• GoldCore
    09/04/2015 - 07:43
    Large pools of gold in indebted nations will be vulnerable. Pool accounts, digital gold bullion vaulting providers and depositories in the UK and the US might have their companies and assets...
  • Sprott Money
    09/04/2015 - 05:58
    It can't continue indefinitely, and there has to be a terminal point, and I think obviously we're much closer to that.

Pershing Square

Tyler Durden's picture

Nassim Taleb's Fund Made $1 Billion On Monday; This Is How The Other "Hedge" Funds Did





You can't say Nassim Taleb didn't warn you: the outspoken academic-philosopher, best known for his prediction that six sigma "fat tail", or black swan, events happen much more frequently than they should statistically (perhaps a main reason why there is no longer a market but a centrally-planned cesspool of academic intervention) just had a black swan land smack in the middle of the Universa hedge fund founded by ardent Ron Paul supporter Mark Spitznagel, and affiliated with Nassim Taleb. The result: a $1 billion payday, translating into a 20% YTD return, in a week when the VIX exploded from the teens to over 50, and which most other hedge funds would love to forget.

 
Tyler Durden's picture

Frontrunning: August 27





  • Virginia TV journalists killed by suspect with 'powder keg' of anger (Reuters)
  • Policeman shot to death and three women stabbed, one fatally, in Louisiana (Reuters)
  • China Intervened Today to Shore Up Stocks Ahead of Military Parade (Reuters)
  • Margin Calls Bite Investors, Banks (WSJ)
  • "Computer glitch" is preventing dozens of mutual funds, ETFs from promptly pricing their securities (WSJ)
  • Oil prices rise more than 4 percent as equities rally (Reuters)
  • Oil Industry Needs Half a Trillion Dollars to Endure Price Slump (BBG)
 
ilene's picture

Market Manipulation 101 – Buy $5.5Bn of a Stock, Tell People You Did It





Bill Ackman had a $1Bn shortfall to cover (allegedly) in his Pershing Square Fund. 

 
Tyler Durden's picture

Is This Why Hillary Clinton Just Went Nuclear On Short-Term Capital Gains Tax?





"Hillary Clinton will propose a revamp of capital-gains taxes that would hit some short-term investors with higher rates, part of a package of measures designed to prod companies to put more emphasis on long-term growth," WSJ reports. Interested to know who might be pulling the strings behind the scenes? Read on...

 
Tyler Durden's picture

SEC Reads Zero Hedge, Launches Crack Down On Activist Hedge Fund "Idea Dinners"





Ten months after we asked whether "The SEC Is Asking These Hedge Funds Why They All Rushed Into Allergan Last Quarter?" we find that the US market regulator indeed reads this website on a regular basis. As the WSJ reports the SEC has answered our question, and yes: the  SEC is finally asking not only "these" hedge funds why they all rushed into Allergan, but into every other collusive activist take out target.

 
Tyler Durden's picture

Frontrunning: April 2





  • Samaras Says He’d Join Alliance to Keep Greece in Euro (BBG)
  • Tensions with Warren camp could loom over Clinton campaign (Reuters)
  • Ackman Report on Herbalife in China Figures in Probe (WSJ)
  • Al Shabaab storms Kenyan university, 14 reported killed (Reuters)
  • Iraq’s Four-Mile Line of Supertankers Fuels Shipping-Rates Surge (BBG)
  • Menendez's fate could sharpen Republicans' edge in Senate (Reuters)
  • IRS Chief Chides Ted Cruz Over 'Abolish the IRS' Mantra (BBG)
  • Yemen Houthi fighters backed by tanks reach central Aden (Reuters)
 
Tyler Durden's picture

Bill Ackman Faces FBI Probe Over Possible Herbalife Stock Manipulation





Herbalife stock is up over 5% after hours after WSJ reports Bill Ackman (among others) made false statement about Herbalife's business models to regulators - in order to spur investigations into the company and lower its stock price. This comes just months after Ackman kinda-sorta-didn't-really insider-trade in the Allergan 'scam' that we detailed here. We suspect Whitney Tilson (and his Lumber Liquidators positions) is getting a little nervous now... and Carl Icahn is quietly laughing to himself.

