A top fund that returned over 19% last year is betting global bond markets are about to get blindsided again

• A fund that bet correctly last year on surprise reversals in British and Japanese bonds has a new contrarian stance.
• BlueBay Asset Management believes bond markets have underestimated hawkishness from global central banks. 
• It is now shorting Italian, Japanese and US debt, according to Bloomberg. 

A London-based fund that bet correctly last year on surprise reversals in British and Japanese bonds thinks global markets are about to be blindsided again.