The parade of major hedge fund managers warning of a bubble continues. At yesterday’s Portfolios with Purpose Awards Night in New York, Rich Pzena of Pzena Investments and Doug Silverman of Senator Investment Corp joined Prem Watsa and Seth Klarman who, as noted in previous ValueWalk articles, are questioning stock market valuations. “You can only call it a bubble. But I have not guessed when it will end,” Silverman, with $6.7 billion under management, was quoted in a report as saying. “The high probability is when you look back on this period five years from now, you’ll say some of…
Hedge Fund Managers Pzena, Silverman Question Stock Bubbles
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.