Ex-Perry CIO Who Bet Against Subprime Loads Up On Volatile Investments

When he was chief investment officer at Perry Capital, David Russekoff was familiar with managing volatile investments. Russekoff reportedly earned Perry nearly $2 billion by betting against the housing market leading up to the 2008 financial crisis. Then he bet $15 billion on Greek and Argentine bonds, which had defaulted. Now at the newly formed Smith Cove Capital, Russekoff isn’t letting up on the gas pedal, as his Long / Short strategy is mixing volatile investments, a Q2 letter to investors dated July 25th, a copy of which was reviewed by ValueWalk, reveals.