When he was chief investment officer at Perry Capital, David Russekoff was familiar with managing volatile investments. Russekoff reportedly earned Perry nearly $2 billion by betting against the housing market leading up to the 2008 financial crisis. Then he bet $15 billion on Greek and Argentine bonds, which had defaulted. Now at the newly formed Smith Cove Capital, Russekoff isn’t letting up on the gas pedal, as his Long / Short strategy is mixing volatile investments, a Q2 letter to investors dated July 25th, a copy of which was reviewed by ValueWalk, reveals. As Venezuela burns, Smith Cove likes investment…
Ex-Perry CIO Who Bet Against Subprime Loads Up On Volatile Investments
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.