Two prominent short sellers Kynikos Associates founder Jim Chanos and Safkhet Capital’s Fahmi Quadir have recently been holding Zoom meetings with members of Congress and staff in hopes of warding off future regulations on short selling.
The meetings with Chanos and Quadir were arranged by the Managed Funds Association, according to Quadir, who said that “people are thinking seriously about this idea of disclosure of short positions,” which many hedge funds oppose.
Such a change wouldn’t just affect the small group of dedicated short sellers, whose numbers have diminished in recent years. It would also force long/short equity hedge funds, with almost $1.1 trillion in assets under management, to make their short positions public.
Billionaire Steve Cohen s Top 10 Stock Picks
insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Reguladores de Wall Street indicam abordagem mais rigorosa após GameStop – Negócios – E-Investidor
estadao.com.br - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from estadao.com.br Daily Mail and Mail on Sunday newspapers.
GameStop rally builds after puzzling ice-cream cone tweet
By Aaron Saldanha
Reuters
(Reuters) - GameStop Corp shares surged more than 50% in early deals on Thursday as amateur investors jumped back into the stock weeks after an unprecedented short squeeze triggered a 1,600% rally in the video game retailer.
The latest moves build on Wednesday s rally in GameStop and other so-called stonks - an intentional misspelling of stocks - favored by retail traders on social media sites such as Reddit s WallStreetBets.
The new frenzy puzzled analysts, who had ruled out another short squeeze of the stock which had battered some hedge funds, and fueled more hype after some Twitter users pointed out a cryptic tweet of an ice-cream cone photo from activist investor Ryan Cohen - a major shareholder in GameStop and a board member.