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Benzinga
Benzinga
Entertainment
AJ Fabino

The BIG Short: Hedge Fund Is Up 223% In 2022 Shorting This Sector

Nasdaq NYSE

After a nearly two-year trade that accumulated losses in the nine figures, Coltrane Asset Management’s Mandeep Manku can now revel in the light of being right.

Wait, what happened? In 2020, Manku had an idea. With so many companies trading at more than ten times their revenues, Manku decided to move Coltrane Asset’s portfolio from snapping up cheap European stocks, to aggressively shorting the U.S. tech sector.

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