Keyword: hedgefund

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  • Meet the Hedge Fund Boss Who Just Bought Tribune’s Newspapers

    05/25/2021 7:10:56 AM PDT · by DUMBGRUNT · 26 replies
    WSJ ^ | 24 May 2021 | Lukas I. Alpert
    In an interview last year, Mr. Freeman argued that the austere cuts enacted at his newspapers reflected a more realistic understanding of the industry’s direction and better positioned Alden-owned publishers for the pandemic’s downswing. “We were prepared for a real step down in terms of a recession because we were honest about what was needed in the future,” he said. “Numbers don’t lie.” The newspaper industry’s numbers looked bleak even before the pandemic. Annual advertising revenue dropped 70%, or $34 billion, between 2005 and 2018, according to estimates by the Pew Research Center. More than 1,800 newspapers closed between 2004...
  • GameStop: The incredible unshortable stock

    04/06/2021 5:19:57 AM PDT · by wastedyears · 9 replies ^ | 4/5/2021 | Thornton McEnery
    ‘It’s the definition of insanity,’ Wedbush analyst says. ‘The shorts keep doing the same thing over and over and expecting a different result’
  • Futures slip as bank stocks fall on hedge fund default concerns

    03/29/2021 4:30:58 AM PDT · by RomanSoldier19 · 10 replies ^ | MARCH 29, 2021 | By Devik Jain 2 MIN READ
    U.S. stock index futures dropped on Monday after Wall Street’s surge in the prior session as major lenders came under pressure on concerns over possible spillover effects of a hedge fund’s default on margin calls. Nomura and Credit Suisse warned of significant losses after the U.S. hedge fund, named by sources as Archegos Capital, defaulted, hitting shares in some big U.S. media and Chinese tech companies. The news has sparked fears that other lenders could be in the process of exiting these positions too. Shares in Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co, Goldman Sachs, Wells Fargo...
  • Thursday News Roundup: Big Tech/Hedge Fund Oligarchs Team up in Day Trader Purge

    01/28/2021 4:43:46 AM PST · by EyesOfTX · 16 replies
    DB Daily Update ^ | David Blackmon
    Something happened related to the stock market yesterday that has everyone up in a frenzy this morning. I don’t really understand it all, but it involves Reddit, something called sub-Reddit and a group of day traders who assemble there, abusive hedge fund managers, short-selling, big tech oligarchs, NASDAQ and GameStop stock, which went way up during the day, but was driven back down in after hours trading. Naturally, at the end of the day, the Big Tech oligarchs took sides with the big-money hedge fund oligarchs and shut down the day-trader sub-Reddit group for allegedly saying bad things. Because that’s...
  • Hedge fund Melvin Capital closes out GameStop short: CNBC (Gamers: 1; Wall Street: 0)

    01/27/2021 6:18:10 AM PST · by TigerClaws · 32 replies
    Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manager Gabe Plotkin told CNBC's Andrew Ross Sorkin that the position was closed out Tuesday afternoon following a huge loss. Shares of GameStop have soared more than 600% in January after retail investors, organized via Reddit's WallStreetBets forum and other platforms, sought to push up a handful of heavily shorted stocks. Hedge funds Citadel and Point72 infused nearly $3 billion into Melvin Capital to shore up the fund, news reports said earlier this week. Plotkin told CNBC that speculation the fund would...
  • GameStop Lets You See the Matrix

    02/01/2021 5:20:56 AM PST · by Kaslin · 10 replies ^ | February 1, 2021 | Kurt Schlichter
    There’s nothing more tiresome than hackneyed references to The Matrix, except for the constant propaganda we’re hosed down with by the Establishment and its media lackeys about how everything is groovy in our totally free, free enterprise paradise of freedom and happiness and more freedom. Some of us have been woke for a while, having realized the undeniable truth that the system is rigged for the benefit of a garbage ruling class, whose sole accomplishment is to perpetuate a paradigm in which they maintain power and prestige by controlling institutions they didn’t create or build. Instead, they are cultural trust...
  • Gaming the Gamers

    01/29/2021 6:25:20 AM PST · by NOBO2012 · 9 replies
    MOTUS A.D. ^ | 1-29-21 | MOTUS
    Go ahead, punk, make my day.If you don’t understand hedge funds here’s a Cliff’s Notes version: A hedge fund is a pooled investment structure set up by a money manager designed to make a return on capital.A hedge fund isn't a specific type of investment, but rather a vehicle for investment.Big Hedge Funds use capital from accredited investors (High Net Worth Individuals, Pension Funds, Charitable Foundations, University Endowments) to execute various market transactions.Often the types of transactions involve risky instruments such as short selling, leverage, derivatives (puts, calls, options, futures) intended to “hedge” the risk exposure of the fund’s capital...
  • Rep. Paul Gosar Calls for Department of Justice Investigation Into Trading App Provider, Robinhood and Citadel Hedge Fund: "A concerted effort to de-platform and silence individual investors"

