Podcast: Bloomberg's Ritholtz hosts veteran Felix Zulauf
In 1990, he founded Zulauf Asset Management, a Switzerland-based hedge fund. Prior to that, he ran the institutional portfolio department at UBS, eventually becoming Global Macro Strategist. He was previously an analyst in the bank’s research department, a position he hated; he preferred top down macro analysis over bottoms up stock picking. He notes that every cycle has a different driver; the last cycle was Housing and Credit; this cycle is China.