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North Coast Environment Council president Jim Morrison has accused Forestry Corporation of New South Wales of endangering lives and disregarding ecology. Kerry Smith reports.
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...
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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 made by Archegos, the Canada Pension Plan Investment Board (CPPIB) and Alberta Investment Management Co...
‘We’re at this point where stock markets are just ludicrous,’ says Carson Block MarketWatch 2/2/2021 MARKET EXTRA Carson Block thinks that investing sentiment is reaching ludicrous levels — and that could eventually fracture a market that he views as fragile. The founder of San Francisco-based Muddy Waters, who made his name shorting Chinese stocks, told MarketWatch in a Monday-afternoon interview that the dust-up between a select group of individual investors using Reddit chat forums and a clutch of professional investors highlights the problems swirling in a market that has been ...
James Langton Securities regulators have long targeted “pump-and-dump” schemes that aim to drive up stock prices with baseless hype. Now, regulators are going after so-called “short-and-distort” campaigns, in which short-sellers badmouth companies in an effort to drive down stock prices. Certain Bay Street factions have long complained about the role of short-sellers in the Canadian market. More recently, there have been concerns about the threat of activist short-sellers — traders who don’t just quietly bet against companies they see as overvalued, but broadcast their views to th...