RWC's Corcell: 'Trendless' US market needs rate clarity
Beating the US market will remain a challenge for active managers until the Federal Reserve's policy on interest rates is clear, according to RWC's Mike Corcell, manager of the long/short US Absolute Alpha fund.
Last week, the Federal Reserve signalled rate rises could be slower than markets anticipate, after the latest meeting of the Federal Open Market Committee. Analysts had previously forecast the first...
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