Elkhorn Fund: Sanborn Kilcollin Partners

Fighting the Fed

Storm warning
Sanborn says markets are headed for trouble

In a classic Seinfeld episode, George Costanza’s life takes a turn for the better when he rejects commonsense and starts doing the opposite.

He tries an antithetical pick-up line on an attractive woman, “My name is George. I’m unemployed and I live with my parents.” He is amazed to find she agrees to a date.

Robert Sanborn, co-founder of hedge fund Sanborn Kilcollin Partners and portfolio manager of the Elkhorn Fund, thinks something similar is happening in the financial markets.

The Federal Reserv