    01/28/2021 8:41:29 PM PST · by SeekAndFind · 16 replies
    National File ^ | 01/28/2021 | Jack Hadfield
    Representative Paul Gosar has called the Department of Justice to investigate Robinhood and their relationship with the hedge fund Citadel.Robinhood, one of the most popular free trading apps in America, stopped ordinary investors from being able to buy shares in GameStop, after users from the subreddit r/WallStreetBets and others engaged in a short squeeze of the stocks, costing hedgefunds billions of dollars as a result. Many other trading apps and exchanges also stopped the buying of the “memestock” shares, and delisted them from their platforms.In a statement, Robinhood claimed that they had to shut down the buy orders on GameStop...
  • Share Tweet PShare Email Print STUNNING: Reddit Shuts Down WallStreetBets Subgroup Temporarily — Blames Racism and Hate Speech — After Rookie Investors in General Public Make Money Causing Hedge Funds to Go Bust

    01/28/2021 6:00:07 AM PST · by Red Badger · 80 replies ^ | By Jim Hoft | January 27, 2021 at 7:18pm
    Update: The Reddit subgroup WallStreetBets is back up this evening. What an amazing story! Reddit shut down its WallStreetBets subreddit page on Wednesday afternoon after rookie stock market investors in the general public joined together to purchase stock in targeted companies causing a major disruption in the stock market and resulting in several hedge funds to go bust. Of course, Reddit blamed “racism” and “hate speech” for removing the community. According to The Verge, Discord has banned the r/WallStreetBets server. Reddit’s WallStreetBets subreddit is the driver of an unprecedented rally of GameStop stock, and has received a great deal of...
  • Exchanges Ban Trades, Biden Administration ‘Monitoring Situation’ After Reddit Drives Wall Street Hedge Funds to Brink of Bankruptcy in Gamestop Short: Bankers are absolutely furious with the market's first populist uprising

    01/27/2021 6:50:03 PM PST · by SeekAndFind · 153 replies
    National File ^ | 01/27/2021 | Jack Hadfield
    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...
  • Hedge Fund CIO on the Stock Market: “It's An Orgy”: “The big boys are no longer bullish, They are now bubble bullish"

    01/25/2021 8:51:49 AM PST · by SeekAndFind · 15 replies
    Hedge Accordingly ^ | 01/25/2021 | Eric Peters, CIO of One River Asset Management
    “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%...
  • The World’s Most Bearish Hedge Fund Just Did Something It Hasn’t Done In 8 Years: Bets on inflationary assets outperforming deflationary assets

    10/17/2020 9:07:28 PM PDT · by SeekAndFind · 3 replies
    USSA News ^ | 10/17/2020 | Tyler Durden
    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 Firm Hit Hard By Credit Collapse (paywall)

    04/13/2020 10:29:51 AM PDT · by NohSpinZone · 14 replies
    Wall Street Journal ^ | 4/13/2020 | By Juliet Chung and Gregory Zuckerman
    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 - Epstein Operation 'Obviously For Blackmailing Purposes,' May Have 'State Sponsor'

    07/09/2019 9:32:37 PM PDT · by Beave Meister · 33 replies
    The Information Liberation ^ | 7/8/2019 | Chris Menahan
    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 --...
  • Chevron Takes Battle To Radical Environmentalist Lobby

    04/03/2014 4:27:06 PM PDT · by jazusamo · 15 replies ^ | April 3, 2014 | IBD Editorial
    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...
  • Wall Street Hedge Fd CEO Manuel Henriquez Resigns After Being Caught In University Bribery

    03/13/2019 3:16:20 PM PDT · by CaliforniaCraftBeer · 25 replies
    CBS-KPIX News 5 & The Associated Press ^ | March 13, 2019 | Unknown
    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...
  • Mistress sues married hedge-funder over STD and lies ("Miss Germany International")

    12/18/2017 5:48:34 PM PST · by dynachrome · 35 replies
    NY Post ^ | 12-17-17 | Julia Marsh
    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...
  • Trump State Department Fights to Keep Clinton Benghazi E-mails Secret

    05/08/2017 4:53:41 PM PDT · by detective · 87 replies
    The New American ^ | 08 May 2017 | Joe Wolverton, II, J.D.
    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,...
  • Chelsea Clinton's Hubby Flubs Badly -- Out of a Job. Hedge Fund Loses 90% in bad bet on Greece

    02/09/2017 8:22:06 AM PST · by SeekAndFind · 102 replies
    WorldNet Daily ^ | 02/09/2017
    <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>
  • Clinton’s son-in-law closed his hedge fund after the election

    02/08/2017 9:18:56 AM PST · by COUNTrecount · 50 replies
    NY Post ^ | February 8, 2017 | Daniel Halper
    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.