Economic Times – 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% through July 30, compared with an average decline of 1.22% for stock hedge funds tracked by Chicago-based Hedge Fund Research. Hussman is outpacing some of the most highly regarded stock-pickers in the hedge-fund world, including Maverick Capital’s Lee Ainslie, Andreas Halvorsen of Viking Global Investors and Mark Kingdon of Kingdon Capital Management.
