Page 34 - Carson Block News Today

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His online tutoring firm, GSX Techedu Inc., has been battered in the stock market, tumbling more than 80% since late January. Last month, the investor with the largest exposure to the shares — Bill Hwang’s Archegos Capital Management — imploded when it was unable to answer margin calls. Short sellers including Carson Block’s Muddy Waters and others have been circling since last year, and GSX’s latest financial results showed wider-than-expected losses. It faced a new barrage this mont...

It’s been a turbulent few weeks for Larry Chen, a former school teacher from a poor Chinese village who’s now one of the world’s richest people. His online tutoring firm, GSX Techedu Inc., has been battered in the stock market, tumbling more than 80% since late January. Last month, the investor with the largest exposure to the shares -- Bill Hwang’s Archegos Capital Management -- imploded when it was unable to answer margin calls. Short sellers including Carson Block’s Muddy Waters...

A year before Carson Block launched Muddy Waters Capital, his hedge fund firm, he started trying to line up a prime broker — an investment bank that could lend him stocks so he could then sell them short. But the task was proving arduous. The problem, he believes: Block had made his name calling out China frauds, and Wall Street loved China. After several bulge-bracket banks turned him down, Block decided to try his luck with Jefferies Financial Group, a scrappy up-and-comer known for its tra...

Hedge Fund and Insider Trading News: David Tepper, Bridgewater Associates, Alden Global Capital, Pershing Square Capital, Brevan Howard Asset Management, HP Inc (HPQ), Deutsche Bank AG (DB), and More Bridgewater Associates (Bridgewater), a global leader in institutional portfolio management and the largest hedge fund in the world, has launched a new sustainable investing venture. Karen Karniol-Tambour and Carsten Stendevad will serve as Co-Chief Investment Officers (Co-CIO) for Sustainability, ...

The Globe and Mail Larry MacDonald Published April 15, 2021 It looks like small investors can compete against institutional and professional investors after all. That may be one of the takeaways from the recent collapse of Archegos Capital Management. The money manager’s failure also highlights regulatory gaps that allow stocks to be unduly influenced, the potential for hidden short squeezes and investment opportunities among Archegos’s pummelled stocks. First, consider an investment mad...

In the early hours of December 11 2010, Bernie Madoffs eldest son decided hed had enough. He fashioned a noose from a black dog leash and hanged himself from a ceiling beam in his $6 million New York apartment. A tragic end for a man who had once had it all; a devoted wife, young children and... Read More...

SPACs, NFTs Have Reached ‘Baseball Card Company Has Heard Of Us And Wants In’ Stage Of Oversaturation Needless to say, the SEC is concerned. Author: Needless to say, the SEC is concerned. From time to time in recent months, the Securities and Exchange Commission has felt compelled to weigh in on the special purpose acquisition company boom, generally in an unfavorable way, and often prompted by some or other head-scratching or slamming-into-a-brick-wall novelties appended to the gener...

1 Muddy Waters Sued Over Report Linking Solutions 30 to Crime Published :April 06 2021, 10:48 PM Last updated : April 07 2021, 12:15 AM (Bloomberg) -- Muddy Waters Capital LLC was accused in a lawsuit of profiting from shorting Solutions 30 SE while targeting the European technology services company in an “aggressive and baseless” campaign. A Romanian company that provides back-office support for Solutions 30 said in the complaint that Carson Block’s research firm anonymously published a...

GameStop relives extreme volatility in roller-coaster day Paul Jarvis, Bloomberg News VIDEO SIGN OUT GameStop Corp. ended the session higher after a roller-coaster session that echoed the wild swings in January when the company first rattled markets. Shares closed up 7.3 per cent to US$265 in New York, extending gains for a sixth day, its longest winning streak since September. But it was not a smooth ride for the video-game retailer. At one point, shares whiplashed violently, with the ...