Tag: Stocks
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Melvin Capital Management LP is shutting down, according to a report from Bloomberg that broke last night. The once highflying hedge fund was badly burned by short positions in meme stocks like AMC Entertainment Holdings, Inc. and GameStop Corp in 2021. This year, it lost a further 20% of its…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Melvin Capital, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Citadel LLC added tens of millions of dollars to its option bet on AMC Entertainment Holdings, Inc. in the most recent quarter. Its net bullish position increased from $90 million to $125 million, according to an SEC report released yesterday. It also built a bullish position in GameStop Corp. options…
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+ Business+ AMC, Citadel, Finance, Gamestop, Investing, Melvin Capital, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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US markets will soon move to faster settlement of trades. This change could seriously damage some short selling hedge funds. From a new report in The Trade News: The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) are…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Reddit, Robinhood, Stock Market, Stocks, Wallstreetbets+
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The good times are over. And they didn’t even last that long. The NASDAQ quickly bounced back from an over 30% fall in early 2020 as COVID raged. The tech stock index reached all-time highs last November, only to plummet a further 29% since. Now, the tech stock rout is…
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Things seem to be going from bad to worse at hedge fund giant Tiger Global. Its losses for 2022 are up to $17 billion, according to a new Financial Times report: Tiger Global has been hit by losses of about $17bn during this year’s technology stock sell-off, marking one of the biggest…
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+ AMC, Finance, Gamestop, Investing, Money, Reddit, Startups, Stock Market, Stocks, Tech, Venture Capital, Wallstreetbets+
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Hedge fund giant Tiger Global Management has lost nearly half its assets in 2022. But it’s not pulling back. On the contrary, it made 16 investments in private tech startups in April, per Crunchbase. That was enough to tie for #1 most active investor in the United States. This could…
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+ Finance, Hedge funds, Investing, Money, Reddit, Startups, Stock Market, Stocks, Tech, Wallstreetbets+
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Massive hedge fund Tiger Global Management is down nearly 50% so far this year, according to a new report from the Financial Times: Tiger Global’s flagship hedge fund was dealt a fresh blow in April and is down more than 40 per cent this year, in the latest sign of…
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+ Finance, Hedge funds, Investing, Money, NASDAQ, Reddit, Startups, Stock Market, Stocks, Tech, Venture Capital, Wallstreetbets+
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A proposed SEC rule could starve hedge funds of cash by making it nearly impossible to raise money from pension funds. From the magazine Risk: Pension funds in the US may be unable to invest in hedge funds if a sweeping package of financial reforms by the markets regulator is…
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Bill Hwang, founder of Archegos Capital Management, was charged yesterday with racketeering and securities fraud. How Hwang hid his positions teaches us a lot about how markets work today. How Total Return Swaps Work Archegos Capital Management controlled a majority of the shares of several large public companies without making…
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+ Business+ Archegos, Bill Hwang, Finance, Gamestop, Hedge funds, Investing, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Just after announcing plans to re-institute performance fees, failing hedge fund Melvin Capital has backtracked. From the Financial Times: The US-based firm, which lost 53 per cent in January last year after betting against retail investor favourite GameStop, had written to investors only last week with plans to remove a…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Melvin Capital, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Tremendous 