Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund manager Au worries about Trump's aggressive behavior, interest rates and valuations

Monday, July 03, 2017

Komfie Manalo, Opalesque Asia:

The financial markets are concerned about President Donald Trump's aggressive behavior in responding to threats, including Russia, the ISIS and Syria, said Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management.

"Among my list of concerns are the possibility of military conflict between the U.S. and another country," Au said. He added, "President Trump's personality is much more aggressive in responding to threats such as Russia. Unlike the previous administration, the Trump administration does not kowtow."

On June 18, a U.S. warplane shot down a Syrian Su-22 jet fighter the southern Raqqa countryside. The shooting of the Soviet-built fighter plane came as two US Navy F/A-18E Super Hornets engaged the Syrian warplane the Pentagon accused of dropping bombs near U.S.-backed forces in the region.

Au said that military conflict is not priced in the financial markets "because it is too unbelievable to happen." He continued, "The markets have always believed that such a conflict would never happen because the consequences would be very bad. Then again, if there was a nuclear war, the financial markets may be the least of our worries."

Gondor hedge funds outperform through May

Au raised his concerns over the geopolitics in Europe and the Middle East as his two hedge funds continue to outperform. His domestic hedge fund Gondor Partners, LP climbed 9.68% through May (+1.26% MTD), beatin......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1