Diego Parrilla
Diego Parrilla is the Managing Partner and Chief Investment Officer at Quadriga Asset Managers, an independent asset and wealth management firm based in Madrid. In this role, he oversees the firm’s volatility, tail risk, and protected equity strategies, focusing on capital preservation, portfolio resilience, and risk-adjusted returns for institutional and private clients. With more than 20 years of international investment and leadership experience, Parrilla has held senior positions at leading global financial institutions in London, New York, Singapore, and Madrid, including J.P. Morgan, Goldman Sachs, Merrill Lynch, BlueCrest Capital Management, Dymon Asia, and 36 South Capital Advisors. His expertise covers macro investing, risk management, and portfolio construction across multiple asset classes and market cycles. Beyond his investment career, Parrilla is a bestselling author and respected thought leader who co-authored The Energy World is Flat with Daniel Lacalle and The Anti-Bubbles, both exploring macroeconomic cycles, financial crises, and alternative investment strategies. He also serves as a Visiting Lecturer at Imperial College London, where he shares his insights on global markets, volatility, and portfolio hedging with the next generation of finance professionals.
Diego Parrilla Professional Experience / Academic History
Professional Experience
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Chief Investment Officer
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Portfolio Manager of Macro Commodities
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Managing Director, Commodities Asia Pacific
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Executive Director, Commodity Sales
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Precious Metals Trader
Academic History
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M.S., Mineral Economics
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M.S., Petroleum Economics and Management
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B.S. and M.S., Mining and Petroleum Engineering
EARLY CAREER
Diego Parrilla began his career in global markets with leadership roles at several top-tier financial institutions.
At BlueCrest Capital Management, he served as Portfolio Manager, overseeing $150 million in macro absolute value strategies and raw materials investments.
He later co-founded Natural Resources and Commodity Advisors in Singapore, where he advised institutional clients and managed macro and commodities-focused strategies.
Earlier in his career, Parrilla held senior roles at Merrill Lynch, leading client coverage, investor and corporate solutions, and overseeing risk management and proprietary trading operations.
At Goldman Sachs, he managed metal sales and cross-commodity solutions for emerging markets and served on the firm’s Management Committee of the London Bullion Market Association (LBMA), contributing to the development of global metals and commodities markets.
Parrilla has also been invited as a guest lecturer and keynote speaker at prestigious institutions worldwide, including the London School of Economics (LSE), Singapore Management University (SMU), Institut de Formation Professionnelle (IFP) Paris, and the LBMA Conference in Vienna.
MEDIA PRESENCE & PUBLICATIONS
A recognized global macro investor and thought leader, Diego Parrilla is the author of the widely followed “Anti-Bubble Report”, a monthly newsletter providing insights into macro trends, market risks, and contrarian investment opportunities.
He is a regular media contributor and market commentator, collaborating with leading global outlets such as the Financial Times, The Wall Street Journal, CNBC, CNN, Bloomberg TV, Hedgeye, and Real Vision TV.
His commentary focuses on volatility investing, tail risk management, gold, and macro strategy.
Parrilla is also a bestselling author, having published two acclaimed books: “The Energy World is Flat: Opportunities from the End of Peak Oil” (Wiley, 2014), co-authored with Daniel Lacalle and released in English, Spanish, and Chinese, and “The Anti-Bubbles: Opportunities Heading into Lehman Squared and Gold’s Perfect Storm” (Business Expert Press, 2017), which explores systemic risk and defensive investment strategies.