Ex‑Big Short Star Launches Fund to Short Private Credit and Its Insurer Backers
Lee Robinson, who turned a $20 million subprime short into $200 million in 2008, is now betting the private‑credit boom will crumble. His Altana fund will short life insurers such as Lincoln National and MetLife, using credit‑default swaps to profit if the $1.8 trillion sector falters. The move signals growing doubts about private‑credit valuations and redemption pressures.