Jim Chanos, the ultra-cynic, is out with a new short position. According to Lynnley Browning of Newsweek, Chanos is shorting CGI Group Inc. (NYSE:GIB), the company that has shown extraordinary incompetence in running the Obamacare website, healthcare.gov.
Jim Chanos bets big on CGI's incompetence
The famed market bear is not just shorting it, CGI Group Inc. (NYSE:GIB) is one of largest short positions of his hedge fund, Kynikos Associates. According to a 10-page memo sent to clients of the $6 billion fund, Jim Chanos thinks that the shares of...
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