The Globe & Mail – Canada’s best performing hedge fund manager of the past year has generated triple-digit gains from surging resource stocks, but now expects market leadership to switch to technology wallflowers.
“There will be a pullback in resources this year,” predicted Steven Palmer, the president of Toronto-based AlphaNorth Asset Management Inc. “By the end of this year, resource stocks will be flat to modestly higher, but returns won’t be as good as we experienced in 2010.”
