Short-seller Ben Axler’s Spruce Point Capital Management is thriving in the age of computerized investing by going where the machines don’t. He joins this week’s conversation to share how he digs deep into proxy statements and other obscure documents to sniff out the incentive targets that influence management, and then reverse engineers the ways they’re accomplishing them. Sebastian Boyd, a Santiago, Chile-based writer for the Bloomberg Markets Live blog, also discusses the state of credit markets and what to expect from the upcoming Federal Reserve meeting.
Mentioned in this podcast:
The Tiny Activist Fund That Reaped 24% Return by Unearthing ‘Cockroaches’
Short Squeeze Fuels Junk-Bond ETF Jump After Record Bearish Bets
Fed Seen on Track for 2019 Rate Cut Though Call Is Close