(CNBC) In a new letter to investors, executives of the hedge fund Elliott Management warned that rapid inflation is their biggest concern in the current environment, adding that such a spike would not only collapse bond prices, but potentially lead to a stock market crash. “This may seem like a strange thing to worry about under the current circumstances, but the tide toward inflation could turn rather abruptly,” wrote the money managers in their third-quarter letter, dated Oct. 28. “If inflation starts accelerating to an annual rate of high single digits or greater, it will be quite difficult for the mix of strategies that Elliott favors to ‘keep up.'”
Hedge fund Elliott Management names its biggest worry: inflation
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