Business
While a number of financial-focused funds have faced considerable pressure this year, some investors see opportunity amid the volatility. Andrew Wessel, former portfolio manager at Sterling Capital Management, is in that camp and is launching a new long/short financial sector focused fund called Exegis Capital. His partner in the fund, Mick Mulvaney, has a well-known career in Washington D.C., having served as acting white house chief of staff, director of OMB and acting director of the CFPB. In the episode, Wessel and Mulvaney talk about their plans to pair investment experience with the inner-workings of DC to capitalize on regulatory changes that impact the financial services. They also discussed the investment opportunities they see - mostly outside of banks - and the impact of the upcoming election .