Horseman: High Yield Market Short – Perfect timing?

Russell Clark’s investment grade bonds short thesis After a rough start to the year, Russell Clark’s Horseman Global has put in a strong performance during the second half of the year. According to the fund’s monthly newsletter for the month of October, Clark reports that the fund added 2.04% for the month of October, taking the year-to-date performance to 0.25%. See also: ValueWalk’s exclusive value magazine Hidden Value Stocks [buffett] The beginning of 2017 was turbulent for Horseman, which has been called the world’s most bearish hedge fund, as the firm’s short bets cost it money in a broadly rising…