“This has been such a frustrating environment to express risk management in,” Michael Gayed, the chief investment strategist who helps oversee $250 million at New York-based Pension Partners, said in a phone interview. “The buy-the-dip mentality is so prevalent, so that with every minor drop there’s an expectation that there’s going to be a rip higher.”
Hedge Fund Bears At Year High As Equities Focus On Budget
October 14, 2013
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