Up until 2016, the Horseman Global Fund, which was once labeled the world’s most bearish hedge fund, had a strong track record only losing money in two of the 15 years it had been in business (2009 and 2011). However, the firm’s excellent track record came to an end in 2016 when it lost 24% thanks to bearish bets, against the market, which cost the fund dearly. 2017 wasn’t much better. During the first four months of the year, the Horseman global fund lost approximately 10%. A strong second half helped it end the year in positive territory with a…
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