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Page 2 - அக்கமன் தொடர்கிறது சதுரம் ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Self-Proclaimed Cultists Obsessed With Bill Ackman s SPAC Think a Deal Is Near — But They ve Been Wrong Before

Sponsored Some self-professed cultists investing in Bill Ackman’s SPAC, Pershing Square Tontine Holdings, now are betting on a deal announcement by mid-May.  These retail investors, posting on the Reddit forum r/PSTH, call it “hopium” and it’s just the latest speculation from those who’ve been trying to time the deal, as well as figure out which company will be the SPAC’s merger partner. The new speculation is based on an April 29 video interview with Ackman on “The Interactive Investor,” a British retail platform, in which the hedge fund manager said that Pershing Square Holdings, his UK-listed hedge fund, had sold its stake in Starbucks about a month ago and was replacing it with “a new investment we haven’t disclosed. You’ll will see the beginnings of disclosure of that probably with a filing we will make in mid-May.”

Goldman derivatives traders profit from rates vol explosion

Goldman Sachs netted significant profits trading interest-rate options during the recent sell-off in US Treasuries, according to sources familiar with the matter, marking it out as one of the only investment banks to gain from wild swings in this corner of financial markets this year. Bank trading desks had to contend with some of the most explosive moves in US interest-rate option markets since the 2008 financial crisis when Treasury yields jerked higher during the first quarter. A record of nearly 18,000 US dollar swaption trades changed hands over that period, according to data from ISDA, comfortably the most ever in a quarter.

A Bet On Rising Rates Drives Ackman s First Quarter Gains

percent during March. The biggest winner for Ackman’s Pershing Square Holdings so far in 2021 has been a bet on rising interest rates made in the form of a derivative known as an interest rate swaption. Interest rate swaptions had added 3.8 percentage points to the portfolio by March 23, according to a letter to shareholders in the fund s annual report, released earlier this week. Last year, more than a third of Pershing Square’s outsize gains came from shorts on credit CDS. While it closed out those shorts in March, the hedge fund bought some additional CDS later in the year as spreads narrowed. But the big gain this year has come from “very large notional hedges in the form of interest rate swaptions” purchased in December through February, Ackman wrote.

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