This content is from: Premium

Worm Capital Wins on Coronavirus Short Bets

Arne Alsin’s critique of stock buybacks pays off.

Returns at Arne Alsin’s Worm Capital more than doubled during the first quarter, as the fund continued its bang-up year by shorting companies loaded with debt who have spent the last few years buying back stock instead of innovating or preserving capital.Those companies — like American Airlines and GM —

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

Related Content