Cineworld Tumbles Lower as Short-Seller Warns they will be Worth Zero (ProactiveInvestors.co.uk)
Hedge fund manager Barry Norris said the cinema chain had used “too much financial debt” to do its deals in what is “a sunset industry”. Cineworld Group PLC (LSE:CINE) shares have fallen almost 99% from over £2 to less than 3p since the start of the pandemic, but are likely to be worth even less, short seller Argonaut has warned. The transatlantic cinema chain confirmed on Monday that it is mulling whether to file for Chapter 11 bankruptcy in the US and in other jurisdictions to enable it to restructure.
How Hedge Fund Three Arrows Capital Was Crypto’s Long-Term Capital Management (Forbes)
Many crypto enthusiasts blame the collapse of Three Arrows Capital (3AC) for this year’s crypto winter, and not just because the crypto hedge fund has dragged other crypto-related firms down with it. When the hedge fund collapsed, forced selling swept the crypto markets as fear took hold. However, what happened to the crypto market in the wake of 3AC’s collapse might feel familiar to those who’ve been in the financial market for a couple of decades. One crypto hedge fund manager draws similarities between the fall of Three Arrows Capital and the collapse of Long-Term Capital Management in 1998.
Ray Dalio & David Einhorn Are Betting Nearly $4 Million on This EV Stock (InvestorPlace)
Last quarter, legendary hedge fund managers Ray Dalio and David Einhorn picked up nearly $4 million worth of RIVN. The company is widely considered one of the most technologically advanced and promising pure EV makers in the world today. Rivian is meeting its revised delivery and production targets, even in a bad market, and significant tailwinds are forming for the whole Electric Vehicle Revolution. We believe Rivian projects as one of the largest producers of EV cars by 2030, and that will render it one of the most valuable auto companies in the world by then.
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Julian Robertson, the Legendary Investor at the Center of a Quarter-Trillion-Dollar Web of Hedge Fund Spinoffs, has Died. Take a Look at his Legacy. (Business Insider)
Julian Robertson, the father of hedge funds and founder of Tiger Management, has died at 90 years old. Robertson died on Tuesday at his home in Manhattan due to cardiac complications, according to a statement from his representative Fraser Seitel. Since closing Tiger Management to outside investors two decades ago, his name is still closely linked to some of the biggest names in the hedge fund industry that he helped pioneer. He was the chairman and chief executive of Tiger Management, which he co-founded in May 1980 with reportedly $8.8 million. The fund grew to more than $21 billion in assets under management.
2 Dividend Stocks The Activist Investor Behind Disney Has Also Been Buying (Benzinga)
Activist investor Dan Loeb is the Chief Executive Officer and founder of hedge fund Third Point Management, which has recently opened a stake in The Walt Disney Company (DIS) of 1,000,000 shares. Besides acquiring growth stocks, Third Point Management is also diversified in defensive positions that provide everyday necessities and offer strong dividends. Here are two dividend stocks Third Point is holding in its portfolio.
