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In Volatile Markets, Success Can Flip from Longs to Shorts
Firms with long-short funds can calibrate strategies to exploit shifting markets. That’s great, as Greenlight Capital found, if they guess right.
David Einhorn, Greenlight Capital (Bloomberg) With stocks tumbling since the beginning of the year and with many of the technology and health care stocks popular among the long-short set taking the biggest beatings, many long-short funds will be heavily relying on their shorts to mitigate losses and maybe even produce net
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