# Status of Alternatives - A Live Recording from Uncorrelated Puerto Rico

Page: https://stenobird.com/podcast/the-derivative-1211538/status-of-alternatives-a-live-recording-from-uncorrelated-puerto-rico
Text version: https://stenobird.com/podcast/the-derivative-1211538/status-of-alternatives-a-live-recording-from-uncorrelated-puerto-rico.md
Podcast: [The Derivative](https://stenobird.com/podcast/the-derivative-1211538)
Published: 2026-04-30T19:00:24+00:00
Episode link: https://podcasters.spotify.com/pod/show/rcm-alts-the-derivative/episodes/Status-of-Alternatives---A-Live-Recording-from-Uncorrelated-Puerto-Rico-e3inbmi
Audio file: https://anchor.fm/s/11908b3c/podcast/play/119303314/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-30%2F423221872-44100-2-629c612d2f8b.m4a
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-derivative-1211538/episodes/status-of-alternatives-a-live-recording-from-uncorrelated-puerto-rico
Duration seconds: 3035

## Resource

Recorded live in Puerto Rico, this special episode of The Derivative features host Jeff Malec with guests Brent Johnson, Jason Buck, and Mark Tower exploring how alternative investments are behaving in a world shifting from globalization to de‑globalization. The panel covers why some managed futures and volatility strategies haven’t delivered as expected in recent crises, the growing stress in private credit and liquidity mismatches, and the evolving roles of gold and Bitcoin as hedges against instability and fiat risk. They also dig into de‑dollarization versus continued dollar dominance, the power and data‑center boom tied to AI, and the coming capital wave into defense‑related technology and critical minerals. Finally, they debate whether AI is a truly transformational, deflationary force or just another tech cycle, how it may reshape portfolios, and how Puerto Rico’s unique tax regime influences where and how to run active trading strategies. SEND IT! Asset Management One Disclaimer: Asset Management One USA Inc. is a New York-based investment advisor and a part of Asset Management One Co., Ltd. group, a global asset management company headquartered in Japan. Asset Management One USA Inc. is jointly owned by Mizuho Americas LLC (MALLC) and Dai-Ichi Holdings. Asset Management Group consists of AMO USA as well as Asset Management One Co., Ltd and its subsidiaries including Asset Management One Alternative Investments, Asset Management One International Ltd., and Asset Management One Hong Kong Limited. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of Asset Management One USA Inc. itself. This recording has been prepared solely for informational purposes only and should…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-derivative-1211538/episodes/status-of-alternatives-a-live-recording-from-uncorrelated-puerto-rico/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-derivative-1211538/status-of-alternatives-a-live-recording-from-uncorrelated-puerto-rico.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.