Horseman Global Up In 2016 Despite Massive Net Short Position

Horseman Global, the hedge fund branded by Zerohedge as the "world's most bearish hedge fund" lost -2.68% for investors for the month of July. Year-to-date the fund has returned 3.13% even though it is running a net short book.

At the end of July Horseman’s gross long position was 29.35% and gross short was -116.44% for a net exposure of -87.09%. The fund’s bond book was 65.14% net long at the end of the half, according to a letter to investors obtained by ValueWalk.

Hedge Fund Letters To Investors

Even though Horseman may be the world’s most bearish hedge fund, the fund has achieved outstanding returns for investors over the past 15 years, so when the fund takes a...