Enright: Long-Short Equity Spread Cyclically Expands and Compresses Like an Accordion
Paul Enright · Paul Enright – Inside Long-Short Equity Investing (Capital Allocators, EP.266) · Aug 15, 2022 · at 38:54
Former Viking Global Investors partner Paul Enright explains why hedge fund managers must avoid chasing performance and proactively reduce gross leverage after peak spread production.
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“Cause spreads an accordion, right? Like it doesn't get captured forever and continue to grow. It will compress and it will ebb and flow.”
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