New York hedge fund manager Ricky Sandler has been surprised by the interest in his $4.1 billion long short equity strategy in Australia.
After a decade of easy money pushing equity markets in one direction, Wall Street hedge fund manager Ricky Sandler says the return of volatility and higher interest rates is seeing money return to long-short strategies.
“Higher rates are good for our strategy. The low rate speculative environment was tough for disciplined people who short, so for what we do, this is a good environment.” A hedge fund’s net exposure is the difference between short and long positions expressed as a percentage.
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