Astellon Capital: Waiting For The Bubble To Burst

The bond market is in a bubble, equities have become a derivative of bonds, and the market’s recent gains are built on very shaky foundations, that’s according to Astellon Capital Partners’ latest market environment update presentation. Event-driven hedge fund Astellon Capital was founded by Vogel-Claussen and Bernd Ondruch in 2011 and fund invests across multiple asset classes including equities, fixed income, convertibles and hybrid products to achieve the best returns for its investors. Over the past few months, the fund managers have become increasingly concerned about the market environment. Chief amongst these concerns is the rising correlation between bonds and…