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Mar 14, 2021
03/21
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left�*s hedge fund was now one of the many hedge funds that were shorting gamestop.d fall. if it did, they would make money. but that had also been noticed by people on wallstreetbets. gamestop happened to be one of the names that was most frequently shorted. they'd worked out that if gamestop�*s share price went up, hedge funds would lose money. and many users on the platform came up with a theory that went like this. if enough of us were to buy together, in conjunction, coule we create a short squeeze which would force some of these hedge funds who are betting against gamestop to close out their position by buying gamestop back, and therefore pushing the price of gamestop even higher? wallstreetbets is a forum on san francisco—based reddit, one of the biggest social media companies in the world. and watching on was its chief executive and founder, steve huffman. i've known about wallstreetbets for years. wallstreetbets is in fact one of my guilty pleasures on reddit. was there a point where you were like, huh, this is a bigger story than i thought? 0n wallstreetbet
left�*s hedge fund was now one of the many hedge funds that were shorting gamestop.d fall. if it did, they would make money. but that had also been noticed by people on wallstreetbets. gamestop happened to be one of the names that was most frequently shorted. they'd worked out that if gamestop�*s share price went up, hedge funds would lose money. and many users on the platform came up with a theory that went like this. if enough of us were to buy together, in conjunction, coule we create a...
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Mar 13, 2021
03/21
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BBCNEWS
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his hedge fund was now one of the many hedge - started.orting gamestop. essentially, they were betting the share price would fall. if you did, they would make money. but that had also been noticed by people on wall street bouts —— r/wallstreetbets. by people on wall street bouts -- r/wallstreetbets._ -- r/wallstreetbets. memes ha - en -- r/wallstreetbets. memes happen to — -- r/wallstreetbets. memes happen to be _ -- r/wallstreetbets. memes happen to be one _ -- r/wallstreetbets. memes happen to be one of- -- r/wallstreetbets. memes happen to be one of the - -- r/wallstreetbets. memes i happen to be one of the names —— is was one of the names that was most frequently mentioned. they realised if the share price went up, he would lose money. if price went up, he would lose mone . ., ., , ., money. if enough of us were to buy together. _ money. if enough of us were to buy together, in _ money. if enough of us were to buy together, in conjunction, i buy together, in conjunction, thai— buy together, in conjunction, that would create a short squ
his hedge fund was now one of the many hedge - started.orting gamestop. essentially, they were betting the share price would fall. if you did, they would make money. but that had also been noticed by people on wall street bouts —— r/wallstreetbets. by people on wall street bouts -- r/wallstreetbets._ -- r/wallstreetbets. memes ha - en -- r/wallstreetbets. memes happen to — -- r/wallstreetbets. memes happen to be _ -- r/wallstreetbets. memes happen to be one _ -- r/wallstreetbets. memes...
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Mar 13, 2021
03/21
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BBCNEWS
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what could happen is hedge fund take a aim that other hedge funds. could have been other hedge funds. sure. absolutely. you think other hedge funds were doing that? ii think other hedge funds were doing that? , ., , , think other hedge funds were doing that? y. , , ., think other hedge funds were doing that? y., , , ., ., ~ think other hedge funds were doing that? , ., y that? if you sign up to make money, it is letal. that? if you sign up to make money, it is legal- you _ that? if you sign up to make money, it is legal. you buy _ that? if you sign up to make money, it is legal. you buy stock. _ that? if you sign up to make money, it is legal. you buy stock. it - that? if you sign up to make money, it is legal. you buy stock. it is - that? if you sign up to make money, it is legal. you buy stock. it is an - it is legal. you buy stock. it is an open market. it is legal. you buy stock. it is an open market-— it is legal. you buy stock. it is an open market. what is without doubt is wallstreetbets _ open market. what is without doubt is wallstreetbets h
what could happen is hedge fund take a aim that other hedge funds. could have been other hedge funds. sure. absolutely. you think other hedge funds were doing that? ii think other hedge funds were doing that? , ., , , think other hedge funds were doing that? y. , , ., think other hedge funds were doing that? y., , , ., ., ~ think other hedge funds were doing that? , ., y that? if you sign up to make money, it is letal. that? if you sign up to make money, it is legal- you _ that? if you sign up...
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Mar 16, 2021
03/21
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KGO
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>> hedge funds are taking it seriously. i have talked to a number of them.t because of what this group means for the market. you heard it from gabe plotkin, the head of marvin capital, one of the funds that lost the most money. in the hearing before congress, he said he is rethinking business and they will perform differently. the bigger question here is what the s.e.c., if anything does. they're reviewing this right now. and they have to balance giving people like arya the opportunity to make these style of investments with protecting people like arya from a world where if he were to lose everything, it would be incredibly costly. and that's going to be the balancing act for regulators going forward. >> well, so much food for thought. thank you, arya. congratulations and good luck in the future. rj, thanks for joining us. >> thank you so much for having me. >> thanks, juju. >>> up next, sharing 15 minutes of serenity at the vaccination clinic with yo-yo ma. ♪ did you know prilosec otc can stop frequent heartburn before it begins? heartburn happens when stom
>> hedge funds are taking it seriously. i have talked to a number of them.t because of what this group means for the market. you heard it from gabe plotkin, the head of marvin capital, one of the funds that lost the most money. in the hearing before congress, he said he is rethinking business and they will perform differently. the bigger question here is what the s.e.c., if anything does. they're reviewing this right now. and they have to balance giving people like arya the opportunity to...
