Market rally delivers hard lessons for fund managers

Financial Times LogoFinancial Times1w ago

Market rally delivers hard lessons for fund managers

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A good chunk of it seems to have come from funds that were extremely bearish, with lots of shorts — or bets against stocks — on their books.

Anik Sen, head of equities at PineBridge Investments, is what you’d call a bottom-up investor, building portfolios focusing on a relatively small number of stocks — 30 to 40.

Some market participants took that as a cue to ramp up bets on rate cuts and get back in to stocks that have suffered while the Fed has talked tough on inflation.

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Article Details

Author / Journalist: Katie Martin

Category: MarketsFinanceInvesting

Topics: Been Funds Year Says Investors July Markets Stocks Financial Cent Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 04:00:42

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 6 minutes read

Article Length: 963 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 113302

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