SALT, Milken, Sohn And Bob Marley : The Perfect Contra Indicators

by Jeffrey Miller, Partner, Eight Bridges Capital Management
May 15th, 2016
Don’t worry about a thing,
‘Cause every little thing gonna be all right  
Bob Marley, Three Little Birds

The past few weeks have given us a steady parade of top investors speaking at conferences. From the highly entertaining panel at Milken featuring Steve Cohen, Cliff Asness and Neil Chriss (see the whole discussion here), to the somewhat disappointing Ira Sohn conference to the recently concluded SALT extravaganza, we’ve gotten a hit parade of downbeat hedge fund managers lamenting the fate of their chosen profession (full disclosure: I’m a hedge fund manager too). Apparently, managing money is hard. Especially when...