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Wall Street traders and hedgefunds are currently very upset, as the “unwashed masses” lose them billions in a short squeeze of GameStop and other stocks.Users of the subreddit r/WallStreetBets are fighting back against the multi-billion dollar hedgefunds in a rather creative way. GameStop became one of the most shorted stocks on Wall Street last week, after a newsletter from a short seller, Andrew Left of Citron Capital, encouraged people to short the company. Gamestop had a short interest of 102% of its shares, making it one of the most shorted on the market.To “short” a company is to bet on...

“The big boys are no longer bullish,” bellowed Biggie Too in baritone. “The big boys are now bubble bullish,” continued the chief investment strategist for one of Wall Street’s Too-Big-To-Fail affairs. “They ask Biggie, why can’t the S&P trade 5,500?” said Too, easing into third person. “And Biggie asks ’em back: We got 6% GDP and 1% rates, who’s gonna short this?” he said. “You do the math, you gonna tell Biggie to short this thang?” asked Too. And I shrugged, having long since learned to recognize when Biggie’s question is the answer.“No one’s gonna short the S&P unless 6%...

At the start of 2012 Horseman Global did something which virtually none of its peers dared or would dare to do: it took its formerly 100% equity net long exposure to deep net short, launching an 8 year period in which the fund would be bearish month after month on stocks, yet as the monthly P&L table below shows, it also manged to generate impressive annual returns over this same period (with the exceptions of 2016 and 2019) despite constant central bank intervention pushing stocks relentlessly higher, largely thanks to the Fund's significant bond long position. Yet after a dismal...

Anthony Scaramucci’s SkyBridge Capital LLC was hit by heavy losses in March from a big bet on debt investments and now is considering possible steps after some of its hedge-fund managers prevented SkyBridge and other clients from withdrawing their money. New York-based SkyBridge invests billions of dollars in hedge funds for wealthy clients. The firm lost 22.5% in March in its flagship fund, according to an investor document reviewed by The Wall Street Journal. For the year, the fund is down 21.9% through March. Some of those hedge funds have blocked SkyBridge and other investors from withdrawing money as they...

Ann Coulter broke down the Jeffrey Epstein case in an interview with 790 KABC on Monday and said she believes he was running a "blackmailing" operation and he may have a "state sponsor" behind him. "Epstein according to both the girls accounts, he wanted them to have sex with powerful men, come back to him and report on it, describe what they wanted what their fetishes were and he had cameras throughout the house so this is obviously for blackmailing purposes," Coulter said. "It just seems to me something much bigger is behind this -- perhaps a state sponsor --...

Litigation: After thwarting a $9.5 billion judgment from an Ecuadorean court, Chevron is going after the entire edifice of environmentalist enablers who make such junk lawsuits possible. Couldn't happen to a nicer bunch. To the surprise of many, the oil giant is suing the tony, white-shoe law firm of Patton Boggs for alleged unethical involvement in an all-out legal attack by environmentalists over rainforest pollution in Ecuador. Chevron accuses the oh-so-respected firm of lying, concealing inconvenient facts, running a public smear campaign and miscellaneous other flim-flammery, all for the sake of the dollar signs spinning in their eyes. This poses...

Manuel Henriquez, who was also the top executive investment giant PIMCO until 2016, will be replaced as CEO and chairman of Hercules Capital in Palo Alto. Henriquez was arrested in New York City and released on $500,000 bail after a brief appearance in Manhattan federal court Tuesday. According to court documents obtained by KPIX 5, Henriquez and his wife, Elizabeth, paid a $25,000 bribe to get a [legal proctor] cooperating witness to sit “side-by-side with [their] daughter [Isabelle "Izzy" Henriquez] during the exam and provided her with answers to the exam questions, and after the exam, he “gloated”…about the fact...

A married hedge-funder wooed his beauty-pageant mistress with the promise of an ostrich farm in Uganda — only to gift her with an STD, a Manhattan Supreme Court lawsuit says. Former Miss Germany International Aline Marie Massel, 31, revealed the alleged seamy details of her two-year illicit relationship with Autonomy Capital CEO Robert Charles Gibbins in new court documents. The beauty queen-turned-Tesla model met Gibbins while dining at Le Bilboquet in Manhattan in June 2014, her suit says. Gibbins, who is in his 40s, told Massel he was unmarried and said he wanted to have four children with her, the...

Candidate Donald Trump said of Hillary Clinton’s e-mail scandal, “This corruption and collusion is just one more reason why I will ask my attorney general to appoint a special prosecutor.” He later upped the ante with the declaration, “She has to go to jail.” Now, it appears that the Trump State Department is working to keep the e-mails secret. On May 5, Judicial Watch issued a press release announcing that U.S. District Judge Amy Berman Jackson ordered the U.S. Department of State to turn over to the watchdog organization "eight identical paragraphs" of previously redact material in two September 13,...

