Ivory Fund, Like Bridgewater, Thinks Deleveraging A Market Issue With Legs

After having a rough third quarter, reporting a loss during the period of 1.75 percent, the Ivory Fund, like Goldman Sachs, believes a strong dollar would be a headwind U.S. firms with foreign sales exposure going forward.

Ivory Fund concerned about Federal Reserve’s stimulus program

In a letter to investors reviewed by ValueWalk, the Los Angeles-based hedge fund said the market is showing a degree of concern and volatility around the final conclusion of the U.S. Federal Reserve’s stimulus program, providing logic for the recent stock market volatility.  This deleveraging is a similar concern expressed in Bridgewater Associates 

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