Horseman’s Investors Are Galloping Away

The London-based hedge fund’s clients continue to bail out despite its sharp August gains.

London (Matthew Lloyd/Bloomberg)


(Matthew Lloyd/Bloomberg)

You can say this about Horseman Capital Management’s Russell Clark: He sticks with his conviction even in the face of sharp losses.

Investors, however, have apparently lost their patience.

In August his long-short fund, Horseman Global — which has been famously bearish for several years — surged more than 10 percent, according to its most recent client letter, obtained by Institutional Investor.


To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.