Get­ting to know Steve Eis­man

The Irish Times - Business - - BUSINESS | INTERVIEW -

Steve Eis­man, a fund man­ager for Neu­berger Berman Group, was the in­spi­ra­tion for a char­ac­ter played by Steve Carell in the fic­tion­alised movie ver­sion of Michael Lewis’s non-fic­tion book The Big Short, which should give a clue to the in­vest­ment strat­egy for which he’s best known.

Eis­man, who in pre-crash days had a pen­chant for telling the most hubris­tic en­thu­si­asts for sub­prime mort­gage in­vest­ments that they were go­ing to lose ev­ery cent, was last spot­ted at a con­fer­ence in Dubai at the week­end, where he said he was short­ing two un­named British banks – bet­ting their share prices will fall – over ex­pec­ta­tions the UK will leave the Euro­pean Union with­out a deal.

And he had more to say, as Bloomberg re­ported. “I’m short­ing two stocks in the UK, but I’ve got a screen of about 50, and I might short all 50 if I think Jeremy Corbyn is go­ing to be prime min­is­ter.”

First prob­lems first, though, right?

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