Famous short seller Jim Chanos, founder of Kynikos Associates, is short certain components of the energy sector and finds his best short opportunities are found in the US with firms playing accounting games. As global stock markets buzzed to stunning heights in 2013, the short selling strategy Chanos deploys expectantly found difficulty, down 13% for the year. But the hedge fund manager says that his day will come. “Anytime the market gets buoyant its tough to be short; it’s tough to be a skeptic,” he said in a recent interview from the Reuters investment summit. “But that’s the time when investors…
Chanos Short Energy Firms, Skeptical of "Old School" Tech Companies
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.