Top U.K. hedge fund manager Sir Michael Hintze echoed consensus market forecasts in a relatively bullish 2014 outlook piece for clients.
"I see more 'pot holes' than 'black holes,'" the founder of $12.6 billion CQS wrote. "Markets have run a long way and expectations are high, however, I think the overall direction of markets is probably upwards, albeit at a more moderate pace than in 2013."
Hintze highlighted several investment ideas for the coming year. One was floating rate and short duration bonds, such as asset backed securities like commercial mortgage-backed notes and senior structured loans, especially in Europe.