Tuesday, 23 May 2023 at 16:00 CET

Discussion with a Wall Street legend Jim Chanos Update on recent performance - Current opportunities about Chanos Equity L/S (UCITS)

The presentation will be on mute mode. There will be an opportunity to ask questions via the Zoom Q&A. No slides will be displayed during the session. The most recent presentation will be sent after the webinar.

Webinar Agenda:
16:00 – 16:30 Update on recent performance
16:30 – 16:45 Q&A Session
16:45 – 17:00 Call end

The Opportunities on the Short Side

After the US Regional Banking Crisis and having benefitted from shorts in Silicon Valley Bank and First Republic Bank, Jim Chanos will discuss the current short selling opportunities including a discussion of high conviction themes such as US commercial real estate and data centres.

The Chanos Equity Long/Short strategy is :

• Unique approach : Alpha is generated via the short book while the long exposure is passive
• Net exposure of +/-40% with an average of 20%
• The UCITS version is the same as the offshore (KCP) strategy and offers a daily liquidity
• Zero correlation with equity markets with negative correlation in severe down markets
• Current portfolio has 45 fundamentals short positions, of which Jim Chanos believes >80% could fall by more than 70% in value.

James Chanos
James “Jim” Chanos founded Chanos & Co in 1985 to provide investment management services for both domestic and offshore clients. Prior to founding Chanos & Co, Mr. Chanos gained financial experience working as an analyst at Paine Webber, Gilford Securities and Deutsche Bank before starting his own firm in 1985. Mr. Chanos graduated from Yale University in 1980 with a B.A. in economics and political science.