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Mar 17, 2021
03/21
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other hedge funds., uh, no, it must have been much biggerforces at play. obviously there was a short squeeze, obviously it could well have been hedge funds trying to screw over other hedge funds. sure, absolutely. really? you think other hedge funds were doing that, potentially? i mean, if you saw an opportunity to make money, it's legal, it's fair. go buy stock, it's an open market. what's without doubt is that wallstreetbets helped to start things rolling. but much larger financial players were also heavily involved. people using robinhood and people who are not large institutions, are not registered financial professionals, are a bigger part of the market than they've ever been. they're about a quarter, 25%. but they're still a small player, relative to the biggest institutions. and so when you see a price movement from gamestop at $18 all the way up to $325, it's very unlikely that the only people that are buying and driving that price up are the retail traders, just by virtue of their size in the m
other hedge funds., uh, no, it must have been much biggerforces at play. obviously there was a short squeeze, obviously it could well have been hedge funds trying to screw over other hedge funds. sure, absolutely. really? you think other hedge funds were doing that, potentially? i mean, if you saw an opportunity to make money, it's legal, it's fair. go buy stock, it's an open market. what's without doubt is that wallstreetbets helped to start things rolling. but much larger financial players...
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Mar 14, 2021
03/21
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the important thing about hedgeing is you should hedge when you can, not when you absolutely have tohe other thing is when you are talking about hedging, this is more about positioning than simply timing. if you knew when the market would rise or fall, you would buy on highs and lows and living on the beach it isn't as simple as that, if you have a portfolio and want to hedge yourself, you need to consider the costs if all you did is run out and buy puts, the cost would add up considerably i was looking at the may 3,000, 270, 340 put spread color. what you are doing sheer buying a put spread and helping to finance a purchase of that put spread by selling upside call. i chose some fairly specific levels here. buying the 300 put, you can consider if you bought that only to protect your portfolio, that will cost you well of 3% of the portfolio just between now and may. you can see how that kind of insurance cost wouldened up over time putting agiptainst it, net, net you would spending about $2 point 50 to put this trade on the hedge your portfolio first of all, that's less than 2% of th
the important thing about hedgeing is you should hedge when you can, not when you absolutely have tohe other thing is when you are talking about hedging, this is more about positioning than simply timing. if you knew when the market would rise or fall, you would buy on highs and lows and living on the beach it isn't as simple as that, if you have a portfolio and want to hedge yourself, you need to consider the costs if all you did is run out and buy puts, the cost would add up considerably i...
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Mar 29, 2021
03/21
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hedge funds default. it is not just credit suisse shares of nomura with the worst decline in a decade after the japanese bank with a $2 billion loss at the u.s. unit. the group said the negative impact was due to a transaction with a u.s. client reports suggested the loss is related to the hedge fund. the company, however, has not confirmed this. >>> in the credit suisse statement, they noted a number of other banks were affected in lock step, we are seeing selling pressure across the european banking space ubs is down. bnp has taken a hit. this is taking a hit jomana >> the issue is the systemic risk last week, the hedge fund was hit by margin calls after the big media names and chinese stocks forced liquidation. cnbc reached out for a comment i'm happy to say johan is here to speak with us so far, we heard of a couple of large casualties in european banking space with credit situsuisse down 10% are rewe likely to hear more issues it wiped out $30 billion of market value it seems as the two banks sustain
hedge funds default. it is not just credit suisse shares of nomura with the worst decline in a decade after the japanese bank with a $2 billion loss at the u.s. unit. the group said the negative impact was due to a transaction with a u.s. client reports suggested the loss is related to the hedge fund. the company, however, has not confirmed this. >>> in the credit suisse statement, they noted a number of other banks were affected in lock step, we are seeing selling pressure across the...
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Mar 13, 2021
03/21
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the important thing about hedging that is you should hedge when you can, not when you absolutely haveher thing is that when you're talking about hedging, this is more about positioning than simply timing if you knew when the market was going to rise or fall, it wouldn't be necessary to hedge, you would simply sell on highs and buy on lows and everything would be easy and you'd be living on the beach. of course, it isn't as simple as that if you have a portfolio and you want to construct a hedge to protect yourself, you need to consider the cost as well. if all you did was run out and buy puts all the time, the cost of that would add up considerably i was looking at the may 300, 270, 340 put spread collar basically what you're doing is buying a put spread and helping to finance a purchase of that put spread by selling an upside call i chose some fairly specific levels buying the may, $11.10 if you bought that put only to protect your portfolio, that's going to cost well over 3% of the portfolio just between now and may. you can see how that kind of insurance cost would add up over time
the important thing about hedging that is you should hedge when you can, not when you absolutely haveher thing is that when you're talking about hedging, this is more about positioning than simply timing if you knew when the market was going to rise or fall, it wouldn't be necessary to hedge, you would simply sell on highs and buy on lows and everything would be easy and you'd be living on the beach. of course, it isn't as simple as that if you have a portfolio and you want to construct a hedge...
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Mar 29, 2021
03/21
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let's talk about hedge fund blow ups.ere >> karen >> yeah, viacom, crazy ride up and down and right back where we were and now paramount plus. i'm long buy it right here. >> dan >> hey, check out mikel's memoir and for tim's chinese internet, check out the fsi bouncing off of $40. >> guy >> check out the stealth move in lockheed martin. >> we'll do. thank yo >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you money. my job is to entertain, teach you. call me or tweet me @jimcramer everybody freaked out
let's talk about hedge fund blow ups.ere >> karen >> yeah, viacom, crazy ride up and down and right back where we were and now paramount plus. i'm long buy it right here. >> dan >> hey, check out mikel's memoir and for tim's chinese internet, check out the fsi bouncing off of $40. >> guy >> check out the stealth move in lockheed martin. >> we'll do. thank yo >>> my mission is simple, to make you money i'm here to level the playing field for all...
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Mar 29, 2021
03/21
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jonathan: a family office is fairly identical to a hedge fund. it just can't really take outside capital. so the disclosure requirements, regulators are going to be looking at. the idea that you seem to have these funds that have all of these interconnections with the rest of the market. jonathan: tracy alloway, good to see you. tracy and i have talked over years about things happening in markets. that is one of the sharpest minds in journalists among these issues. what stands out there is how much we still don't know about what is happened here. it is going to take time to find out. tom: the sunday headline of morgan stanley, with a black trade available on a sunday of viacom. i've never seen that. jonathan: this is the story over the moment you get this is what we are going to do this morning. tomorrow, friday, we will be talking about vaccinations. that's where i want to focus right now with matt brill of invesco. matt, this friday, payrolls could be north of 500,000, may be approaching one million. what does that mean to you? matt: to me, it
jonathan: a family office is fairly identical to a hedge fund. it just can't really take outside capital. so the disclosure requirements, regulators are going to be looking at. the idea that you seem to have these funds that have all of these interconnections with the rest of the market. jonathan: tracy alloway, good to see you. tracy and i have talked over years about things happening in markets. that is one of the sharpest minds in journalists among these issues. what stands out there is how...
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Mar 29, 2021
03/21
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hedge fund default. that is the latest from credit suisse. a significant u.s. hedge fund default it on margin calls, and that potentially has an impact on credit suisse's numbers for the first quarter. also lines coming through from nomura. significant losses, down 13%. we have a host of these names coming through on the back of the block trade. we cannot go on like this, those of the words of chancellor angela merkel as she seeks to use federal powers to take control of germany's covid fight. we have the story. this is bloomberg. ♪ annmarie: this is "daybreak: europe." angela merkel is threatening to use federal law to reassert control over germany's fight against covid-19. in a tv interview, the chancellor expressed exasperation with the leaders of germany's 16 states. her words -- we meet every four weeks and we keep going the same way as before. she called it a watershed moment and she is not done thinking about whether she will take over control. our guest is still with us. when you look at what is going on in places like germany and france, we are seeing
hedge fund default. that is the latest from credit suisse. a significant u.s. hedge fund default it on margin calls, and that potentially has an impact on credit suisse's numbers for the first quarter. also lines coming through from nomura. significant losses, down 13%. we have a host of these names coming through on the back of the block trade. we cannot go on like this, those of the words of chancellor angela merkel as she seeks to use federal powers to take control of germany's covid fight....
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Mar 29, 2021
03/21
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he was not a hedge fund and did not have reporting obligations. all the stock was owned or held by the prime brokers. they engaged in total return swaps with bill hwang. he would either owe them money or he would pay profits or a share of the investment profits. that is how he never had to report anything to the ftc or any other regulators and was allowed to amass all this leverage and a portfolio in the tens of billions of dollars under the radar, leaving hardly a footprint. carol: there's so any questions here and we have a lot to get to, but erik schatzker, thank you for laying it out for us. erik schatzker winning is there. we are going to continue our coverage. go anywhere. lots more to come, including a continuation of our special coverage of this incredible ♪ ♪ block trade blowout. ♪ >> it does reinforce that there is risk out there, you have to understand the leverage they are utilizing. carol: that was keith banks on bloomberg television earlier. the block trade blowup -- i'm here with romaine bostick, joe weisenthal and tim stenovec. we
he was not a hedge fund and did not have reporting obligations. all the stock was owned or held by the prime brokers. they engaged in total return swaps with bill hwang. he would either owe them money or he would pay profits or a share of the investment profits. that is how he never had to report anything to the ftc or any other regulators and was allowed to amass all this leverage and a portfolio in the tens of billions of dollars under the radar, leaving hardly a footprint. carol: there's so...
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Mar 29, 2021
03/21
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he shifted his hedge fund into a family office. for a long time, he was persona non grata at goldman. they would not trade with him and they continue to go back -- continued to go back but he was too much of a risk. how did that change? >> clearly something changed. the fact remains goldman on boarded him as a client after their rivals have been doing business with him. the question is how did someone who was so publicly shamed by the trading, the hedge admitting to wire fraud, have a rebound? what does it say about our markets? fears of insider trading appear to be minimal. matt: i have a bloomberg client writing in and asking about the leverage rules. this is something that gary will want to look at as well. how does leverage regulation allow this? how to the regulations differ from those that credit suisse uses or nomura uses? >> that will undoubtedly be the big story emerging from this saga, this whole idea of unknown leverage that has crept into the system. traders familiar with the orders from hwang's firm describe him runnin
he shifted his hedge fund into a family office. for a long time, he was persona non grata at goldman. they would not trade with him and they continue to go back -- continued to go back but he was too much of a risk. how did that change? >> clearly something changed. the fact remains goldman on boarded him as a client after their rivals have been doing business with him. the question is how did someone who was so publicly shamed by the trading, the hedge admitting to wire fraud, have a...
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Mar 29, 2021
03/21
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hedge fund defaults.d not name names, but people are spike lending it has to do with bill hwang. we will talk about the broader implications. their conversation next. this is bloomberg. ♪ anna: welcome back to the european market open. six and a half minutes to go until the start of equity trading here in europe. european equity market futures pointing a little to the upside. u.s. futures look a little more gloomy. let's get into the stock specifics and sectors in focus. dani burger joins us for that. credit suisse we know about. what are the ones we don't know about yet? dani: i think that will be the big question lingering for investors. we know credit suisse has fallen about 7% pre-market of its exposure to bill hwang and archegos. it does seem that bank after bank has exposure on their prime brokerage services. nomura warning about potential losses. the banks are not naming who this is tied to, but we know it is happening as our sources tell us archegos are unwinding these connections. because the oth
hedge fund defaults.d not name names, but people are spike lending it has to do with bill hwang. we will talk about the broader implications. their conversation next. this is bloomberg. ♪ anna: welcome back to the european market open. six and a half minutes to go until the start of equity trading here in europe. european equity market futures pointing a little to the upside. u.s. futures look a little more gloomy. let's get into the stock specifics and sectors in focus. dani burger joins us...
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Mar 30, 2021
03/21
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it did damage to hedge funds and counterparty risk.is how some of the bloomberg guests reacted. >> incidents like this can shatter confidence. >> it will take some time for the bodies to float to the surface, for these things to percolate. >> i think this is very specific, related to one set of positions. >> we don't feel we are at an inflection point at this stage. >> we are not seeing the kind of crazy activity we saw on friday. >> these events, and we've had them before. >> think this will be over in a couple of days. >> i will stay at of this. >> some pretty good buys to be made on friday. >> we see these banks de-risking and we should take a peek -- page out of the book. >> you have to keep an ion more of this to come. >> it is way too early to give a full all clear. annmarie: now all plans are being discussed. that is what archegos broke it silence on the block trade saga. jp morgan estimates the industry could lose as much as $5 billion from the unwinding of positions. dani burger joins us now with more. what's the state now in
it did damage to hedge funds and counterparty risk.is how some of the bloomberg guests reacted. >> incidents like this can shatter confidence. >> it will take some time for the bodies to float to the surface, for these things to percolate. >> i think this is very specific, related to one set of positions. >> we don't feel we are at an inflection point at this stage. >> we are not seeing the kind of crazy activity we saw on friday. >> these events, and we've...
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Mar 29, 2021
03/21
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talking about a big hedge fund blowing up, archegos. talk about this more carefully and particularly. what was on the short side as well. maybe that has something to do with that ramp into the close friday where the s&p 500 and elsewhere went vertical. let's look at the banks. credit suisse, nomura, what is it about them that took them so long to unwind this? are they too slow. they could see some big losses off of this. down around 13.7% on credit suisse. nomura down by 16%. there are questions we need to ask. we will do that with rbc's gerard cassidy. twos, tens, and 30's. on 30's we come in by a couple basis points. just coming into monday, nothing major yet. i wanted to sit on this because i want to keep going back to the main story which will dominate the week away from the story this morning which is the amount of vaccinations in america north of 3 million friday. daily average over the last seven days north of 2 million approaching three now. and also the data, this friday goals are set to be massive in the estimates coming from
talking about a big hedge fund blowing up, archegos. talk about this more carefully and particularly. what was on the short side as well. maybe that has something to do with that ramp into the close friday where the s&p 500 and elsewhere went vertical. let's look at the banks. credit suisse, nomura, what is it about them that took them so long to unwind this? are they too slow. they could see some big losses off of this. down around 13.7% on credit suisse. nomura down by 16%. there are...
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Mar 16, 2021
03/21
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lisa: how do you hedge in this environment? richard: it is getting harder and harder to hedge. pretty much everything is correlated today. there is still stuff you could own. it depends on what you are trying to hedge as well. if you're worried about inflation, you could own inflation cyclicals. we own a little bit of gold which provides you a little bit of the hedge. if you're worried about a big slowdown in growth, even with yields where they are you probably will get some hedging effects from long-term and things like that. it depends on what you are trying to hedge. lisa: that goes to the heart of the question. which is worse, inflation that under should significantly or overshoot significantly? the idea that perhaps faster growth is likely and there is a more inflationary environment. richard: it is pretty clear that the inflationary environment is worse for people invested in the market. you have to think about all we really worried about this period where inflation will be riproaring but at the same time that will benefit a lot of these areas of the economy that are cycl
lisa: how do you hedge in this environment? richard: it is getting harder and harder to hedge. pretty much everything is correlated today. there is still stuff you could own. it depends on what you are trying to hedge as well. if you're worried about inflation, you could own inflation cyclicals. we own a little bit of gold which provides you a little bit of the hedge. if you're worried about a big slowdown in growth, even with yields where they are you probably will get some hedging effects...
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a big billionaire hedge fund guy and here's there's an interesting phrase he uses in this paragraph here within the article brace for rampant inflation hedge fund billionaire stunned that market craziness sees trouble ahead so he says trouble ahead is signaled by a rare combination of low quality securities staggering valuation metrics over leveraged capital structures a scarcity of honest profits. a desperate dearth of understanding evinced by the most active traders and economic macro prospects that are not as thrilling as the mobs braying by by by seem to think he wrote so that that phrase a scarcity of honest profits. and economy with fake prices re on the money and this is the situation you see ok maybe the party goes on for a few more months extra few quarters extra but the disaster it seemed on the other side will be so much more magnificent to disappear entire structures like when communism fell it fell and it's gone it's never coming back none of the structures all of the institutions the parties the officials the way people's lives are run gone overnight and that sort of t
a big billionaire hedge fund guy and here's there's an interesting phrase he uses in this paragraph here within the article brace for rampant inflation hedge fund billionaire stunned that market craziness sees trouble ahead so he says trouble ahead is signaled by a rare combination of low quality securities staggering valuation metrics over leveraged capital structures a scarcity of honest profits. a desperate dearth of understanding evinced by the most active traders and economic macro...
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Mar 29, 2021
03/21
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FBC
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with one companion that hedges the risks you choose and those that choose you.hysical seam of a digital world, traded with a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. i hope the vaccine can get me one step closer to my fiancé. dance on stage. spin class! i can't wait for my patients to see my smile again. to hug my students. to give my parents a proper send off. to go salsa dancing. no. i can't wait for you to meet my mom. play my piano for my friends. to give high fives to our patients. i think we are one step closer to being...better people. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. [announcer] durán catches leonard with a big left. ♪♪ y
with one companion that hedges the risks you choose and those that choose you.hysical seam of a digital world, traded with a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar...
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Mar 29, 2021
03/21
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CNBC
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obviously this one hedge fund is wiped out pretty much. you're seeing the fallout at credit suisse and nomura in some ways to me, carl, this is life affirming because, you know, for the last year, i have been wondering what the heck has been going on at viacom cbs. the stock has gone from 14 to 100 in the last year without any noticeable reason why. last week i was talking to rich greenfield who i know was on your show, on cnbc this morning talking about this, and we were just scratching our heads, how could this be happening. what is the reason for the rise in cbs viacom, you know, could it be this paramount plus streaming and, it turns out it was just this crazy buying by this hedge fund without any disclosure, and i think, you know, one thing jim cramer, a point he was making at the top of the hour is there should be nor disclosure, and it's a good thing the s.e.c. is monitoring this the fact of the matter is this hedge fund did not disclose its positions. they were very large and this fallout is huge and is affecting all the shareholde
obviously this one hedge fund is wiped out pretty much. you're seeing the fallout at credit suisse and nomura in some ways to me, carl, this is life affirming because, you know, for the last year, i have been wondering what the heck has been going on at viacom cbs. the stock has gone from 14 to 100 in the last year without any noticeable reason why. last week i was talking to rich greenfield who i know was on your show, on cnbc this morning talking about this, and we were just scratching our...
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Mar 30, 2021
03/21
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it doesn't always work hedge funds blow up, that happens. this being a family office, one can assume that the same kind of risk controls may not have been in place, which would allow someone to take the amount of leverage, the amount of risk that he did. so worth distinguishing those two as well. >> that's a good point as well lesley, thank you. leslie picker. jim lebenthal, viacom, you're in it >> yes melissa before any of us heard the name bill huang, i was an investor in the company in late 2019 unfortunately rode it down last year but stayed with it. sold it earlier this year, about five weeks or so ago at $60 a share. had a nice little profit on it and was willing to walk away from it. i saw it shoot up. couldn't really figure out what was going on so last friday, you know, we're sort of getting to the end of the day, it is down at about $45 a share. that's 25% lower than where i sold it just last month. i've decided to build a position again. now, look, again, having nothing to do with bill huang, this company is actually doing well an
it doesn't always work hedge funds blow up, that happens. this being a family office, one can assume that the same kind of risk controls may not have been in place, which would allow someone to take the amount of leverage, the amount of risk that he did. so worth distinguishing those two as well. >> that's a good point as well lesley, thank you. leslie picker. jim lebenthal, viacom, you're in it >> yes melissa before any of us heard the name bill huang, i was an investor in the...
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Mar 30, 2021
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josh: it is not just the level, it is the hedge level.f i am a en-based investor, i ultimate -- if i am a yen-based investor, i ultimately want yen. a foreign investor who wants to hedge into their currency. there is a ton of cash in the system that can flow around. a ton of dollars in circulation mostly due to the fed expansion of its balance sheet and liquidity facilities. yields are often high compared to that cause. i think broadly speaking, we are there. it has been much more attractive in the past. we are kind of looking at 2015 levels for a foreign private investor to hedge it back to yen , euros. it plays a role but those flows are not in our view big enough to drive rate levels. it is more about the pricing of the foreign exchange futures. the thing that will stop the selloff is probably not going to be a foreign buyer. romaine: with regards to the liquidity conditions, there seems to be some concern that could tighten in a meaningful way. it is not appear to be anything on the horizon. do you anticipate, with some of this recove
josh: it is not just the level, it is the hedge level.f i am a en-based investor, i ultimate -- if i am a yen-based investor, i ultimately want yen. a foreign investor who wants to hedge into their currency. there is a ton of cash in the system that can flow around. a ton of dollars in circulation mostly due to the fed expansion of its balance sheet and liquidity facilities. yields are often high compared to that cause. i think broadly speaking, we are there. it has been much more attractive in...
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Mar 30, 2021
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i think hedge funds have been doing that if you look at hedge fund leverage, it's a case where jpmorgan put out going, hedge fund leverages it, highest level since 2007 or not ltcm levels of 1998-'99, in a different place than at the beginning of the crisis funds are taking risks retail investors have been taking risks we've been talking about that for the last three or four months the vix to me, near the bottom of the cycle lows, you have yields that look like they could be breaking out. i think there are risks. i'm going to also fall on the side that i kind of like where the market sits here i like the wall of worry i like the sectors that are going to continue to be the rotation industrial, call them the value sectors, whether they are or not i think the risk is to the upside of a big payroll number on friday. >> we mentioned options activity exploding. the precise number is equity options volume is up 85% last year compared to the year before so this is a huge, huge increase that we have seen. so what do you gauge is that the right kind of trader, is it people going out on the risk
i think hedge funds have been doing that if you look at hedge fund leverage, it's a case where jpmorgan put out going, hedge fund leverages it, highest level since 2007 or not ltcm levels of 1998-'99, in a different place than at the beginning of the crisis funds are taking risks retail investors have been taking risks we've been talking about that for the last three or four months the vix to me, near the bottom of the cycle lows, you have yields that look like they could be breaking out. i...
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Mar 29, 2021
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this is not the hedge funds of this world, phase one, they were on different sides and the hedg fundsee you this morning. but especially when well can talk through important issues to the market like this thank you for your time. >> thanks for having me. >>> coming up, the very latest on efforts to fully free that great big container ship, 1300 feet, blocking the suez canal. workers make something progress, in fact in just the last few hours. we've got a live report from egypt, right after the break stay tuned you're watching "squawk box" on cnbc so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> workers trying to free the massive container ship stuck in the suez canal have gotten it partially refloa
this is not the hedge funds of this world, phase one, they were on different sides and the hedg fundsee you this morning. but especially when well can talk through important issues to the market like this thank you for your time. >> thanks for having me. >>> coming up, the very latest on efforts to fully free that great big container ship, 1300 feet, blocking the suez canal. workers make something progress, in fact in just the last few hours. we've got a live report from egypt,...
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Mar 2, 2021
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hedge fund world.e will talk to luke elliott, the ceo of man group. that conversation at 8:30 a.m. london time. we are also getting numbers from taylor wimpey. this is the residential construction real estate space. full-year revenue at $2.79 billion, pretty much in line with what was expected. the full-year adjusted pretax number, also above the estimate. they expect to deliver 85% to 90% of 2019 volume in 2021. that gives you some guidance with the pre-pandemic world, comparisons with the world pre-pandemic as long ago as that might feel. we will talk to taylor wimpey as well. we will be joined by the ceo at 7:30 a.m. london time. now we are our away from cash equities trading. let's get to where we are on the markets right now and the futures picture. european futures dewpoint to the downside. we saw some strong gains in the u.s. and decent gains in europe as well in yesterday's session. we show you u.s. futures, they looked to be a little bit under pressure. is it just consolidation after the gains
hedge fund world.e will talk to luke elliott, the ceo of man group. that conversation at 8:30 a.m. london time. we are also getting numbers from taylor wimpey. this is the residential construction real estate space. full-year revenue at $2.79 billion, pretty much in line with what was expected. the full-year adjusted pretax number, also above the estimate. they expect to deliver 85% to 90% of 2019 volume in 2021. that gives you some guidance with the pre-pandemic world, comparisons with the...
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Mar 29, 2021
03/21
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some of them bigger than hedge funds, but they don't have nearly the same oversight.legislation, family offices won a special carve-out from congress that allows them to avoid any s.e.c. registration as long as they serve a single family and don't give investment advice family offices made the case to congress at the time that they only make conservative investments to preserve family wealth and they don't try to beat the markets now, archegos did not make a single filing with the s.e.c. throughout its entire history, despite placing those billions of dollars in bets now, some family offices are required to disclose their share filings through 13-f to the s.e.c. but that is only if they own more than $100 million in stocks attorneys tell me that rule is not always either understood or followed, which, wilf, would be a generous explanation for awhy archegos made these huge bets without anyone knowing about it. >> i would also say while i totally agree with the gift of what you're saying and it seems like their behavior was as aggressive as it could come and was only me
some of them bigger than hedge funds, but they don't have nearly the same oversight.legislation, family offices won a special carve-out from congress that allows them to avoid any s.e.c. registration as long as they serve a single family and don't give investment advice family offices made the case to congress at the time that they only make conservative investments to preserve family wealth and they don't try to beat the markets now, archegos did not make a single filing with the s.e.c....
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Mar 29, 2021
03/21
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i don't know if this is hedge fund has any exposure to what's going on here.m not saying they do, by the way, i don't want to start a bank run. but i'm hedging myself because this whole thing with archegos and bill -- how do you say the guy's last name in. liz: wang. >> this whole thing is racking up tremendous losses. we're talking millions of dollars. and so i just want to be cautious here. he might be in that trade, for all i know, you know, you look at the stocks that were -- that blew up with archegos, it was viacom, discovery, and he was so highly leveraged, that when archegos had to sell out of those positions, you know, the declines were heightened. so for all of i know, melvin is in some of those names. i don't know that, okay, i'm just saying. that's why i'm saying be careful with this. you'll know when the final numbers get tallied, but mr. plotkin did make a good come back. let's get to archegos, because this is fascinating. what my wall street trading sources say when the dust settles on this thing, you could see losses of anywhere between $10-12
i don't know if this is hedge fund has any exposure to what's going on here.m not saying they do, by the way, i don't want to start a bank run. but i'm hedging myself because this whole thing with archegos and bill -- how do you say the guy's last name in. liz: wang. >> this whole thing is racking up tremendous losses. we're talking millions of dollars. and so i just want to be cautious here. he might be in that trade, for all i know, you know, you look at the stocks that were -- that...
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Mar 31, 2021
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for hedge funds who want to continue this kind of leverage, probably a bad thing, that's okay. >> tim, you're shaking your head, no doesn't make a difference? >> no, i agree with karen, i'm shaking my head thinking poor banks, like they didn't know what they're doing, come on, they have very sophisticated risk management team >> some banks make money off this. >> yeah. again, by the way, trading swaps is one of the most profitable things you can do, they make more money trading swaps than on cash so to the extent they took some risk, they're big boys, i don't think we need to protect the banks from the hedge funds, i think they fought out that business i think hedge funds, as we said two nights ago, probably have leverage similar to where we were back at the lehman crisis not catastrophic levels but bank balance sheets are fine. >>> more on 34micron. >> stock was about 110% in the past 12 mounts and now higher in the after hours. micron beating on the top and bottom, q3 guidance stronger than expected. matt bryce said inventory and account receivable came down, shipping everything the
for hedge funds who want to continue this kind of leverage, probably a bad thing, that's okay. >> tim, you're shaking your head, no doesn't make a difference? >> no, i agree with karen, i'm shaking my head thinking poor banks, like they didn't know what they're doing, come on, they have very sophisticated risk management team >> some banks make money off this. >> yeah. again, by the way, trading swaps is one of the most profitable things you can do, they make more money...
