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A notoriously bearish hedge fund manager is more convinced than ever a crash is coming — and has pushed his short bets to a record

trader market crash

  • Bearish fund manager Russell Clark increased Horseman Global Fund’s net short position to 111% of gross assets, Bloomberg reported on Tuesday, citing an investor letter.
  • Clark is betting against a historically long bull market at a time when central-bank rate cuts and tempered trade-war tensions have pushed stocks to record highs.
  • Horseman is eyeing its worst yearly loss yet, with its short-heavy strategy yielding a 27% loss on a year-to-date basis, according to Bloomberg.
  • The manager told investors in October he “can see all the problems with the markets,” and the only issue “is timing.”
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    Source:: BusinessInsider.Com