Andrew Redleaf, founder of Whitebox Advisors LLC, said he sees a “massive reallocation” from fixed income to equities within the next three years.
“For the past 20 years, generally speaking, credits have been more interesting than equities,” Redleaf said today at the Bloomberg Hedge Funds Summit in New York. “As far as I can see in the future that’s generally reversed.”
Whitebox is a Minneapolis-based firm with about $2.3 billion in assets under management.
To contact the reporter on this story: Margaret Collins in New York at email@example.com
To contact the editor responsible for this story: Christian Baumgaertel at firstname.lastname@example.org