US-China trade rhetoric heats up.  2025 proving to be worst year for fund manager in decades, setting up for performance chasing

Video: Markets were roiled by China headlines Tuesday, but we ultimately see this as noise.  The bigger dynamic at play is the positive seasonals and the performance chasing, as many fund managers are trailing their benchmark.

Please click here to view our Macro Minute (duration: 4:34).

I am traveling in Latin America this week, meeting with institutional investors. The meetings have b...

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