Anyone saw the Wirecard documentary on Netflix? There was a short-only, woman-only fund lol which made a killing from shorting Wirecard. It's just 2 women. Founder looks like a lesbian. Apparently their strategy is to just look all day for opportunities like Wirecard. Crazy.
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She shorted Valeant too, was in an episode of Dirty Money on Netflix. There are a lot of short sellers out there but they're usually pretty small for obvious reason.
So what? That's the business of a short-only fund.
I believe they are asking for names of these funds
Looks like OP already found it.
OMG women running a hedge fund. Wild.
Short-only fund spends all day on their strategy. Woman-only so its just 2 women. It is funny because it's women.
Any other brilliance you'd like to share with the group?
Lol I thought you meant a hedge fund that hires only short women.
Short only is a pretty dumb strategy in my opinion. So much downside risk. The economics of short selling objectively isn’t that good. You have to pay interest on the short position, post margin if the price goes above a certain threshold, not mention it only takes literally one position going the wrong way to blow up your whole fund. You have to get it right basically every time. See: Melvin
Lmao that was what I had in mind lol but WSO seems to think I just hate women. Lots of people dont even think short-only exists lol cuz its such a bad strategy. Ahh sweet mysteries of life...
I think it's just funny to say it's women-only when it's just two people. Not sure I would call a two men company an "all-man" firm.
This is not how it works. You don’t pay margin on shorting, you generally go long like SPY or QQQ and get a short rebate so no margin fees. Generally these funds are paid like 20-30% on alpha and the economics can make sense if you can produce alpha shorting, that said it is very hard to sustain and position correctly.
Agree with your comment on structure of shorting being more difficult.
Isn't that just L/S tho?
I would think a short-only fund is desirable to LP's because it has negative covariance with the rest of their portfolio. Not so if the fund is beta neutral
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