SkyBridge’s Scaramucci Says Hedge Funds Confident About Global Economy

Aug 12 2010 | 12:29pm ET

Despite worrying news about the global economy, hedge funds do not expect the markets to tank, according to two industry players.

“I don’t think we’re looking at a long-term train wreck,” SkyBridge Capital’s Anthony Scaramucci told CNBC’s Fast Money.

“There’s no question that the Fed signaled they’re worried,” he said. “But most of the hedge funds I spoke with on Wednesday are only looking for a 5% to 10% correction.” Scaramucci added, “over the next three to four weeks, I think we see the market stabilize.”

Metropolitan Capital’s Karen Finerman agrees that hedge funds are well positioned, and won’t contribute to the problem, at any rate.

“No hedge funds that I know of are levered up big,” she told CNBC. “That should mean we’re not going to see forced selling in the marketplace.”

“And for what it’s worth,” Scaramucci said, “I don’t think there will be a double-dip.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...