Bloomberg – The U.S. Federal Reserve would risk its credibility with a second round of asset purchases because such a measure may have little impact on economic growth, said Colm O’Shea, the London-based hedge fund manager who hasn’t had a losing year since 2004.
The previous asset purchase program, executed last year, was supported by fiscal stimulus measures globally, inventory restocking and significant monetary easing, said O’Shea, 40, who runs $6 billion COMAC Capital LLP.
