Anson Hedge Fund Pivots to Long Wagers, Betting on Weed Stocks
- CEO Moez Kassam expects US government to reclassify the drug
- Toronto-based fund covers short positions amid market rout
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Canada’s Anson Funds, once primarily known for wagering against stocks, is pivoting to make more long bets after last year’s market rout.
The $1.5 billion fund began the year with a net long position of around 20% compared with 9% at the beginning of 2022, according to Moez Kassam, the firm’s co-founder and chief investment officer.