"Multimanager Funds Are 20x Leveraged... With Each New Billion The Risk Of A Disorderly Unwind Only Grows"

By Eric Peters, CIO of One River Asset Management

“Came into the year with my team expecting 50 basis points of rate cuts and with the market pricing 125,” said Lone Star, a Top-5 best performing US endowment CIO. “Now the market has priced out 2-3 rate cuts, yet stocks have gone straight up, so something interesting is happening,” he said.