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A man walks over a bridge in front of the skyline of the Lujiazui Financial District in Pudong in Shanghai. After suffering through a 953 percent rally in shares of Yirendai Ltd. since mid-February, hedge funds and other bearish speculators were rewarded over the past four days as the Chinese peer-to-peer lender sank 35 percent in U.S. trading. Holding on to the trade has been especially costly after annualized borrowing rates for Yirendai... Full investment news article
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Steve Eisman Is Leading A Hedge Fund Revolution
Steve Eisman is somewhat of a celebrity in the hedge fund world. And after the release of the film adaptation of Michael Lewis’s The Big Short, Eisman has also become a star outside of the financial community as well. Eisman, who is played by Steve Carell in The Big Short, was one of the few hedge fund managers to realise the risk sub-prime mortgage borrowing presented to the US economy. His bets against the US housing market, banks and the wider ... Full investment news article