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"Betting against the entire sector would have been clumsy." It's my impression that he did just this. Short financials, long oil. This was a sweet position u
by rwebb 18y ago
"Betting against the entire sector would have been clumsy." It's my impression that he did just this. Short financials, long oil. This was a sweet position until about 2.5 months ago and apparently he either didn't get out or took up new positions elsewhere that went bad because they are down big now.
- byrneseyeview 18y agoDown big now? I thought they were down single digits, and thus about 15% ahead of the average hedge fund, which is itself ahead of most other financial assets.