Horseman Global Unveils New Shorting Philosophy Using ETF Flows As A Catalyst

Jon Alternative Media, Blogosphere, Trading Strategies

I am not a particularly big fan of the idea that markets are efficient. In fact I think people who believe this have never spent any time working in investment management. Everyone in the industry has seen how investment fads wash over the industry from time to time, only to wash out again as returns begin to disappoint.
– Russell Clark, CIO of Horseman Global
Well, the redemption-driven capitulation is over, and what until recently was the world’s most bearish hedge fund (which was down 24% in 2016 and another 7% to start 2017), with a net exposure in the negative triple digits is now effectively neutral, as the following breakdown of Horseman Global’s latest portfolio demonstrates.

This post was published at Zero Hedge on Apr 9, 2017.