Standout hedge fund manager Charles Lemonides came into the year careful but is now more optimistic.
Heading into 2023, hedge fund manager Charles Lemonides was preparing for the worst.
His hedge fund is down 8% in 2023 through May, though it's still up 155% in the past five years.
The hedge fund manager said the economy can take another rate hike or two, even though investors may groan about it.
The hedge fund manager is currently bullish on energy stocks broadly — particularly those in the oil and gas industry.
Persons:
Charles Lemonides, Lemonides, hasn't, it's, We've, he's, Goldman Sachs
Organizations:
Investors, Federal Reserve, Netflix, Energy, P Oil & Gas Exploration, Production, Unit Corp, United Natural Foods, Yale Materials, Foods
Locations:
financials