Delivering Alpha

» more from Delivering Alpha

Short Caterpillar

In one of the more stunning developments, Kynikos Associates chief Jim Chanos took on one of the stock market's big dogs: Caterpillar. The construction equipment maker has been the second-worst performer in 2013 on the Dow Jones Industrial Average, and Chanos said there's more damage to come. A slowdown in mining and global growth will hurt CAT, said Chanos, who also alluded to some accounting issues at the company.

Daniel Acker | Bloomberg | Getty Images