Anson Funds CIO Moez Kassam comments in Financial Times story.
The market has seen the share prices of various companies surge to unbelievable levels in 2021, fueled by the efforts of “meme stock armies”.
Losses inflicted by retail investors have proved a rude awakening to hedge funds, which had just enjoyed a banner year in 2020 making their biggest gains since the aftermath of the financial crisis, according to HFR. Some funds are considering taking a greater number of smaller short positions to cut down on the potential losses a single stock can cause, say industry insiders.
Financial Times 24-June-2021
Moez shares some of his thoughts on the topic with the Financial Times.
See the full Financial Times article:
Hedge funds rethink tactics after $12bn hit from meme stock army