Nau Bernués
I'm Nahuel Bernues, a seasoned finance expert with over a decade of experience in the financial sector. I hold a Bachelor's degree in Economics from the prestigious University of Buenos Aires (UBA) and a Master's degree in Finance from the University Torcuato Di Tella (UTDT). Additionally, I'm honored to possess the Chartered Financial Analyst (CFA) certification from the renowned CFA Institute and proudly hold membership in Mensa. My journey in the world of finance has been a fascinating one, encompassing diverse roles such as financial advisory, corporate leadership, business development, and investment portfolio management. I consider myself a passionate leader who derives immense motivation from empowering my team members. My expertise lies in financial analysis, financial strategy, business strategy, strategic structuring of businesses and investment management. Yet, my aspirations extend far beyond my professional achievements. For years, I've been driven by a deep-seated desire to shape a business industry that is characterized by transparency, ethics, and responsibility. In every interaction, meeting, or exchange, I extend an invitation to others to join me on this noble mission, sharing my values, beliefs, and practices that align with a profound commitment to client care and industry integrity. This commitment led me to establish Quaestus Advisory back in 2018. At Quaestus Advisory, we specialize in providing personalized financial guidance and adopting a comprehensive approach to meet the unique requirements of each client. My vision is to offer unwavering support and tailored solutions, ensuring that our clients receive the best possible service. In addition to my work in finance, I'm an ardent enthusiast of the business world and the art of value creation. I serve as an angel investor in multiple startups, contributing to their growth and success. Simultaneously, I'm proud to be the President and co-founder of Ditiae Desarrollos, an innovative real estate development company. My commitment to continuous improvement is unwavering, as evidenced by my dedication to ongoing learning. I constantly refine my skills and stay up-to-date with the latest tools to provide enhanced value in the organizations I'm involved with. In my leisure time, I pursue one of my passions: languages. I view languages as gateways to understanding and connecting with diverse cultures, and I've achieved proficiency in English and German, apart from my native tongue Spanish I understand and speak French, Portuguese and Italian. I'm more than just a finance expert; I'm a visionary leader dedicated to shaping the future of finance and business, one innovative idea at a time. My commitment to ethical practices, unwavering dedication to clients, and passion for value creation define my journey. Stay tuned for more insights and updates as I continue to make my mark in the world of finance and beyond.
Beautiful morning, isn't it?
Argentina is all or nothing. Just a few weeks ago, the country seemed to be on the edge, and today the market buys anything that is blue and white. There's strong celebration because economic activity is starting to pick up, and we're climbing out of the hole. Additionally, tomorrow the import exchange rate will drop by 10%.
Deepening the Model, but with Restrictions?
The chainsaw continues to set the agenda and anchor the economic program. With another fiscal surplus, the government continues to gain ground in cutting back, leading to a leaner state. In a more favorable international context, Argentine assets continue to gain value.
Argentina: Safe Haven and Land of Opportunities?
On a Monday when the world seemed to be ending, Argentina turned out to be a safe haven. No, it's not a joke. It was the best week in months for Argentine assets and for the government, which continues to capitalize on RIGI, the "chainsaw," tax cuts, and the apparent reaction of the economy.
Is the Energy That Argentina Needs Arriving?
A week full of investment announcements that could bring fresh dollars to a country struggling to stay afloat. Will they arrive before it drowns? The government keeps accelerating, while the market remains skeptical; both sides continue to be at odds in a week marked by external turbulence and government comments during a private meeting.
Hand-to-Hand with the Market, the Government Gains Ground
The tug-of-war over the dollar is on everyone’s lips, but fresh dollars are on no one’s. The government accelerates, but the market distrusts. While wages recover, the industry is destroyed. The government and the market, disassociated, set the pace week by week in a contest that seems to have no resolution in sight.
Returning to Roots to Start Gaining Traction
The agricultural sector is driving activity, the twin surpluses hark back to a past of strong growth, and meanwhile, a government keeps making a mix that the market doesn't buy. The strong peso appreciates while the market isn't convinced by the measures, bonds fall, and country risk rises.
A New Phase
The government buys cheap dollars and sells it for a profit. Meanwhile, we have the May Pact in July, a true reflection of what Argentina is. The government is betting that devaluation does not generate any added value and seeks to avoid it at all costs (even if it means recession).
Expectations Don't Feed Us
Activity Still Waiting for Recovery. Still No Definition of New Letters, in a Quieter Week the Dollar Continues to Rise While the Blow to Bonds and Country Risk Continues. It's Hard to Rise from the Ocean Floor Without Facts, Expectations Are Beginning to Run Out.
Goodbye Repos. Hello Monetary Regulation Bills
The government ends the repos through MRBs with interest borne by the Treasury instead of continuing to liquidate them via auctions as much of the market expected. Meanwhile, volatility remains present despite the approval of the Bases Law, Fiscal Package, Earnings, and declining inflation. Economic activity? Well, thank you.