Horseman Global: Short Retail REITs
Horseman Global, which was up until recently the world’s most bearish hedge fund, before it suddenly reversed course and capitulated on bearish bets earlier in January has made terrible start to 2017. The Horseman Global fund is down 7.7% year-to-date after losing 1.1% in March thanks to a poor performance from the bond book and long book. Ironically, for the period the short book (or what remains of it) chalked up the best performance. US retail, REITS and
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