Pension fund board meeting notes how being a short seller like Kynikos in a stimulus filled market environment can be challenging After generally difficult performance over the past 2 ½ years, Jim Chanos and his short selling Kynikos Opportunity Fund fund where recently the focus on review by the Philadelphia pensions investment committee meeting. In 2011 the pension fund began a process seeking strategies “that could provide a level of protection for the Plan during times of market stress,” the minutes of a recent pension fund board meeting revealed. A separate “Independence Fund” for noncorrelated investments was created that…
Kynikos Survives Philadelphia Pension Fund Review On Three "Fraud" Stocks
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.