Ultra-bear hedge fund manager suffers huge losses as stocks rally Financial TimesOne of the few hedge fund managers still betting that stocks are too high has suffered heavy losses in his fund this year, as a rally fuelled by looser monetary policy makes life increasingly tough for bears. London-based Horseman Capital, which manages more than $800m in assets, suffered a 12 per cent loss in its Global fund during April, according to figures seen by the Financial Times. That takes its loss this year to more than 25 per cent. The fund is run by Russell Clark, a media-shy Australian who took over the fund from star stockpicker John Horseman almost a decade ago. Mr Clark’s l...