Diverging opinions on the fate of the US economy are leading US long/short managers to adopt dispara...
Diverging opinions on the fate of the US economy are leading US long/short managers to adopt disparate views on how best to enhance performance in their portfolios. While some are banking on economic recovery, of which there have been some positive signs, others believe the market will retrace some of its recent gains. Robert Lang, chairman and chief executive of Lang AM, is in the pessimistic camp. Lang's US long/short portfolio is positioned 100% short, with the best shorting opportunities among "grossly-overvalued" technology stocks. "If you look at price to sales, there is no way ...
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