Anatole Kaletsky

Anatole Kaletsky is a co-founder of Gavekal Research, a macro research firm serving institutional investors globally. He previously served as economics editor and columnist at The Times and Reuters. His book "Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis" (2010) argued for an adaptive capitalism that integrates government and market forces after the 2008 crisis. Gavekal Research provides macro and China economic analysis to a large institutional client base. Kaletsky is known for synthesizing economic theory and market analysis for practitioner audiences. His analytical framework distinguishes between four structural regimes of capitalism — laissez-faire, big government, mixed economy, and adaptive capitalism — helping institutional investors understand the historical context of policy interventions and their likely impact on asset allocation across equity, fixed income, and commodity markets.