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.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

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 net short.

So

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