Gerstner suggests selling long-dated Nvidia calls for downside protection after stock's parabolic rise to $400.
“take something like Nvidia, if I'm playing at home or I'm a, you know, a professional investor, I may say, oh, I'm gonna go sell some long dated calls to buy a little protection to the downside.”
Gerstner says Altimeter reduced long exposure by at least 50% since year start.
“-We've reduced our exposure quite considerably, you know, by, you know, at least 50% since the start of the year.”
Gerstner reveals Altimeter reduced net exposure from 93% at year start to 60% currently.
“For us, our our net exposure today is 60%. Like I said, we started the year at 93.”
Gerstner says his hedge fund is running 60% net long exposure despite bullish AI view.
“Our net exposures are 60%. What does that mean again? Reminder for folks at home. That means I have six out of ten dollars at risk”
Gerstner reveals Altimeter is 60% net long, with six of ten dollars at risk in the market.
“Our net exposures are 60%. What does that mean again? Reminder for folks at home. That means I have six out of ten dollars at risk long the market in our hedge fund.”
Gerstner reduced exposure to tiny by April 2024 due to fears about the Navarro nuclear option on tariffs.
“By April, we were tiny in terms of our overall exposure to the market because of our fears about I came on this program and talked about, you know, the Navarro nuclear option around tariffs.”