Reuters – Hedge fund COMAC Capital, the $5.2 billion macro fund run by Colm O\\\’Shea, is bracing for a fresh round of turmoil in European markets, people familiar with the fund said, and is sticking to its bearish strategy despite losing out in this year\’s rally.
London-based COMAC, down more than 5 percent in the period up to mid-March this year, believes the flood of cheap central bank cash into parched markets is only a temporary fix for Europe\’s ills, and masks the region\’s poor economic prospects, these people said.
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