In our overnight market wrap, we said that with the Greek D-Day doubling as quarter end for countless hedge funds most of which are now suddenly underwater, there would be a plethora of rumors designed to spark buying momentum algos which would provide brief selling opportunities. Show More Summary
The Greek D-(efault) day has arrived, and with it so has quarter-end window dressing for many underwater hedge funds (recall the S&P is now red for the 2015) which means the rumor mill today will be off the charts. And sure enough, less...Show More Summary
Hedge funds, the ultimate "smart money", are twisting in the wind.
Apparently it's not weird that high school students in New York in the 80's didn't know Confederate flag = bad.
Submitted by Daniel Drew via Dark-Bid.com, On Wall Street, a vital skill is the ability to sell something that you know is completely worthless. Goldman Sachs did it when it sold ABACUS 2007-AC1 to investors while hedge fund manager John Paulson was betting against it. Show More Summary
... the question of what happens when the markets do open is particularly acute for the hedge fund investors -- including luminaries like David Einhorn and John Paulson -- who have collectively poured more than 10 billion euros, or $11 billion, into Greek government bonds, bank stocks and a slew of other investments... Show More Summary
Poker playing hedge fund manager David Einhorn was eliminated from the World Series of Poker $111,111 High Roller for One Drop tournament on Sunday. Greenlight Capital's CEO had an Ace/Queen in his hand on a Queen, 10, 5 flop (the first three cards dealt face up on the table). Show More Summary
"You know who talks about race? Racists." That was an actual line delivered in August by Jonathan Hoenig, a wealthy, white hedge fund founder, as he and other members of a Fox News panel tried to dismiss the significance of race andShow More Summary
Doubtless some risk-seeking hedge fund managers stayed up late last night pondering the situation in Greece. Agence France-Presse/Getty Images People queue at a national Bank of Greece ATM in central Athens on June 27, 2015. Global markets are sinking, Greece’s banking system is closed and its people will vote, by way of referendum, whether the [...]
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