Hedge Fund That Rose 147% Sees 2021 as ‘Great Year’ for Equities
- Beaten down sectors in 2020 to outperform in ‘21: Pond’s Abrol
- Tech stocks likely to take a backseat after rally, Abrol Says
Photographer: Michael Nagle/Bloomberg
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Sonny Abrol’s Pond Image Capital LLC, a long-short fund, soared about 147% in 2020 -- and the former Deutsche Bank proprietary trader expects another positive year for U.S. equities in 2021.
“With the pandemic potentially ending and all the pent-up demand for travel and spending, 2021 will be a great year for stocks,” Abrol, the founder and chief investment officer, said in an interview.