Hedge funds that are holding out for central banks to normalise interest rates so their trades can start working again, better have a plan B.
That's the advice of Sushil Whadhwani, veteran hedge fund manager, policymaker and academic, in a presentation to Australia's hedge fund community on Tuesday.
"The consensus expects normalisation [of interest rates] but consensus has expected this every year since 2010, and its been wrong all but one year," the London-based hedge manager said a
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