As Sean Fenton sees it, the big risk in the market isn’t that asset prices are going to fall but rather that they could surge from here.

The world is in a transition phase, the portfolio manager for Tribeca Investment Partners’ Alpha Plus Fund says, and there’s now a disconnect between fundamentals and policy and market trends.

“Marginal dollars are flying into the market chasing yield and looking to value … but the fundamentals are actually shifting away from that. We’re moving into a higher growth environment, policy’s being tightened and some of those sectors that have done very well, you’d actually expect to come under pressure,” Fenton told The Australian today.

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