Amid banking turmoil in Italy, the man at the center of “The Big Short,” who notably warned against the Italian banking crisis, has been aggressively adding exposure to banks since the election of Donald Trump. The overweight to the banking sector is the first time Steve Eisman, now a senior portfolio manager at Neuberger Berman, has been positive on banks since 2008, he told the Financial Times. After notably complaining about bank marked-to-the-market pricing of OTC derivatives, Eisman now advocates long bank exposure Eisman gained fame and fortune for betting against subprime mortgages leading up to the 2008 financial crisis….
Big Short Lead Character Eisman Switches To Big Long On Banks
Mark Melin
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.