Short-Sellers Who Didn’t Blow 2016

It was a tough year to launch short-biased hedge funds — but these three ended the year in the black.

Illustration by Kimberly Lum.

It all started so rosy.

The market’s precipitous fall during the first few months of 2016 suggested the time was ripe to launch short-biased hedge funds, whose ranks had diminished in recent years.

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