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Short Sellers Target Hong Kong Dollar: Five Things To Know - Nikkei Asia

HONG KONG -- Billionaire hedge fund investor Bill Ackman has added his name to a list of prominent short-sellers betting against the Hong Kong dollar. The American thinks the currency's peg to the U.S. dollar will crumble, triggering a plunge in its value. Ackman, founder of Pershing Square Capital Management, explained his view in a brief tweet last week: "The peg no longer makes sense for Hong Kong and it is only a matter of time before it breaks."
Read by 58% of LPs 10hours ago

Tracking John Paulson’s Paulson & Company Portfolio – Q3 2022 Update

This article is part of a series that provides an ongoing analysis of the changes made to John Paulson's 13F stock portfolio on a quarterly basis. It is based on Paulson's regulatory 13F Form filed on 11/14/2022. Please visit our Tracking John Paulson's Paulson & Company Portfolio series to get an idea of his investment philosophy and our previous update for the fund's moves during Q2 2022. This quarter, Paulson's 13F portfolio value decreased ~33% from $2.03B to ~$1.37B.
Read by 43% of LPs 20hours ago

Former Bridgewater Ceo David Mccormick Is Reportedly Eyeing Another Run For The Pennsylvania Senate

McCormick will lay out a “conservative agenda for American renewal” in a book set to publish in March. : David McCormick, the former CEO of the hedge fund Bridgewater Associates, plans to publish a book in March that lays out a “conservative agenda” for the country—the latest sign McCormick is weighing another run for the Pennsylvania Senate in 2024 after stepping down from his position at Bridgewater to run in this year’s primary. Former Bridgewater CEO David McCormick campaigns for a Senate seat in Pennsylvania.
Read by 76% of LPs November 28, 2022

Hedge Fund Billionaire Bill Ackman Walks Back Endorsement Of Questionable Cryptocurrency

One week after Ackman issued a rambling Twitter thread in which he lauded the troubled blockchain project Helium, the hedge fund mogul has reversed course.
Read by 79% of LPs November 28, 2022

Hedge Fund Sees Value In Meta Stock

London-based hedge fund with strong 2022 investment return bets that Meta's struggling stock soon will stop falling and reverse course.
Read by 35% of LPs November 28, 2022

Extract Value From The Corporate Bond Market With Korp

The corporate bond market could finally be taking a turn for the better if hedge funds’ bets are correct. More capital is pouring back into bonds as certain debt issues are flashing value-oriented opportunities in a challenging market environment. According to a Financial Times article: “Big-name hedge funds are snapping up bargains in junk bonds [...] The post Extract Value From the Corporate Bond Market With KORP appeared first on ETF Trends.
Read by 40% of LPs November 28, 2022

Ftx Collapse Claims A Big Victim: Lender Blockfi Goes Bankrupt

Since the overnight fall of the FTX cryptocurrency exchange on November 11, the crypto space has been waiting to see what other dominoes will fall. FTX and its sister company Alameda Research, the two heads of Sam Bankman-Fried's crypto empire, were centerpieces of the cryptocurrency industry. The two companies had played the saviors of crypto firms weakened by the collapse of sister cryptocurrencies Luna and UST last May. This disaster triggered a credit crunch that caused crypto lenders Voyager Digital and Celsius Network to file for Chapter 11 bankruptcy. Hedge fund Three Arrows Capital was forced into liquidation.
Read by 53% of LPs November 26, 2022

This Is Why A Hedge Fund Fears 'hyperinflation' In Developing Nations

Elliot Management warned that some countries may face "hyperinflation". If that does happen, it could cause big problems for the US.
Read by 67% of LPs November 24, 2022

Cardano Defi Project Ardana Halts Development, Citing Funding, Timeline Concerns

The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year.
Read by 76% of LPs November 24, 2022

Hedge-fund Manager Bill Ackman Says The Hong Kong Dollar Is His 'big Short' Right Now

Hedge fund giant Bill Ackman tweeted Wednesday that his fund Pershing Square has "a large notional short position against the Hong Kong dollar" via put options.
Read by 64% of LPs