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Alternative Market Briefing

Why we may not realize Black Monday even after the event has started

Tuesday, February 20, 2018

Komfie Manalo, Opalesque Asia:

The best-case scenario in any market environment is when you would know when the event happens. But according to Vishweshwar Anantharam, co-founder and CEO of multi-asset macro fund Vanhau Asset Management, most likely even after the event has started, you might not really realize that the Black Monday is upon you.

Addressing the participants in the Opalesque Hong Kong Roundtable, Anantharam explained that the events leading to the 2008 global financial crisis had all the signals all the way from 2007.

He said, "Bear Sterns went down in March of 2008 and in July of 2008, Chuck Prince the then CEO of Citibank was saying that he is still dancing to the music. Then we had the Lehman event in September which was a surprise despite the set of bizarre set of events which transpired before the eventual fall. So I don't think one can time the market exactly and I agree that the only way one that can do it is probably to be allocated to various strategies and then try to increase the allocation as you see various warning signs."

Given the fact that the Hong Kong Roundtable was published mid January 2018, a lot of his statements have been validated since then: Without saying an exact time frame, Anantharam hinted that the timing for another market correction is near because for the first time after eight......................

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