Clark’s Hedge Fund Plunges by Record 35% as Short Bets Backfire

Clark’s Hedge Fund Plunges by Record 35% as Short Bets Backfire (Bloomberg)
Russell Clark’s hedge fund slumped by 35% last year — its biggest-ever annual loss — as his short bets went awry during the longest bull market in history. The Horseman Global Fund has persistently wagered against equities since 2012, and raised its net short position to a record 111% of gross assets in October. Clark’s bold, contrarian move, which has made him one of the most watched hedge fund managers in the world, backfired as the S&P 500 index surged 31.5% last year. A spokeswoman for Horseman Capital Management confirmed the numbers.

 

Hedge funds are dumb money. Avoid!

 

Clark, I’d like to try to fumigate this here chair, it’s a good quality item. If you don’t mind my askin’, how much did she set you back?

 

He must enjoy watching money burning in a dumpster fire.

 

Wow and ouch.

wrbtrader

 

*sings* He fought the Fed, and the Fed won...*

 

Alternative rendition: He fought Common Sense and lost.

 

It doesn't fit lyrically. Rendition rejected. lol

 

Perhaps so, to be fair I don't know what melody you had intended to string onto this.