Argonaut's Norris: Everybody loves an uncorrelated return when the market goes down

How to deal with the market's wild mood swings

Lauren Mason
clock • 7 min read

Argonaut CEO Barry Norris talks to IW editor Lauren Mason about the pandemic, shorting vaccines and the GameStop phenomenon.

"In certain cases you are damned if you do, and damned if you don't," Argonaut CEO Barry Norris told Investment Week when asked about the trials and tribulations of running a long/short portfolio in an unprecedented environment. Norris, who founded Argonaut in 2005 and is CEO, CIO and lead manager on the Alpha, Pan European and Absolute Return funds, said managers in the long/short space are often criticised for generating uncorrelated returns during rising markets, as well as for 'punishing' companies via their short books. These factors have become exacerbated over the past 12 month...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: Equities stable as Israel and Iran hold back from firing missiles at each other

Market Movers blog: Equities stable as Israel and Iran hold back from firing missiles at each other

Latest news and analysis

Investment Week
clock 25 June 2025 • 1 min read
Winterflood Business Services' Ben Centa: UK investors remain seated with seatbelts fastened

Winterflood Business Services' Ben Centa: UK investors remain seated with seatbelts fastened

Headlines have painted a picture of market chaos over the last couple of months. Panicked retail investors have apparently been crowding the exit rows.

Ben Centa
clock 25 June 2025 • 3 min read
Oil price dives as Israel-Iran 'ceasefire' rumours emerge

Oil price dives as Israel-Iran 'ceasefire' rumours emerge

Largest price falls since 2022

Patrick Brusnahan
clock 24 June 2025 • 1 min read
Trustpilot