Volatility goes with the territory at Jesper Uttrup's Cresco long/short European equity fund. But he has a habit of being right in his market view - and he is now very bearish again
The last two or three years have seen unprecedented levels of volatility in the European equity markets - with uncertainty spiking again in recent weeks amid mounting concern about the future direction of the global economy, the financial system and world markets.
Many hedge fund managers have been thrown off course as a result of the rollercoaster ride, while others have thrived in the turbulence. Very much in the latter category is Jesper Uttrup, the well-regarded former Danske Bank man and founder of Copenhagen-based Uttrup Financial Advisors.
Volatility is a major part of