Sandler Capital Buys BMW, Sells Google In Rough Year
Sandler Capital Management had a difficult 2013, with the gains they made on long positions getting dragged down by the pummeling the fund took on its short positions. Managing director Andrew Sandler blames qualitative easing and the high liquidity environment for protecting declining companies with slow growth from short sellers.
Sandler welcomes tapering “with open arms” and says that the end of multiple expansion will force the market to start differentiating between stocks again.
“After roughly an . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible