Hedge Fund Perma Bear Clark Shuts Down Amid Historic Bull Market
- Russell Clark’s fund is down 2.6% this year through October
- Assets under management have shrunk to about $200 million
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The longest running bull market in history has claimed one of its most high-profile victims.
Russell Clark, who has wagered against stocks for much of the last decade, told clients that he is shutting down his eponymous hedge fund after a run of losses. The RC Global Fund he has managed since 2010 lost 2.6% through October this year and was down to about $200 million in assets from about $1.7 billion in 2015, according to investor documents seen by Bloomberg.