Out With The Old: Tesla The “Poster Child” Of The Old Market Regime: Klarman Protege

The winds of change have been blowing over the last few months as some institutional investors cheer the return of volatility as a new opening for an array of profit opportunities. The current bull market has certainly been one of excesses, as numerous hedge fund letters have pointed out, but JHL Capital CEO James Litinsky believes that’s about to change. The new “market regime” may be here In his third-quarter letter, which was obtained by ValueWalk, he noted a number of changes impacting the market right now. The most obvious change is the increase volatility we have seen over the…