Read the other article on LHC.
Selling stocks because prices are too high, who'd have thunk.
Positions do change sometimes.
https://tinyurl.com/lhc-capital-selling (Aus Finrev article)
[q]LHC has emerged as the top performing hedge fund in 2018-19, but now it's selling some of its hottest stocks because prices are too high.[/q]
[q]Among LHC's shorts are Afterpay, the buy-now-pay-later firm facing questions about its path to profitability; Lend Lease, on account of issues with fixed cost contracts in engineering unit; IOOF in the face of regulatory challenges; and Link Market Services, predicated on worries about its UK unit.
LHC is also shorting the Australian banks due to "declining return on equity in a low credit growth environment with unsustainable payout ratios".
Other long positions include ASX-listed payments company iSignthis, and high flying tech stock Altium.[/q]
