Kynikos Alumni Start Hedge Fund Betting on Declining Stocks

Two former analysts of Jim Chanos’s Kynikos Associates Ltd., which rose to fame shorting Enron Corp., started a new London-based hedge fund earlier this month to bet on falling stocks globally.

The Arhammar Short Alpha Fund Ltd., which started on Oct. 10 and is backed by the second-largest Baltic bank SEB AB (SEBA), will invest in 30 to 50 stocks which are expected to underperform the market, co-managers Mike Monnelly and David Bonnier said, declining to specify the amount of capital the fund has raised.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply