The 2 best shares to hang your hat on: fund managers
The 2 best shares to hang your hat on: fund managers
Ask A Fund Manager: Totus Capital’s Ben McGarry and Tim Warner reveal a pair of hot stocks with very strong tailwinds.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
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Ask A Fund Manager
The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, Totus Capital portfolio managers Ben McGarry and Tim Warner pick a pair of stocks that have tailwinds galore.
Ask A Fund Manager
The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, Totus Capital portfolio managers Ben McGarry and Tim Warner reveal their two biggest stock holdings and why they have so much faith in them.
Investment style
The Motley Fool: How would you describe your fund to a potential client?
Ben McGarry: The Totus Alpha fund, we’re a long-short fund started in 2012 and we basically try to find companies with a strong track record of earnings, tailwinds for growth, clean accounting, preferably with owners and management with skin in the game.
Westfield rally linked to Reddit implosion
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A blistering short squeeze in shares of Unibail Rodamco Westfield has been linked to a wrong-footed bet by $US20 billion hedge fund, D1 Capital, which found itself in the thick of the Reddit armyâs assault on Wall Street.
The tri-listed mall operator formed by the merger of Unibail-Rodamco and Westfield popped 14.5 per cent on Thursday, and is up almost a further 5 per cent since.
A URW Westfield shopping mall in west London. D1 Capital entities had a collective 7.84 per cent short interest in URWâs Paris- and Amsterdam-listed shares.Â
Bloomberg
D1 Capital, a US hedge fund and URW short-seller, was reportedly on track for a 20 per cent loss in January making it one of the highest-profile casualties of the retail trader-induced short squeeze originating on Reddit, and better known for targeting stocks such as GameStop, AMC and Bed, Bath & Beyond.