Totus Capital goes short G8 Education

“Hedge fund manager Ben McGarry thinks the Australian sharemarket is headed for a "day of reckoning", which bodes well for his Totus Capital Alpha Fund strategy, which has a track record of performing best when the market is down. Taking short positions on education provider Vocation Group and iron ore miner Atlas Iron have proven profitable trades over the past year. Now one of the fund's biggest shorts is on childcare operator G8 Education.” To identify the next big short opportunities, McGarry often searches for companies with no profit history and where when companies debt fund acquisitions that cost too much and don't create value. Full SMH article: (VIEW LINK)