There aren’t a lot of investors who can say they warned clients about the coronavirus crisis and eventual 30% stock market collapse, but hedge fund founder Dan Niles is certainly one of them.
In a February letter obtained by Yahoo Finance sent to clients of his long-short Satori Fund, Niles warned he was becoming “increasingly worried” that central bank accommodativeness was overshadowing the impact that COVID-19 would have on the global economy. After adjusting his position before the S&P 500 fell by more than 30%, his Satori Fund finished the first quarter in the green. But speaking to Yahoo Finance Wednesday, Niles warned that the brief respite from selling to end March was more likely due to pension fund rebalancing than it was due to a true, bonafide bottom and he projected up to another potential 30% drop from March’s end point.
To read the full article visit:
https://finance.yahoo.com/news/investor-who-called-coronavirus-collapse-were-not-even-close-to-a-bottom-110659642.html
3 Comments
Jeff Stephens
4/6/2020 11:33:14 am
Would be intrested in investing would like to visit with you .presenly investing with fidelity . Ph. 580 445 4246
Reply
David Hall
4/18/2020 06:22:42 pm
I am an inexperienced Canadian investor that lost 25% of my Registered Retirement Fund. I have only recently discovered you and agree with everything that I have read from you. If there is any way you could find it in your heart to assist me, I would be forever grateful. My portfolio is not very large. Thanking you in advance.
Reply
John Doe
4/23/2020 12:35:08 am
Careful, performance over time lesss than buy & hold s&p500
Reply
Leave a Reply. |
Archives
November 2021
Categories |