Fund managers ‘excited’ about the end of cheap money
Investors from the Future Fund to hedge fund GMO are preparing for a stock pickers market as interest rates near their peak in the cycle.
As the era of cheap money comes to an end after the fastest monetary tightening in a generation, fund managers say they are “excited” about the investment opportunities that higher volatility will throw up.
Speaking at The Australian Financial Review Alpha Live Summit this week, James Montier, senior investment strategist at GMO, said current market conditions were much more “appealing” for the Boston-based hedge fund.
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