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A Hedge Fund Drastically Changed Its Strategy. Now It’s Paying the Price.

Horseman Global, known for being heavily net short for the past decade, took a hit after positioning the portfolio to take advantage of rising inflation.

London hedge fund Horseman Global has slashed its short stance in the past two months after the firm said it was shifting from a disinflation to an inflation strategy. As a result, the firm best known for its large net short position for the past decade is now just slightly

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