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A $33 Billion Manager Says Resist Temptation to ‘Buy the Dip’

  • Flamand saw danger of ‘a particularly vicious correction’
  • Active managers and market neutral strategies will outperform
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AB Bernstein's Fisher Says Market Was 'Too Good and Too Calm' Ahead of Selloff

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Pierre-Henri Flamand, the chief investment officer of Man Group Plc’s GLG unit, said market swings could continue and warned against a tendency to “buy the dip” after a correction in global markets.

“The instinctive inclination to ‘buy the dip’ may be strong,” Flamand said in an emailed response to questions from Bloomberg. “As the past week has shown, this may not work so well. Indeed, I think what we have seen in the past week could continue for some time.”