Capo: Hedge fund got repeatedly stopped out shorting housing stocks before crash
Derek Capo · From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209 · Mar 30, 2016 · at 11:49
Derek Capo, founder of eFin and former hedge fund trader at Everest Capital, explains why his team failed to profit from early short positions against the US housing bubble.
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“What ended up happening was the last year I was there, we were shorting housing stocks. We were shorting mortgage insurance companies. It just kept going up. They just, they kept on going up on us. We kept on getting stopped out”
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