Central banks around the globe are changing track after the Covid-19 pandemic. But as generous monetary policy is being tightened, the risks of mistakes, surprises and fluctuations on the market increase, a number of Danish managers believe.
"There has been a paradigm where the Federal Reserve has decided what the reality is. The question is now whether this reality is so far removed from the actual state of things that we are now going back to a market where inflation, deficits and other parameters are in focus instead," says Jens Larsson, partner and chief portfolio manager at the hedge fund St Petri Capital.
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