Hedge Fund Managers See Echo of Past Crashes in Markets
- Coffey, Clark join managers warning a crisis is brewing
- ‘The ghosts of 2000 are upon us,’ Coffey tells investors
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The ranks of hedge fund managers expecting impending market chaos are growing.
Greg Coffey, the former star manager at Moore Capital Management who started trading at his own firm this year, is comparing the turmoil in May to the end of dotcom bubble in 2000. Horseman Capital Management’s Russell Clark, one of the most bearish hedge fund managers in Europe, invoked memories of the financial crisis of 2008 in a letter to clients.