Fund managers now see the prospect of a “trade war” as the most significant tail risk to market since the 2012 EU debt crisis. This conclusion comes from Bank of America Merrill Lynch’s latest Global Fund Manager survey published this week.
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Q2 hedge fund letters, conference, scoops etc

The survey, which quizzed a total of 231 panelists managing $663 billion in assets under management, revealed that just over 60% of respondents believe a trade war is now the most significant tail risk to markets, up from under 40% in June 2018. According to the survey’s responses,...

