Bloomberg -John Hussman runs a $6.3 billion mutual fund with the flexibility to bet on rising and falling stock prices. His fees are a fraction of those charged by so-called long-short hedge funds that do the same thing, and he’s making more money for investors this year.
Hussman Strategic Growth Fund climbed 2.35 percent through July 30, compared with an average decline of 1.22 percent for stock hedge funds tracked by Chicago-based Hedge Fund Research Inc. Hussman is outpacing some of the most highly regarded stock-pickers in the hedge-fund world, including Maverick Capital Ltd.’s Lee Ainslie, Andreas Halvorsen of Viking Global Investors LP and Mark Kingdon of Kingdon Capital Management LLC.
