New York hedge fund Spruce Point Capital Management is aiming to capitalize on further downward pressure on stocks this year, as renewed volatility grips markets.
Founder and Chief Investment Officer Ben Axler said the ongoing uncertainty over the extent and duration of the economic correction will continue to weigh heavily on investors in 2023 -- and that uncertainty will provide a conducive environment for short-sellers.
“The one thing we can say about 2023 is that it’s going to be volatile,” he told Alternatives Watch. “We still believe that companies’ projections for 2023 . . .
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