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

MeNews
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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 higher-than-expected inflation. 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)
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VinylRadioProphecy
· 23h ago
Geopolitics + Energy + Inflation, a triple logical closed loop
View OriginalReply0
OrderbookOtter
· 23h ago
This return rate, skepticism wins
View OriginalReply0
RetroRadioSignal
· 05-24 10:26
Oil prices + geopolitical double whammy, he predicted it.
View OriginalReply0
GateUser-83c80dd0
· 05-24 10:14
Inflation swaps are a clever tool to use.
View OriginalReply0
ShatteredGlaze
· 05-24 10:13
When the market underestimates risk, having the courage to bet is true skill
View OriginalReply0
GateUser-509018a9
· 05-24 10:05
Looking back now, I suspect it was correct.
View OriginalReply0
VolatilityOfToastingBread
· 05-24 10:03
Slightly reduced the position but still holding, maintaining a steady mindset
View OriginalReply0
ColdBrewSparklingWater
· 05-24 10:03
This move is really bold; betting against the trend and still holding on.
View OriginalReply0
PatchNotes
· 05-24 10:02
British and American rhymes, well distributed and beautiful
View OriginalReply0
RugPullEnjoyer
· 05-24 10:01
The skeptics ended up eating the meat.
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