'Deep Left-Tail Should Be Bounded': Goldman's Hedge Fund Honcho Lays Out Portfolio Context For The Next Few Months

In the wake of the ceasefire announcement, the key development last week was a compression of the downside market tails. 

In client discussions, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, says that everyone seemed to agree that we entered a new phase in this sequence, whereby the probability mass had shifted more favorably.