Tag: Hedge funds
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“On the screen before her was a figure she had never seen before, at least not on an ATM…$45 million, newly deposited in their joint account. It was Pellegrini’s bonus for the year….” Paolo Pellegrini’s wife Henrietta could hardly believe their good fortune. A few short years ago, Paolo had…
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+ Billionaires, Finance, Hedge funds, Investing, Money, Reading, Real estate, Stock Market, Stocks, Wall street+
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Billionaire investor Carl Icahn took a massive loss Friday as his company, Icahn Enterprises (IEP), slashed its dividend by half. From a new report in Forbes: Shares of Icahn Enterprises plunged 25% Friday morning after Carl Icahn’s firm cut its quarterly distribution in half, leading to a $1.7 billion drop…
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FBI agents raided the homes of prominent short sellers last year. Now, criminal charges may be imminent. From a new report in Bloomberg: Anxiety over the Justice Department’s investigation intensified several weeks ago when the head of its market integrity and major frauds unit predicted at a legal conference that…
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The hedge fund industry manages $5 trillion dollars. That money is managed so poorly you could do better throwing darts at a board. From a Financial Times report out over the holiday weekend: Using backtested data for the HFRI 500, hedge funds continue to be a clear laggard on a…
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A major rally this year has punished short sellers, leading to massive losses. From a report out overnight in The Wall Street Journal: Short sellers have incurred roughly $120 billion in mark-to-market losses this year, including $72 billion in the first half of June, according to S3. “There are still…
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Things are going from bad to worse for hedge fund billionaire Carl Icahn. Icahn Enterprises stock is down over 20% today after prominent fund manager Bill Ackman predicted disaster for the firm. In a lengthy tweet yesterday, Ackman outlines a nightmare scenario for the stock: Icahn owns 85% of the…
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+ Business+ Ackman, Finance, Hedge funds, Icahn, Investing, Money, Stock Market, Stocks, Wall street, Wallstreetbets+
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Corporate raider Carl Icahn has lost $15 billion since the release of an exposé by Hindenburg Research. That’s over $900 million a day. The Hindenburg Report Hindenburg claims that Icahn’s holding company, Icahn Enterprises, is structured like a Ponzi scheme. Repeated share sales support an unusually high 28% dividend. In…
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Cost to borrow shares of AMC Entertainment holdings went through the roof today. From a report out just this afternoon on InvestorPlace: Get the blog before anyone else…subscribe! Let’s say you want to short AMC. But you don’t want to pay 216% a year interest because…uh…no one does. But don’t…
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+ Business+ AMC, APE, Finance, Hedge funds, Investing, Meme stocks, Money, Reddit, Stock Market, Stocks, Stonks, Wall street, Wallstreetbets+
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Tremendous 