evin Duffy entered the investing business in 1985 as an analyst and also as a strategist. He co-founded a money management firm in 1988 after the ’87 crash and cut his short selling teeth during the late ‘90s tech bubble. After the bubble burst, he co-founded Bearing Asset Management in 2002. Bearing warned about the housing and credit bubble of 2005-07, shorting stocks such as New Century Financial, Bear Stearns, Lehman Brothers, MBIA, Countrywide Financial, Wachovia, and Citigroup. Kevin wrote extensively on the subject, including articles, "Alan, We Have a Problem," "Mr. Mozilo Goes to Washington," and "Honey, I Shrunk the Net Worth." The firm’s two long/short hedge funds profited from the unwind including Bearing Fund, the more aggressive of two, which gained over 100% in 2008 when most 401k’s were turned into 201k accounts.