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Monday, September 09, 2013|
BlackRock Bond PM: More Volatility to Come Than Seen in 25 Years
A BlackRock [profile] PM has some foreboding words on what to expect from the Fed's tapering plans, FTAdviser's Nick Reeve reports.
BlackRock's Absolute Return Bond fund PM, Ian Winship, didn't undersell the expected volatility, as he was quoted by Reeves as saying he was preparing for what could be "the hardest period in my career." Winship has decided to focus on shorter-term strategic trades, but will not embark on any day-trading, Reeves writes.
Of the volatility, Winship was quoted as saying, "I don't think [tapering] is priced into the market. The Fed can talk, but if there is a run of strong data the market will get more volatile…I think there is going to be more volatility than I think I've seen in 25 years."
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