Hendry on the 'buying opportunity of a lifetime'

Renowned hedge fund manager Hugh Hendry is urging investors to short US treasuries should yields sink further from their current lows, as it would be a "lifetime buying opportunity for risk assets".

Writing in the Financial Times, the CIO and founding partner of Ecelectica Asset Management said further challenges to the global economy, however minor, could cause a severe dip in the markets and investors should be ready to take action. "I would contend that it may take several more years before the threat of debt and deflation can be successfully exorcised from investors' minds, even if the global economy were not set on such a perilous course. Such is the potency and memory of 2008's crash that anything remotely challenging to the economic consensus could be met by a sudden and seve...