Lee Robinson Shorts Insurers Over $1.8 Trillion Private Credit Risks

1 articles · Updated · Bloomberg · Jun 24

Lee Robinson, the hedge fund manager who made about 900% in the 2008 crisis, is now betting against insurers tied to private credit rather than shorting the sector directly.
His thesis targets second-order fallout from risks building in the $1.8 trillion private credit market, where insurers rank among the biggest sources of backing.
The move revives Robinson’s crisis-era playbook: in the global financial crisis, he turned a $20 million short on US subprime mortgages into roughly $200 million.