INSUBCONTINENT EXCLUSIVE:
LONDON: The ranks of hedge fund managers expecting impending market chaos are growing.
Greg Coffey, the former star manager at Moore Capital
Management who started trading at his own firm this year, is comparing the turmoil in May to the end of dotcom bubble in 2000
of 2008 in a letter to clients.
The two managers, among the bestknown in Europe, join a growing chorus of investors predicting an end to the
decade-old rally in asset prices, as central banks move to normalize policies and the rise of populism threatens trade across the globe
Billionaire George Soros in May warned of a looming financial crisis and an existential threat to the European Union
investors letter for his Kirkoswald Capital Partners
strategy for years as central banks across the globe bought assets to prop up markets
73 billion euros ($85 billion) in socalled alternative and active strategies
Trillions of dollars were erased from global stocks in early February when a sudden surge in volatility surprised investors who were betting
that central-bank money printing would keep markets calm
The wild ride resumed in May when political turmoil in Italy sparked a selloff, and continued into this month amid trade stress between the
alternative assets at Geneva-based investment firm Reyl Cie