Yes he does Flatlander, but don't expect him to short more than a position or two and certainly not more than 5-10% of the portfolio in shorting weak stocks. He was successful with this with a now defunct bank during the crisis. He has chose to short treasuries instead and note ValueWalk in February had an article that is factually inaccurate because it cites the more conservative mutual fund and not the bellwether aggressive CGMFX which has where Heebner has vacillated in and out of several lengths of maturities.
His new NP-X form came out with the same mix of home builders, money center banks and cyclical sensitive issues.
"However, I'd hate to see him repeat the mistakes of 2008 when he has a flexible mandate."
He has a flexible mandate but with that comes high beta trading that has not been effective for over half a decade for him. His magnum opus has probably already been seen, and although highly improbable if he can correctly time an exit for when the market falls apart his legacy would be reinstated.