Short seller Russell Clark, who made money for much of the past decade or so by shorting stocks, is considering a comeback two years after shuttering his hedge fund on the back of the longest running bull market in history, according to a report by Bloomberg.
The report cites Clark, who closed his RC Global Fund in 2021 after it lost 2.6% in the first ten months of that year and assets had fallen to about $200m from a peak of $1.7bn in 2015, as saying in an interview that he is considering the launch of a new short-bias hedge fund.
Clark's current market view is at odds with most traders who believe that it is a matter of 'when', not 'if' the Federal Reserve starts cutting rates. London-based clarks believe the Fed may not cut at all and that inflation will be higher than expected, with neither Donald Trump nor Joe Biden likely to favour deflationary policies.
“I feel like the outlook for all sort of assets has changed,” he said. “When something has gone on for long enough, it’s hard for the people to see a different type of world.”
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