富达投资经理在伊朗战争爆发前押注通胀上升获利

Odaily Planet Daily News: Before the war in Iran broke out, Fidelity International portfolio manager Mike Riddell was skeptical of the prevailing view that global price pressures were easing. His contrarian bet at the time—that inflation was about to rise—has since paid off handsomely.

Months ago, he bought inflation swap contracts in the U.S. and the U.K., essentially hedging against the risk of inflation coming in higher than expected. This was because he believed that, even before the war in Iran drove oil prices above $100 per barrel, the bond market (and most of his peers) had significantly underpriced the risk of inflation.

In an interview, Riddell stated: "Given the multiple rate cuts that global investors were anticipating, the risk of a Middle East conflict was absolutely not priced into interest rates." Although he has slightly reduced his position, he continues to hold the inflation swap contracts. (Jin Shi)