Sep
14
Get Used to Volatility, Says Hedge Fund That Called August Rout
By-
Fed’s call this week won’t calm new normal of turbulence
-
Valuations and emerging-market woes give clues, 36 South says
Anthony Limbrick, whose hedge fund profited on bearish wagers during the August rout, says the recent turbulence in markets heralds a new era in increased volatility.
One clear sign to Limbrick: U.S. stocks are expensive — valuations for U.S. stocks when compared to earnings before interest, tax, depreciation and amortization hark back to the dot-com bubble era. Another: Emerging markets will continue to plague developed peers for years to come, mirroring the Asian financial crisis of the 1990s, he says. Limbrick’s firm, 36 South Capital Advisors, saw trouble brewing in developing economies back in 2013…
Get Used to Volatility, Says Hedge Fund That Called August Rout
