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Investor With 30% in Cash Says North Korea Selloff Will Come

  • Nader Naeimi has bought gold, shorted emerging currencies
  • ‘Markets need a correction,’ the AMP Capital investor says
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Why Stock Markets May Be Headed for a Selloff

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Stock markets are headed for a big selloff, maybe not today, but soon.

That’s the view of Nader Naeimi, who heads a dynamic investment fund at AMP Capital and helps manage about $110 billion. The Sydney-based investor has about 30 percent of his holdings in cash, an allocation to gold and is short emerging-market currencies versus the dollar. His fund has beaten 77 percent of peers over the past year, according to data compiled by Bloomberg.