Investors Game Out Iran Risk as Clock Ticks on Trump’s Deadline

“There is no confidence that the Iranians will acquiesce on this, especially since they made their counter threat to infrastructure assets across the region,” said Jon Withaar, a portfolio manager at Pictet Asset Management. The fund is adding index level hedges in Japan where there is currently “a buyers strike,” he said.For investors already worn down by rapid reversals, Trump’s ultimatum is reinforcing a bias toward caution. As a result, many are further dialing down exposure rather than chase fresh posi ...