Paolo Pelligrini: Not Short Anymore, Bonds At Ridiculous Levels

Paolo Pellegrini is speaking at the Bloomberg 2010 Hedge Fund Conference and he is saying that he is not short stocks anymore, which is a change. He believes that bonds are trading at "ridiculous levels". He is also buying some oil futures as a way to diversify his portfolio. Pellegrini says that 5-10% of his portfolio is in gold, as he is worried about the dynamics.