Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

Fidelity Investment Managers Profited from Betting on Rising Inflation Before the Outbreak of the Iran War

MeNews
robot
Abstract generation in progress
ME News Report, May 15 (UTC+8), before the outbreak of the Iran war, Fidelity International portfolio manager Mike Riddell was skeptical about the view that global price pressures were easing. His contrarian bet at the time — that inflation was about to rise — has now paid off handsomely. A few months ago, he bought inflation swap contracts in the US and UK, essentially to hedge against the risk of inflation exceeding expectations. This was because he believed that before the Iran war caused oil prices to surge above $100 per barrel, the bond market (and most of his peers) had seriously underestimated inflation risk. Riddell said in an interview: "Considering the multiple rate cuts expected by global investors, the risk of Middle East conflict is definitely not reflected in interest rates." Despite slightly reducing his holdings, he still holds inflation swap contracts. (Jin10) (Source: ODAILY)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 11
  • Repost
  • Share
Comment
Add a comment
Add a comment
StargazingWithAMirroredSphere
· 12h ago
The skeptics finally won once, not easy.
View OriginalReply0
SymbolsInTheReflection
· 12h ago
Bet on both the US and the UK, risk diversification done beautifully
View OriginalReply0
FeeTakerPhD
· 05-24 17:37
Slightly reduced the position but still holding, indicating confidence hasn't wavered
View OriginalReply0
AirdropOnTheDune
· 05-24 10:20
Looking back now, the market has indeed underestimated the stickiness of inflation.
View OriginalReply0
GateUser-04e4dac2
· 05-24 10:15
Fidelity's move this time is indeed steady; going against the trend and positioning now really feels like a smart move.
View OriginalReply0
TheHiddenRisksBehindApy
· 05-24 10:04
Riddell is someone who can get along; when the market is shouting deflation, he dares to bet on inflation.
View OriginalReply0
GlassFishTankArbitrage
· 05-24 09:55
This macro hedging approach is worth learning.
View OriginalReply0
PixelMetaverseRaccoon
· 05-24 09:52
Fidelity's PM level is online
View OriginalReply0
Post-RainTvl
· 05-24 09:52
A generous return is deserved; be the first to dare.
View OriginalReply0
MirrorBallPeeking
· 05-24 09:52
Pre-war predictions, the information gap is still significant.
View OriginalReply0
View More

  • Pinned

Sitemap