<p>Hillary Clinton isn’t the only one in the Clinton clan who has recently lost a job.</p> <p>Son-in-law Marc Mezvinsky is hitting the bricks following the monumental failure of his hedge-fund company, Eaglevale Partners.</p> <p>The fund was quietly closed down in December, and now Mezvinsky and his partners are busy returning what money remains to investors. The group raised $25 million, reports Britain’s Daily Mail and Bloomberg News, but the fund lost 90 percent of its value investing in bank stocks and debt from Greece.</p>

Hillary Clinton’s son-in-law, Marc Mezvinsky, shuttered his hedge fund shortly after the election, according to a report. Eaglevale Partners, which Mezvinsky co-founded, was quietly closed and money returned to investors the month after Clinton lost to Donald Trump, Bloomberg reported. The hedge fund reportedly lost big by betting on Greece, with one element of the fund dropping by as much as 48 percent one year, the Wall Street Journal previously reported.

George Soros’s hedge fund Soros Fund Management sold its stake in a widely used gold exchange-traded fund in the third quarter, according to a regulatory filing out Monday. The fund reported no stake in the SPDR Gold Trust GLD, +0.58%  in the period ended Sept. 30. That’s after disclosing a position worth $30.4 million in a second-quarter filing. The storied billionaire investor had attracted attention during the second quarter for being generally bearish on world markets — and scooping up safety-play gold.

The effect on Mezvinsky’s hedge fund has been gruesome. It raised $25 million for its investments, but had already lost about 40 percent of its value by early 2015. Rather than shuttering the fund then, Mezvinsky pressed ahead.

Visium Asset Management, a multibillion dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since authorities forced Steve Cohen’s controversial SAC Capital to close in 2013. A slew of factors — from a brewing insider-trading scandal to a contentious investment by Visium’s founder that rankled investors and staffers alike — led to Visium’s demise. On top of all of that, Visium’s flagship fund had been reporting dismal performance. Visium is selling one of its better performing...

Tuesday .... Republican presidential nominee Donald Trump began his general election pivot by going on the offense against presumptive Democratic presidential nominee Hillary Clinton, adding that she "turned the State Department into her private hedge fund." Trump said, "Hillary Clinton turned the State Department into her private hedge fund. The Russians, the Saudis, the Chinese, all gave money to Bill and Hillary and got favorable treatment in return. It's a sad day in America when foreign governments with deep pockets have more influence in our own country than our great citizens. I didn't need to do this. It's not easy,...

Greg Nash The House Ethics Committee publicly acknowledged Monday it is conducting a review into Florida Senate candidate Rep. Alan Grayson. In a statement, the panel said it will issue a decision on whether to open a formal investigation into Grayson's activities by April 5. If the committee decides not to proceed with an investigation, it must release the Office of Congressional Ethics (OCE) report on the case. Grayson's management of a hedge fund while serving as a member of Congress has been looming over the Aug. 30 Senate Democratic primary. Senate Minority Leader Harry Reid (D-Nev.) earlier this...

U.S. Senate Minority Leader Harry Reid on Friday called for U.S. Rep. Alan Grayson to drop out of the race for a Senate seat in Florida. Reid said in a statement that Grayson claims to be progressive but seems to have "no moral compass." He said Grayson used his office to unethically promote a hedge fund that until recently had been based in the Cayman Islands. Grayson is running in the Democratic primary to replace U.S. Sen. Marco Rubio. His campaign did not immediately respond to Reid's call to quit the race. ...

Donald J. Trump ‏@realDonaldTrump: "Wow! Ted Cruz received $487K in campaign contributions, $11M from a NY hedge fund mogul, & $1M low int. loan from Goldman Sachs. Hypocrite"

Ending almost two years in limbo, the financially beleaguered Daughters of Charity Health System on Monday announced it has closed a $260 million investment deal with an East Coast hedge fund that will keep one of the Bay Area's oldest hospital chains afloat for at least three more years. The news came 11 days after California Attorney General Kamala Harris gave her conditional approval for the largest nonprofit hospital transaction in state history, and the first to involve a hedge fund. Unlike the controversy and staunch opposition generated by the hospitals' previous suitor, the deal with BlueMountain Capital Management registered...

On Monday, we got some color on Hillary Clinton’s $350 billion plan to make college more affordable. Students and former students across the country owe more than $1.2 trillion in college loans, and as Bill Ackman so eloquently put it earlier this year, "there’s no way they’re going to pay it back." The fact that America’s student loan bubble is the focus of what may well end up being one of Clinton’s most expensive policy proposals speaks volumes about the urgency of the problem. Of course there are some other folks who understand how quickly the situation is deteriorating. Chief...