Managers See Improvement in Short Books

Managers who have long complained about their short positions being a drag on their portfolios said those bets started to look better in the second quarter.

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O. Andreas Halvorsen, Viking Global Investors (Bloomberg)

After complaining in their client letters for the past several quarters about the difficulty of selling short these days, some long-short managers said in their second-quarter letters to investors that the environment was starting to improve.

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