In this video, Marketfield Asset Management CEO Michael Shaoul explains that he didn’t originally set out to create a “liquid alts” product, he just wanted the flexibility to go short. At any given time, Shaoul says, potential investments can be divided into three broad categories: Those that can be identified as positive, which should be bought; those that aren’t understood, which should be avoided; and those that can be identified as negative, which should be sold short. The ability to sell short and profit to the downside is key to having balanced returns throughout the full course of market cycles.
This is the first of 4 videos that capture Michael Shaoul’s thoughts on the MainStay Marketfield Fund and liquid alternatives. Stay tuned for upcoming videos.