Hedge funds see the governor’s call for debt restructuring as more of an opening salvo in a negotiation than an indication of imminent defaults.
Clean out your desk, Alexis Tsipras.
Perhaps its a sign that hedge funds are concerned about stock market valuations, and have run out of corporate turnaround trades that can net their investors high returns in a relatively short time frame.
The fall of oil and gas prices has taken a toll on energy stocks, but top hedge fund billionaires don’t seem to be worried.
In a special web episode of Wall Street Week run on Monday, Marathon Asset Management CEO Bruce Richards made a pretty grim prediction for Greece's embattled government: "Thirty days from now, Syriza party – which is Alexis Tsipras,Show More Summary
``Mutual funds, hedge funds, and ETFs, are part of the "shadow banking system" where these modern "banks" are not required to maintain reserves or even emergency levels of cash. Since they in effect now are the market, a rush for liquidity...Show More Summary
"... how to get hired at McKinsey consultants with no experience, how to land a network job at $700,000 a year with no experience, how to marry a hedge fund guy. $65,000 for this drivel? The fascination of regressive leftists with celebrity...Show More Summary
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