I know his positions tend to change with the wind, so by time this was written, it could have changed. He said once before he hedges every single position.
Dennis Gartman, an economist and the editor of the Gartman Letter, said he is creating his first hedge fund to speculate on assets including global equities and commodities.
The new fund “will trade equities, grains, metals and almost anything that moves in the global markets,” including crude oil, said Gartman, who also will invest his own money. “We have no mandate or limitation as to what I can or cannot trade. I am always long something and short something. I am always looking for ways to hedge my positions.”
The fund is currently long soybeans and short wheat and long gold and short the euro, he said. A long position is a bet that prices will rise, and short positions are designed to profit when prices fall.