Tiger short star Goshen crushed in rising market
By Rob Copeland
Wed Oct 2, 2013
Former Fund of the Year winner down nearly 66% since 2008 in flagship strategy.
Chris Burn at the 2008 Absolute Return
In December 2008, as he closed in on a whopping 73% gain for
the year, Tiger-backed Chris Burn of Goshen Investments
ascended the stage at the Absolute Return
Awards to accept the Fund of the Year trophy. It had been a
year to remember for Burn, whose flagship Goshen Global Equity
fund profited mightily from short positions on financial stocks
with exposure to subprime mortgages, a sister strategy to the
famed fixed income and derivatives bets of his higher-profile
"We will continue to be an industry that will deliver
differentiated returns for our investors, particularly those
investors who understand our strategies,"
Burn said. "Above all, I look forward to
someone else blowing me off the podium next year."
Few could have predicted how far from the winner's circle he
would fall. Like Paulson & Co., which took...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.