Hedge Funds Slump on 'Long-Short' Stockpicking

The transcript discusses the evolving landscape of investing post-quantitative easing, highlighting the decline of traditional value investing and the rise of multi-strategy funds. It examines the saturation of long equity hedge funds and the opportunities in stressed assets. The success of macro funds is noted, with concerns about global currencies and fiscal policies. Key figures like David Einhorn and Ray Dalio provide insights into current market dynamics and risks.

What are some of the structural changes in the market that have affected value investing?

How have long short strategies performed compared to long only strategies in recent times?

What insights did Barry Sternlicht provide regarding distressed assets?

What is the significance of macro funds in the current investment landscape?

What concerns did David Einhorn express regarding monetary and fiscal policy?