This Month
L1 Capital shorts CBA as cracks emerge
The hedge fund has become the latest to take the so-called “widow-maker” trade against Australia’s largest bank.
- Updated
- Joshua Peach
Hedge funds were busy buying the dip amid turmoil
As trillions of dollars were being erased from global equity markets on Monday as investors fled, some fast money was stepping back in.
- Natalia Kniazhevich
What is the yen carry trade, and why is it now melting markets?
Japan’s debt market has long been an anchor for global investors thanks to rock-bottom interest rates, but the unwinding of that lucrative trade is adding to the panic.
- Jessica Sier
- Opinion
- Opinion
From Ackman to AFIC, fund manager discounts persist
Bill Ackman’s failed attempt to float the largest ever closed-end fund shows that a high profile and even a solid track record isn’t always enough to win.
- Jonathan Shapiro
July
90 per cent off: Ackman forced to slash target for IPO
The offering is expected to bring in $US2 billion, less than one-tenth the target the billionaire hedge-fund manager suggested earlier this month.
- Bailey Lipschultz
BlackRock’s Larry Fink won’t be rushed in the search for his successors
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long.
- Brooke Masters
- Opinion
- Opinion
US regulator says activist short seller was a pump-and-dumper
Andrew Left had a reputation for hunting frauds, but that gave him a platform to pump-and-dump stocks, the SEC has alleged.
- Jonathan Shapiro
Ackman’s Pershing postpones US fund IPO
Billionaire Bill Ackman’s US closed-end fund is facing a delay to its highly-anticipated initial public offering as it awaits regulatory approval.
- Yiqin Shen and Bailey Lipschultz
- Exclusive
- Managed funds
Taurus misled Phil King’s Regal in due diligence, former CFO claims
Andrew Sampson was made redundant from Taurus in March. He claims he was dismissed after raising concerns about the conduct of the commodities financier’s founders.
- Max Mason
M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid
Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.
- Joanne Tran
US hedge fund made 50pc on Adani short-sell attack
New York investment fund Kingdon Capital Management had advance notice of a research report accusing the Indian conglomerate of fraud last year.
- Bhuma Shrivastava and Bei Hu
Hedge funds turn on Cettire, betting shares will keep falling
The online fashion retailer is now the second most shorted stock on the ASX as hedge funds ramped up bets against the stock over the past week.
- Alex Gluyas
Why Forager exited Meta after the stock surged 194pc
Portfolio manager Harvey Migotti oversaw a 21 per cent 2023-24 return. He reveals how the big returns from Meta were redeployed into quality compounders of the future.
- Joanne Tran
Phil King’s Regal Partners set for major payday after banner year
Soaring funds under management and strong performance pushed fees at the investment house, which has snapped up several rivals this year, to record levels.
- Joshua Peach
Abu Dhabi’s original hedge fund island is running out of office space
A real estate frenzy puts the United Arab Emirates capital at odds with other major cities around the world, where office vacancy rates remain elevated.
- Zainab Fattah
More pain tipped for lithium stocks as rout takes hold
Brokers are warning that the nose dive in lithium prices is far from over, spelling more trouble for the ASX’s worst-performing mining companies.
- Alex Gluyas
Why this economic downturn will hit harder than the GFC
Two decades after spinning out of global firm KPMG, insolvency and advisory firm McGrathNicol has seen the rise and fall of corporate titans and economies.
- Max Mason
June
High-speed traders, short sellers face Asia crackdown
Regulators are tightening the screws on hedge funds as stocks slump in an apparent attempt to stabilise markets. Not everyone is convinced.
- Winnie Hsu, John Cheng and Youkyung Lee
Short sellers target Guzman y Gomez days after $3b blockbuster listing
Prime brokers told hedge fund clients they were expecting around $50 million in shares to be made available to borrow, with strong levels of interest.
- Jonathan Shapiro and Joshua Peach
Brokers turn on Cettire after profit downgrade
The company’s shares fell again on Tuesday as analysts doubted whether a soft luxury market was the only cause of its dramatic downgrade.
- Jonathan Shapiro and Carrie LaFrenz
