One of the world’s most famous and venerable fund managers, Daniel Fuss, vice chairman of Loomis, Sayles & Company, recently spoke out against government bonds amid a litany of geopolitical uncertainties.
Fuss, 83, has been in the finance game a long time. And he’s never quite been this cautious on the bond market as he is right now. From Reuters:
“Have we ever been this cautious before? Not recently,” said Fuss, who started his career in bond investment in 1958. “In my early days in the ’60s and ’70s, a certain amount of caution periodically was helpful,” said Fuss.