Sabretooth nets 38% in 10 months betting on low rates
By Lawrence Delevingne
Wed Sep 14, 2011
The firm launched its $50 million Yin fund in October to exploit a macro view.
Late last year, conventional wisdom had it that inflation was
inevitable. The Federal Reserve was in the midst of its second
round of quantitative easing, or QE2, leading many investors to
believe prices would rise along with the government's attempt
at economic stimulus. And if there was inflation, it followed,
the Fed would likely raise interest rates to combat it.
Sabretooth Capital principals Erez Kalir and Craig Perry saw
it differently. They believed the Fed would keep
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