VGI Partners has threatened to unleash its radically shrunken short book on the market once again, but not while current conditions foster a "general disregard for basic fundamentals like accounting" says founder Robert Luciano.
New long positions in Nintendo and Olympus are the targets of its focus for now, after the $2.9 billion hedge fund corrected its period of underperformance against its benchmark, the MSCI World Total Return Index in Australian dollar terms.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
