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NEW YORK (Reuters) - Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in a sign that the hedge fund firm may be pessimistic about companies on the continent.
The hedge fund made gains on 11 activist plays, including companies with “egregiously high valuations coming public through SPACs,” says founder Ben Axler.
The practise has propelled the price of stocks like GameStop, AMC Entertainment and Bed Bath & Beyond to name a few.
Hedge fund ExodusPoint takes short position in Deliveroo after disappointing IPO (Photo by Dan Kitwood/Getty Images) Hedge fund ExodusPoint Capital Management has reportedly taken a short position in Deliveroo after the delivery firm’s disastrous market debut. The New York hedge fund’s bet makes up approximately 0.56 per cent of Deliveroo’s shares, Financial News reported. The short position, which could be worth as much as £26m based on its closing price, marks the first big public short of Will Shu’s firm since its disappointing start in March. Deliveroo made...
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 trading skill. Muddy Waters, then only a research firm, was based in San Francisco, so he arranged an i...