Sunday 3 September 2017

The 110 Billion Dollar Man. Slippery

Is a current US top 20 hit for Migos & Gucci Mane.

Slippery is how the stock market is going to be says the man who manages US$110 billion and out performed two thirds of fund managers.

Especially dangerous is the Asian market and currencies.  Bloomberg has the story :

Nader Naeimi has bought gold, shorted emerging currencies.

‘Markets need a correction,’ the AMP Capital investor says

Stock markets are headed for a big selloff, maybe not today, but soon.

That’s the view of Nader Naeimi, who heads a dynamic investment fund at AMP Capital and helps manage about $110 billion.

The Sydney-based investor has about 30 percent of his holdings in cash, an allocation to gold and is short emerging-market currencies versus the dollar.

His fund has beaten 77 percent of peers over the past year, according to data compiled by Bloomberg.

“Markets need a correction,” Naeimi said. “There is a significant disconnect between uncertainty and market pricing of risk.

North Korea and other events will provide the triggers for a correction.”

“While today’s fall in risk assets might not be deep, the process is one of an incremental rise in market volatility,” Naeimi said. This “will culminate in a deeper-than-expected correction.”