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Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors.
Before trading, please ensure that you fully understand the risks involved
Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved

Tuesday, June 23, 2020

Opto Sessions: Fahmi Quadir on values-driven short selling

by Century Financial in Brainy Bull

Opto Sessions: Fahmi Quadir on values-driven...

It’s been five years to the month since 29-year-old Fahmi Quadir shook Wall Street by betting against Valeant Pharmaceuticals. Having identified the company as most likely engaging in fraud, Quadir’s bet paid off when Valeant’s sky-high share price lost 90% of its value in less than a year.

“It’s incredible to think how much has changed and how much my life has changed in that time,” she says in the latest Opto Sessions. “It really was a serendipitous event, for me to become a short-seller and then go on to launch my own firm.”

Safkhet Capital — the fund Quadir founded six months after she had cashed out her iconic short — holds a unique position amid Wall Street. The women-run, short-only fund has become known for high conviction bets and a penchant for investigating corporate fraud – and winning out when it’s exposed.

Listen to the full episode to hear more about Fahmi Quadir’s short-selling tactics

When German fintech firm Wirecard [WDI] revealed that $2bn in cash had gone missing from its business earlier this month, Quadir’s bet was validated, having allocated a quarter of Safkhet’s capital to shorting the firm since last year.

“Short selling [fits] into my world view and values system,” she explains. “You have to be good at asking questions, you need to be good at listening. I really see myself as an observer, and that allows me to better understand the world around me and the companies I’m investigating. You also have to have a really high pain threshold.”

Source: This content has been produced by Opto trading intelligence for Century Financial and was originally published on cmcmarkets.com/en-gb/opto

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