oil shock, and the ongoing debate around returns on AI infrastructure investment.
We explained how our approach to global equities combines fundamental investing with AI, running around 35 AI agents alongside just three humans, allowing us to cover roughly 2,000 stocks. On our investment outlook, Armina noted:
we think investors should diversify into things that don't depend on AI capex.
We shared how we bought Pilgrim's Pride, coining our "chicken and chips portfolio," while remaining selectively long on software names like GitLab and CrowdStrike. With a 5% bond yield and oil above US$100, we believe real earnings and pricing power matter more than ever, and see current volatility as driven by positioning rather than fundamentals, creating opportunities across global equities.
Watch the full interview below.