Kynikos Survives Philadelphia Pension Fund Review On Three "Fraud" Stocks

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Mark Melin
Published on
Updated on

Pension fund board meeting notes how being a short seller like Kynikos in a stimulus filled market environment can be challenging After generally difficult performance over the past 2 ½ years, Jim Chanos and his short selling Kynikos Opportunity Fund fund where recently the focus on review by the Philadelphia pensions investment committee meeting.   In 2011 the pension fund began a process seeking strategies “that could provide a level of protection for the Plan during times of market stress,” the minutes of a recent pension fund board meeting revealed.  A separate “Independence Fund” for noncorrelated investments was created that…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.