Fund manager loses job shorting Tesla. Hopefully this starts a trend.
Without a Clunie – the fund manager who shorted Tesla is shown the door - Master Investor
"Over the last three years it has been the worst performing of the 108 funds in the Targeted Absolute Return sector with a loss of 23.7%, which is well below its objective of generating positive absolute returns over a rolling three year period. Shorting Tesla (NASDAQ:TSLA) and Scottish Mortgage (LON:SMT), two of the year’s best performing stocks, didn’t exactly help, with assets under management shrinking from £1.2bn to £165m over the last 12 months. "
Without a Clunie – the fund manager who shorted Tesla is shown the door - Master Investor
"Over the last three years it has been the worst performing of the 108 funds in the Targeted Absolute Return sector with a loss of 23.7%, which is well below its objective of generating positive absolute returns over a rolling three year period. Shorting Tesla (NASDAQ:TSLA) and Scottish Mortgage (LON:SMT), two of the year’s best performing stocks, didn’t exactly help, with assets under management shrinking from £1.2bn to £165m over the last 12 months. "