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In a somewhat odd interview at Barron’s<\/a>, hedge fund managers Kevin Duffy and Bill Laggner of Dallas-based hedge fund Bearing Asset Management lay out their view on what they’re shorting and going long.<\/p>\n What’s strange is that the fund is super tiny — just $60 million under management. But they’ve done well, so for now they get to be experts.<\/p>\n Two years ago, they were shorting Fannie Mae, Freddie Mac, money-center banks and brokers, builders, mortgage insurers, etc. Here’s what Duffy and Laggner are thinking today.<\/p>\n Bearing is long on:<\/p>\n Bearing is short on:<\/p>\n Why short Goldman? “We’re essentially short the political economy, and the most politically connected firm is Goldman Sachs.”<\/p>\n At the heart of our instability, they say, is fractional-reserve banking. They say the government has essentially socialized risk and prevented the bank run, which used to impose discipline on an unstable system.<\/p>\n Read the full interview with Duffy and Laggner at Barrons — ><\/a><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n In a somewhat odd interview at Barron’s, hedge fund managers Kevin Duffy and Bill Laggner of Dallas-based hedge fund Bearing Asset Management lay out their view on what they’re shorting and going long. What’s strange is that the fund is super tiny — just $60 million under management. But they’ve done well, so for now […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-108277","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/108277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=108277"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/108277\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=108277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=108277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=108277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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