Chenavari, a $5.4 billion hedge fund, told investors it thinks ‘we could experience a similar pattern as the 1987 crash’

Chenavari, a $5.4 billion hedge fund, warned clients that more market chaos could come. “We think there is a possibility that we could experience a similar pattern as the 1987 crash,” it said in a letter to investors. “Following a 5-year period of equity market appreciation, first an interim period of some volatility with 5% up and down movements, followed by a 30%+ market correction.”

A $5.4 billion hedge fund told clients markets could

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