Quantitative easing has not been a friend to Michael Aronstein, Chief Investment Officer at Marketfield Asset Management. Along with Joel Greenblatt, Columbia University professor and portfolio manager Gotham Asset Management, the pair discussed a long short investing strategy in light of what Aronstein called “the most aggressive monetary experiment in the history of central banking. Government bureaucracy should not be in the business of experimenting.”
Aronstein says QE has been much better for equities
Aronstein’s performance shows the difficulty of...
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