Hedge Fund Horseman Global Fund Records 35% Loss in 2019
![https://dailyalts.com/wp-content/uploads/2020/01/54e6d4454351ad14ea898579ce203e7c1d22dfe054567841722873dc_640.jpg https://dailyalts.com/wp-content/uploads/2020/01/54e6d4454351ad14ea898579ce203e7c1d22dfe054567841722873dc_640.jpg](https://dailyaltslive.wpenginepowered.com/wp-content/uploads/2020/01/54e6d4454351ad14ea898579ce203e7c1d22dfe054567841722873dc_640.jpg)
Russell Clark saw his largest-ever loss due to poorly timed short positions.
The Horseman Global Fund saw a 35% decline in 2019 as aggressive bets against the market failed to deliver. The fund hiked its net short position to a record 111% of gross assets in October. However, the S&P 500’s 31.5% surge in 2019 pummeled the fund’s positions.
Horseman Global Fund Against the Surge
Bloomberg reported that a spokesperson from Horseman Capital confirmed the loss.
“This year has not worked out as planned,” Clark wrote in a letter to investors last month. “I increasingly hear talk that central bank and government activism has ended recessions and possibly bear markets. Maybe this is true, but it seems to me that we are at a turning point.”
Clark held true to his positions, and now Bloomberg suggests that he is running low on assets. In 2015, the fund had $1.7 billion in assets. At the end of November, Horseman Global managed just $241 million.
The company has two other funds. The first – which speculates on Japanese stocks – saw a 5% decline in 2019. It’s smaller Horseman European Select fund saw stronger returns thanks to long wagers on that continent. Though that fund will shutter in February, it reported gains of 38% for the year.
Recent: Hedge Funds Record Best Year Since 2013, But Departures Loom
![Shape Shape](https://dailyaltslive.wpenginepowered.com/wp-content/uploads/2019/08/shape.png)
Latest Alternative Investment News
![https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg](https://dailyaltslive.wpenginepowered.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6-wpv_300x300_center_center.jpg)
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
![https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg](https://dailyaltslive.wpenginepowered.com/wp-content/uploads/2023/12/RHCEU-Inline-wpv_300x300_center_center.jpg)
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
![https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png](https://dailyaltslive.wpenginepowered.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1-wpv_300x300_center_center.png)
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
![https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg](https://dailyaltslive.wpenginepowered.com/wp-content/uploads/2023/12/Revaia-founders-wpv_300x300_center_center.jpg)
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…