He details his precise strategy — and shares how he made $11,400 in 2 minutes. They are not prepared for it and they're going to have real problems," Eisman said. Feigen, who worked for J.P. Morgan, said of her husband, "Even on Wall Street people think he's rude and obnoxious and aggressive." He attended the University of Pennsylvania, graduating magna cum laude in 1984.

By 2010, he managed more than $1 billion for FrontPoint, and gained prominence after being profiled by Michael Lewis in his book The Big Short: Inside the Doomsday Machine. © 2004-2020 GuruFocus.com, LLC. Will the UK election result boost or sink the stock market? Eisman’s most notable call immediately following The Big Short was a high-profile short position in for profit educational institutions, many of which were publicly traded, including ITT Education, Strayer University and Apollo Group. All information on this site and in the following post should not be construed as investment advice or a specific recommendation. Motorola Solutions (MSI) is currently the largest long position in Eisman’s newly launched UK fund, Absolute Alpha. Eisman made headlines in the summer of 2019 for his latest “big short bet” on real estate data provider Zillow (Z). [5][6] In July 2014, he announced that he was shutting down the fund, explaining his decision by stating that "making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy." However, his fund is still shorting HSBC and Standard Chartered because he believes Hong Kong – where they both have a heavy presence – is in a recession, caused by the unrest there. He lived and grew up in New York City. Entdecken Sie die Vielfalt von eismann und bestellen Sie beste Lebensmittel und tiefgekühlte Produkte direkt nach Haus. The fund controlled an estimated $185 million in assets at the time of its dissolution. Eisman, who's known for betting against banks and mortgages in the great financial crisis, now likes the major US banks. Steve Eisman’s Track Record Since The Big Short. They’re all local. GuruFocus has detected 1 Warning Sign with JPM. “He’s nowhere in autonomous driving, as far as I can tell, and big competition is coming in his space next year.”. Like many fund managers who nailed a big market call, Eisman struggled in the years immediately after the events of The Big Short. In September 2014, Eisman joined Neuberger Berman as a managing director and a portfolio manager for the Eisman Group within Neuberger Berman’s Private Asset Management division. And I’m convinced that the investor base doesn’t have a clue about what this business is really all about.”. He said he began to change his portfolio when the US central bank started its 'closet quantitative easing' programme in October – buying around $300 billion of treasuries, 'flooding the market with liquidity'.

This short position, like the for profit education institutions, is representative of a larger sector wager by Eisman: he dislikes nearly all Canadian banks, with Royal Bank of Canada (RY) the most notable short among at least two others in the space.

Eisman told CNBC at the end of April 2020 that the typical customer of Trex Co. relies on loans to the tune of $15,000 to $20,000 to pay for their decks, credit that will become much harder to obtain in the current economic environment.