“Trump’s underestimation of COVID-19 risk provides investors with an incredible gift-it gives the market more flexibility than it should and allows us to ensure a reasonable position for our portfolio.”
This is how Axon Capital co-founder Dinakar Singh paid tribute to the president and dealt with the coronavirus pandemic in a recent report to investors quoted by Reuters.
Trump has certainly assumed this role, and he admitted that he must be a “cheerleader” to avoid creating “destruction and shock” in the world’s most infected and deadly country.
Singh wrote: “We can’t believe that’China’s situation will stay in China’,” Singh’s hedge fund has approximately $1 billion in assets overseas, and its bets on technology giants so far this year It has risen about 30% to nursing stocks and Japanese companies.
Specifically, the fund took advantage of the fundraising opportunities of Google owner Alphabet US: GOOG
, Facebook USA: FB,
Centene US: CNC,
Humana US: Humph
And Olympus US: OCPNF
, While profiting from short bets on retailers Gap US: GPS
And Cole’s America: KSS
As Reuters reported, axons have exceeded average hedge funds, which fell 3.5% in the first half. Singh said he was able to hedge by “adding some volatility protection measures” earlier this year, a move that “staked in January and early February, but has been helpful since then.”
What’s next Sing, former Goldman Sachs America: GS
A stock picker put forward a bearish view: “All investors should seriously consider buying’protection’ to prevent a structural rise in interest rates.”
Dow Jones Industrial Average: DJIA does not need much downside protection during Tuesday’s trading session.
Push up the gate. S&P 500 US: SPX
And Nasdaq Composite Index: COMP
Slightly lower, check last.