“People are totally missing what is happening here. Every new headline, every new hysteria is making people more nervous and it's actually very, very positive,” he said, recommending that viewers borrow against their mortgages to buy stocks.
A small number of hedge fund managers who positioned in time for the fallout have profited, few more than Andrew Sandler. The elder Sandler brother was one of the best performing hedge fund managers in the world for the first quarter, according to a ranking by HSBC. Self-described as risk averse, Andrew is more low-key, avoiding the hedge fund speaking circuit in favor of tending to a 17,000 gallon basement aquarium.
“The Coronavirus could serve as a catalyst for disappointing global growth as well as specifically disrupt certain supply chains and consumer businesses,” the firm noted in a January 28 Lyxor/Sandler U.S. Equity Fund report.