This Investor Is Getting Out of Stocks Before Computers Ruin the Rally
- Heron CEO, ex-Kairos partner sees CTA buying as contrarian
- Thin liquidity amid oncoming cash deluge could spur volatility
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Alberto Tocchio is getting out of stocks before systematic traders swoop in and spoil the party.
A $140 billion wave of computer-driven buying may hit U.S. and European equities as soon as this month, says the chief of Heron Asset Management, a Switzerland-based family office with 2.5 billion Swiss francs ($2.5 billion) under management.