AMC CEO s excitement at the overwhelming responses to his Twitter poll met with another set of hilarious replies from Twitterati
techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
In Soaring Stock Market, Short Sellers Find a Win With SPACs
institutionalinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from institutionalinvestor.com Daily Mail and Mail on Sunday newspapers.
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 its debut with a 390p offer price before plunging as much as 30 per cent, wiping £2bn off its valuation. Shares have continued to fall and it is now trading at around 249p.
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 interview with Jefferies CEO Rich Handler on his next visit to New York City.