Funds warned against long equity positions

WatersTechnology Staff
01 Jul 2004

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Lausanne – Hedge fund managers should interpret the anticipated US political and fiscal programme described at the Global Alternative Investment Management (GAIM) conference as “morphine now, cold turkey later” as a warning to exit long equity positions.

So says Jamil Baz, managing director and global head of fixed-income strategy at Deutsche Bank, speaking at the GAIM conference held from June 8 to 10 in Lausanne, Switzerland. Other speakers at the conference shared his views (albeit less

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