Mitch Rubin, CIO and fund manager for RiverPark Capital, has seen his long-short fund double in size in 2020 as its returns have surged.Mitch Rubin's mutual fund is up 26% this year thanks to a mix of bets on the right high-growth companies and short positions on vulnerable stocks.
Investors are taking notice. His fund's assets have climbed from $92 million at the end of March to $205 million in early June, meaning they've doubled in barely two months. He chalks that up to both the fund's successes and to the nature of its approach. Rubin's approach boils down to taking long positions on companies that are poised for years of strong growth while shorting companies that face serious challenges. He told Business Insider about three qualities that he targets.Rubin says he wants to find companies that will double in value in four to five years. Acting as a high-growth investor, he fills the long side of his portfolio with about 100 companies that could do that.
more mature companies that look stable on the outside, but are inching closer to failure and could lose 30% to 50% of their value in two years"We generally want to short businesses where there is a structural fissure, an opening in the foundation of the business," he said."We're very conscious of where our belief in the risk in the market is different from the market's pricing in.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge-fund investors: there's appetite for long-short equity funds - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I would think that activist hedge funds will be making hay in this market
Source: BusinessInsider - 🏆 729. / 51 Read more »
Andreessen Horowitz launches fund to invest in nontraditional founders - Business Insider'Words by themselves are empty': Andreessen Horowitz is launching a new nonprofit fund to invest in founders that 'lack the typical background and resources' to get on Silicon Valley's fast track to success.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to invest in real estate not using your own money: Josiah Smelser - Business Insider'I'm buying the property with 100% of other people's money': Here's the creative real-estate-investing strategy Josiah Smelser used to complete almost $4 million in deals over the last 12 months How MORTGAGE SPREADS JUST INCREASED TO OFFSET LOWER TREASURIES
Source: BusinessInsider - 🏆 729. / 51 Read more »
Silicon Valley has its own long-standing systemic racial problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LOL, virtue signalling. Do something real, hire more people in Atlanta versus spending tons to try to get minorities to move to evil expensive techie dork meccas that only people with rich parents can risk and afford to move to. LOTS OF NEGROES IN THE PHOTO. NO RACISM It's not inequality, Mr. Obama became president because he deserve that. If someone deserve the opportunity, you'll get it. A lot of people using this protest to get promotion without working hard or by earning it. They just want it for free!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Long lines as McDonald's opens drive-thru locations in UK and Ireland - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 unemployment proposals that could be part of next coronavirus relief bill - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. DEMs must be pushed by voters for progressive policies same ol wont work basic jncome relocation benefits atudent debt forgiveness for under $50k earners
Source: BusinessInsider - 🏆 729. / 51 Read more »