 
Tyler Durden's picture

Bill Ackman's Biggest Winners And Losers Of 2014





Love Bill Ackman or hate him, whether or you think that his outlier "investment" of the year, one which generated nearly half of his P&L in 2014 namely the collusive hostile bid with Valeant on whose balance sheet he piggy-backed in an attempt to acquire Allergan with lots and lots of debt and whose public announcement he front-ran with even more leverage in the form of hundred of millions in call options, was more criminal than the alleged Herbalife pyramid scheme or perfectly legitimate, one thing is beyond dispute - of all the prominent hedge funds, Ackman's Pershing Square was the best performing hedge fund of 2014.

 
Tyler Durden's picture

The Best And Worst Hedge Funds Of 2014, And Everyone Inbetween





2014 was a challenging year, and perhaps for nobody more than the marquee hedge fund names of the past several years, which for the 6th year in a row underperformed the S&P 500 despite once again raking in billions in "performance" fees.

 
Tyler Durden's picture

Frontrunning: November 12





  • Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
  • Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
  • Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
  • Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
  • Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
  • Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
  • Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
  • Some unhappy Yahoo investors asking AOL for rescue (Reuters)
 
Tyler Durden's picture

Frontrunning: November 5





  • From Yes We Can to Probably Not (BBG)
  • How Mitch McConnell did it (Politico)
  • Tough road ahead for Obama after Republicans seize Senate (Reuters)
  • Election 2014: Who were the big winners and losers? (USA Today)
  • GOP Senate Takeover Puts Fed on Hot Seat (WSJ), and other fables
  • GOP Won by Recruiting the Right Candidates (WSJ)
  • McCain could shake up U.S. defense in powerful new Senate role (Reuters)
  • Investors Pulled Record Amount From Pimco’s Flagship Fund in October (WSJ)
  • Taliban group threatens to attack India following border blast (Reuters)
  • Oil Import Decline to U.S. Revealed by Louisiana as Truth (BBG)
 
Tyler Durden's picture

Frontrunning: October 27





  • White House questions new Ebola rules, nurse plans to sue (Reuters)
  • States stand firm on Ebola quarantines despite White House pressure (Reuters)
  • Rousseff Naming Brazil Finance Minister Key to Regain Trust (BBG)
  • Ukraine leader wins pro-West mandate but wary of Russia (Reuters)
  • Single Firm Holds More Than 50% of Copper in LME Warehouses (WSJ)
  • Treasury Liquidity Squeeze Seen as Dealer Shut Off Machine (BBG)
  • CVS follows Rite-Aid, shuts off Apple Pay (USAToday)
  • Oil Speculators Bet Wrong as Rebound Proves Fleeting (BBG)
  • Draghi Sets Stimulus Pace as ECB Reveals Covered-Bond Purchases (BBG)
  • German Ifo Business Confidence Drops for Sixth Month (BBG)
 
Tyler Durden's picture

Frontrunning: October 14





  • No Happy Ending for Investors in Central Bank Fairy Tale (BBG)
  • Ebola Response Strains Hospitals (WSJ)
  • Obama, foreign military chiefs, to thrash out Islamic State plans (Reuters)
  • Draghi’s ‘Whatever It Takes’ Plan on Trial at EU Court (BBG)
  • Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap (BBG)
  • Iran’s Message to World: You Need Us to Fight Islamists (BBG)
  • Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide (Reuters)
  • Ukraine Grannies Outprice Banks on Hryvnia Black Market (BBG)
  • HK police use sledgehammers, chainsaws to clear protest barriers, open road (Reuters)
  • Gazprom Quarterly Net Rises 13%, Misses Estimate on Ukraine Debt (BBG)
 
Tyler Durden's picture

Frontrunning: October 8





  • Turkey says Syria town about to fall as Islamic State advances (Reuters)
  • Only now? Growth worries grip stocks, oil (Reuters)
  • Hong Kong Protest Leaders ‘Furious’ at Agenda for Talks (BBG)
  • Earthquake Damages Thousands of Homes in Southern China (BBG)
  • Keystone Be Darned: Canada Finds Oil Route Around Obama (BBG)
  • Where Is North Korea's 31-Year-Old Leader? (BusinessWeek)
  • Australia to Revise Employment Data (WSJ)
  • Americans Living Longer as Fewer Die From Heart Disease, Cancer (BBG)
  • A 401(k) Conundrum: Can You Make Cash Pile Last for Life?  (BBG)
  • China Services Sector Slows in September (WSJ)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!