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Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet

Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet
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Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector. Today, he sees a new opportunity as risks bubble up around private credit. But instead of betting directly against the sector, he’s focused on potential second-order effects and is shorting some of the $1.8 trillion market’s biggest...

Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector. Today, he sees a new opportunity as risks bubble up around private credit. But instead of betting directly against the sector, he’s focused on potential second-order effects and is shorting some of the $1.8 trillion market’s biggest backers: insurers.
Lee Robinson (PERSON) US (LOCATION)
Originally published by Bloomberg Markets Read original →