Jupiter's Bezalel: Volatility in February a 'rehearsal' for more to come later this year

Strengthening dollar a risk

Jayna Rana
clock • 3 min read

Ariel Bezalel, manager of the £3.9bn Jupiter Strategic Bond fund, has said he is extra cautious at the moment on fears of heightened volatility later this year as a strengthening dollar threatens the stability of global growth.

Speaking at Jupiter's annual investment dinner in London yesterday, the manager said risk assets had seen "better days" and that he was "amazed" by the sudden pick-up in volatility earlier this year. He said: "Our concern now is that the shocking rise is volatility in February was just a rehearsal for what we might see in the second part of the year because that is when the pace of the quantitative tightening in the Fed's balance sheet really goes into overdrive. "In conjunction with that, they still want to raise rates three times. They have raised once already and have done a slight...

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