UBS O’Connor CIO Aims to Be ‘Million Miles’ From Meme Stocks
They’re baaaaack! Day-trader cult stocks like AMC Entertainment Holdings Inc. are dominating investors’ attention once again, with eye-popping rallies and crashes and even some free popcorn thrown in for those with the gumption to ride the rollercoaster. Kevin Russell, the chief investment officer of the $9 billion hedge-fund manager UBS O’Connor, joins this week’s “What Goes Up” podcast to discuss how his team tries to stay a million miles away from these companies. Russell also details the bull case for China, his outlook on inflation, and some big winning pair trades made at the height of the Covid-19 crisis.
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