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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
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