Brazil's star hedge fund manager is killing it this year — but his tone is dark
Brazilian hedge fund manager Luis Stuhlberger, the founder of Verde Asset Management, is bearish on his home country."We are positioned for a muddle through," Stuhlberger wrote in a November...
View ArticleAn anonymous short-seller called a company a 'Ponzi-like real-estate scheme'...
United Development Funding IV, a Texas-based real-estate-investment trust (REIT), has fallen more than 50% in the last 24 hours. On Thursday afternoon, UDF's stock fell 35% after an anonymous...
View ArticleThere has been a 'sea-change' in commodities, and hedge funds have lost $40...
Commodities trading company Trafigura says there's been a "sea-change" in investor attitudes in the commodities sector.In other words, investors are feeling negative and many are fleeing...
View ArticleWhitney Tilson has covered his Lumber Liquidators short, and now the stock is...
Hedge fund manager Whitney Tilson, the founder of Kase Capital, has cashed out on his bet against Lumber Liquidators."In the past week, I've received information (I can't reveal the details at this...
View ArticleHEDGE FUND HOLDOUTS: Argentina is already up to its old tricks again
The drama that is Argentina versus American hedge funds could be set to start up again in full force.Mauricio Macri this month replaced Cristina Fernandez de Kirchner as president, after running a...
View ArticleInvestors may soon find themselves caught in a prisoner's dilemma
The high-yield debt market has been experiencing a dramatic sell-off over the past few days after the closure of the Third Avenue Focused Credit Fund.Investors yanked $2.8 billion from junk-bond mutual...
View ArticleBill Ackman just laid out how he could dig himself out of a huge hole with...
Bill Ackman, the activist investor who runs Pershing Square Capital Management, is confident that his money-losing bet in Canadian drug company Valeant Pharmaceuticals will eventually pay off.Valeant...
View ArticleShort seller Andrew Left just flagged the 'short of the year' for 2016 and...
Short seller Andrew Left, founder of the California-based Citron Research, tweeted that Mobileye is the "short of the year" for 2016. Shares of Mobileye fell to $40.20, down $2.75, or 6.40%, after the...
View ArticleBoardroom diversity is falling in some of the biggest companies in the US
African-Americans have become a shrinking presence in the boardrooms of the biggest U.S. companies in recent years, setting back a push by pension funds for greater diversity.African-Americans, who...
View ArticleHedge funder Martin Shkreli has been arrested in a securities-fraud...
Martin Shkreli was arrested by the FBI on charges of securities-fraud on Thursday morning.Bloomberg News was the first to report the news of Shkreli's arrest.Shkreli has denied all the charges and...
View ArticleIt looks like Martin Shkreli could have his $2 million Wu-Tang album taken...
The fate of Martin Shkreli's exclusive copy of Wu-Tang Clan's "Once Upon a Time in Shaolin" album is uncertain.Last week it was revealed that Shkreli purchased the only copy of the hip-hop group's...
View ArticleCarson Block said a company's 'financial statements are literally...
Shares of French retailer Groupe Casino plunged after short-seller Carson Block, founder of Muddy Waters Research, issued a report calling the company "one of the most overvalued and misunderstood" he...
View ArticleMartin Shkreli is out on $5 million bond
Martin Shkreli is free on $5 million bond, Bloomberg News reports.Shkreli, 32, was arrested on Thursday morning by federal authorities on charges of securities fraud involving his former hedge fund,...
View ArticleFBI: 'We didn't seize the Wu-Tang Clan album'
There has been a lot of speculation on social media regarding the fate of Martin Shkreli's exclusive copy of Wu-Tang Clan's newest album, "Once Upon a Time in Shaolin."Last week it was revealed that...
View ArticleHere's the video of Martin Shkreli getting bombarded by press as he leaves court
CNBC has posted a video of pharma CEO Martin Shkreli walking out of court wearing sunglasses in the rain and surrounded by a swarm of press.On Thursday morning, FBI agents arrested Shkreli at his...
View ArticleRANKED: The banks that have produced the most hedge fund analysts
Hedge fund analysts typically spend the first few years of their careers paying their dues working at an investment bank before transitioning to the buyside.And it seems some banks produce more hedge...
View ArticleANALYST: This has become a 'trust us' story (BID)
The CFO of auction house Sotheby's, Patrick McClymont, has resigned from the company effective January 1, and that's giving some on Wall Street pause."...yes we were surprised by the...
View ArticleCITADEL: Yoda 'would have made a great investor' (dis)
"Star Wars: The Force Awakens" hit theaters on Friday, and a group of analysts from the hedge fund Citadel sat down to discuss the Disney-owned movie franchise.Among other things, analysts Stephen...
View ArticleSteve Cohen just scored a victory in his battle with the SEC
The US Securities and Exchange Commission has dropped a portion of its civil case against SAC Capital founder Steve Cohen.In a joint statement on Monday, December 21, the SEC's division of enforcement...
View ArticleDavid Tepper just stepped up his rare public battle against one of his...
David Tepper, founder of the hedge fund Appaloosa Management, has stepped up his public battle with TerraForm Power, a company that owns and manages solar-energy projects.Appaloosa, which owns 9.5% of...
View Article