Silver as an investment

Category Archives: Pershing Square

Are You Prepared For These Potentially Disruptive Economic Storms?

Authored by Frank Holmes via StockBoardAsset.com, Summary Are government inflation numbers more “fake news”? A falling dollar is good for U.S. trade. Are you ready for a big fight? Here in San Antonio, grocery stores were packed with families stocking up on water and canned food in preparation for Hurricane Harvey, which has devastated Houston […]

Rats Fall From Ceiling At Dallas Chipotle In “Rare And Isolated Incident”

A day after Chipotle Mexican Grill faced an outbreak of norovirus at a Chipotle restaurant in Virginia, the company’s PR team is dealing with yet another embarrassing public-health incident. A Dallas TV station reported that, at one local Chipotle restaurant, customers’ lunch was ruined when several rodents reportedly fell from the ceiling and landed inside […]

15% Of Greenlight Capital Investors Submit Redemption Requests

While, inexplicably, Bill Ackman’s Pershing Square remains immune (according to Ackman at least) to redemptions despite posting a terrible return in the past two years, another hedge fund from the “glory days” is having less success in keeping LPs: the WSJ reports that Einhorn was “forced to pay back more than $400 million in clients […]

Pensions Slash Hedge Fund Allocations After Decade Of Subpar Returns

After a 15-year love affair with hedge funds, pensions and endowments are finally growing weary of their excessive fees, lackluster returns and manager arrogance.  Pensions led a huge rotation into hedge funds in the early 2000’s as investment managers sought higher returns to repair their massively underfunded balance sheets.  That said, after a 15-year trial […]

Outflows From Active Funds Surpass A Record $200 Billion

Following 7 years of underperformance, 2016 is the year where hedge funds and other active managers have been finally been hit with the long predicted mass withdrawals – leading to a spike in prominent hedge fund closures, most recently that of Perry Capital – which in recent months have spiked to the highest level since […]

Iconic Hedge Fund Perry Capital Loses 60% Of AUM As Investors Flee

The slow-motion trainwreck that is the hedge fund investing world, which as we documented one month ago has failed miserably – if predictably – to compensate LPs for its 2 and 20 model, and generate outsized returns during a regime of central planning, having created zero alpha since 2011…   …. took its latest casualty […]

Frontrunning: September 7

Trump and Clinton look to pass U.S. commander-in-chief test (Reuters) Undecided GOP-Leaning Voters Provide an Opening for Donald Trump (WSJ) Stage set for iPhone 7, but many await 8 (Reuters) Dollar Slides Versus Yen as Prospect of September Fed Hike Dims (BBG) World stocks hit one-year highs as Fed hike prospects fade (Reuters) Merkel strikes […]

What Hedge Funds Bought And Sold In Q2: The Full 13-F Summary

Today is the deadline for hedge funds to submit their Q2 13-F filings. Among the more notable changes was the previously reported 55% increase in Warren Buffett's Apple shares, offset by the cut in his Wal-Mart stake; Elliott's addition to stakes in security firms Qualys, Fortinet, CyberArk; ValueAct's new stakes in Morgan Stanley, Seagate; Tiger's […]

Frontrunning: August 4

Bank of England cuts rates for first time since 2009, restarts bond purchases (Reuters) Obama administration denies Iran cash payment was a ransom (Reuters) Mike Pence Endorses Paul Ryan After Donald Trump’s Refusal (WSJ) In slap at Trump, some wealthy Republicans campaign for Clinton (Reuters) Clinton leads Trump by 17 points in NH (The Hill) […]

S&P Futures Flat As Europe, Asia Lifted By Banks, Yen; All Eyes On The Bank Of England

In a mostly quiet session, European and Asian stocks rose, pushed higher by financial stocks and the USDJPY which initially dipped on some hawkish comments by BOJ deputy governor Iwata, only to rebound later in the session, lifting the Nikkei 1.1%, while the Stoxx 600 rose 0.4% led higher by the banking sector. S&P futures […]