Description:After years of favoring fixed income, hedge fund leaders are putting their stock, in stock, and bailing on bonds. Simon Lack of SL Advisors, and author of Hedge Fund Mirage doesn't mince words: "I think investors should have no fixed income.They should use equities and they should use cash in a barbell strategy based on their risk appetite to generate returns. I think bonds are overpriced and you should exit bonds. " It's about value according to Patrick Wolf of Grandmaster Capital:(1:53)