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IPFS News Link • Business/ Commerce

World's Most Bearish Hedge Fund Shuts Down: Here Is Russell Clark's Farewell Letter

• https://www.zerohedge.com by Tyler Durden

: roughly a decade ago, Clark decided to take his fund net short - an unheard of event in an industry where despite the name, the average net exposure is well north of 100% - and while his market bias ebbed and flowed, it remained short for much of the past ten years.

What is more remarkable is that despite his extremely bearish positioning, Clark managed to eek out consistent monthly gains and with the exception of 2016 he was profitable virtually every year in the past decade... and then 2019 happened and things started falling apart when his hedge fund lost a staggering 35%. He never really recovered.

This was the beginning of the end for Clark - sensing what was coming, two years ago we wrote that the "World's Most Bearish Hedge Fund" Loses 75% Of Its Assets After Worst Year On Record."


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