In The News - New York Times Dealbook - Altana’s Robinson Takes on Inflation
Lee Robinson, the London-based hedge fund manager and co-founder of Trafalgar Asset Managers, is worried about inflation.
As he sees it, the current market volatility and the European debt crisis make this the “most dangerous period for financial investment since World War II.”
“Matters have gotten out of control of governments, and that is very dangerous,” he said, adding that the endgame was stagflation. “You end up with a recession, higher prices and more bankruptcies,” Mr. Robinson said.
In an environment of continuously increasing inflation, Mr. Robinson, who last year started his new venture, Altana Wealth, likes the debt issued by countries like Norway, Australia, Canada and Singapore. He believes the economies have “good inflation protections and a history of being willing to repay their debt.” He is also bullish on gold, despite the recent price increases.
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