Stay the course and rebalance, it’s not that bad – SSgA

He predicts that many hedge fund managers will close down because they realise it is unlikely they will reach high-water marks, which are designed to allow investors to recover losses without having to pay performance fees until the original targets are reached.

He said that the impact of asset allocation rebalancing by disciplined pension funds would assist the recovery.

“I think we could end the year with the (US share) market at around the level of June or July,” he said.

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The AI boom has left super funds with nowhere to run

Whenever super fund CIOs are asked what they’re doing about AI risk, “diversifying” is always the answer. But as cross-portfolio exposures to the thematic grow and grow, that answer is no longer good enough.

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