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Mar 19, 2021
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charles: hedge funds might be too greedy.fore but a major player in the hedge fund industry is now saying that plus would do well street biggest money managers think of this growing community of retail investors. retail revolution. i'm going to ask jack is another question is when we come back metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or wor
charles: hedge funds might be too greedy.fore but a major player in the hedge fund industry is now saying that plus would do well street biggest money managers think of this growing community of retail investors. retail revolution. i'm going to ask jack is another question is when we come back metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio +...
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Mar 30, 2021
03/21
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-based long short hedge funds.king at one statistic that as of march 23, these long short hedge funds are underperforming because a lot of them are using more crowded trades, the leverage is still 201%, only 9% lower than january's high, which is the highest in a decade. doesn't this raise a question about what happens if we do get a material disruption that does spur an unwind on a more holistic basis? barry: sure. that is always a risk. there is always the possibility that a large group of highly leveraged funds -- similar to the quake back in 2008 -- if everyone has a similar book and they're all exposed to similar things. i'm not sure this environment is conducive to that. what was on 2007-2 thousand eight is there were so many things moving in a specific action it was not surprised the quants were all similarly exposed. this smells like a one-off. i am not sure if this is the first cockroach and there are a lot more. it seems to be specific, spreading out the leverage amongst a lot of different prime brokers i
-based long short hedge funds.king at one statistic that as of march 23, these long short hedge funds are underperforming because a lot of them are using more crowded trades, the leverage is still 201%, only 9% lower than january's high, which is the highest in a decade. doesn't this raise a question about what happens if we do get a material disruption that does spur an unwind on a more holistic basis? barry: sure. that is always a risk. there is always the possibility that a large group of...
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Mar 29, 2021
03/21
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it has to do with his hedge fund archegos and their big edge one -- there big hedge fund unwind.have the big banks down sharply on the uncertainty, the unknown factor of how far is the exposure of some of those bad bets on the balance sheet of these banks?
it has to do with his hedge fund archegos and their big edge one -- there big hedge fund unwind.have the big banks down sharply on the uncertainty, the unknown factor of how far is the exposure of some of those bad bets on the balance sheet of these banks?
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Mar 23, 2021
03/21
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hedge funds -- it's known as long, short hedge funds. it's very common.unds a little odd that people bet against a stock, but it does -- it is very common, trust me on this, and it's much needed because there's so many counts in the market among stocks. so what's really interesting is that s3 has now come out with a report. we don't have enough time to go through 500 stocks, because they identify 500 stocks, although the report doesn't quite get into 500, but there's dozens in there. what i found fascinating, cheryl, is some of the names that are on the squeeze list. amc -- and that makes sense a little bit because they were one of those meme stocks, as you remember, that a kept going up higher and higher despite some short interest that, you know, questions on the business model like who's going to movie theaters these days even as we opened. it's still like, you know, very much 50% capacity and not 100% capacity. but also in the report they identify viacom, which i find interesting, and discover. viacom has had an amazing run lately, people forget that.
hedge funds -- it's known as long, short hedge funds. it's very common.unds a little odd that people bet against a stock, but it does -- it is very common, trust me on this, and it's much needed because there's so many counts in the market among stocks. so what's really interesting is that s3 has now come out with a report. we don't have enough time to go through 500 stocks, because they identify 500 stocks, although the report doesn't quite get into 500, but there's dozens in there. what i...
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Mar 29, 2021
03/21
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how relatively little known hedge fund calling a once in a decade margin call rocked the markets could bleed through you today. >>> and in d.c president biden spending up to $3 trillion on infrastructure and health care. higher taxes for companies and the wealthy likely on the way. >>> on wall street stocks off another record-breaking session. dow trying for the 17th record close of the year. >>> what do soda, discount retail, and computer networking have in common the answer is coming up in the rbi. on this monday, march 28th this is "worldwide exchange. ♪ ♪ ♪ i'm free ♪ >>> good morning good afternoon good evening welcome from wherever in the world you are watching i'm brian sullivan thank you very much for joining us it is a very busy day. let's get right to it. the futures. after friday's wild ride and that developing situation in the suez we will get to that in a moment. friday was one of the more unusual days in a long time because of what we know how you was the four selling of archego crushing the chinese and internet trading stocks. more on that in a moment futures are down do
how relatively little known hedge fund calling a once in a decade margin call rocked the markets could bleed through you today. >>> and in d.c president biden spending up to $3 trillion on infrastructure and health care. higher taxes for companies and the wealthy likely on the way. >>> on wall street stocks off another record-breaking session. dow trying for the 17th record close of the year. >>> what do soda, discount retail, and computer networking have in common...
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Mar 22, 2021
03/21
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cheryl: the hedge funds that were shorting, i wish i was inside a hedge fund right now to find out whobecause that seems to be the other side of the play. >> they're describing it as a white paper. i guess that's a fancy name for a research report. [laughter] the white paper they're about to put out, we're going to get some names of companies that are ripe for that based on short interest, based on float, based on, you know, several factors. i mean, they have a whole matrix that they put in. it's not just short interest and float, there's a whole -- there's other, there are other factors that go into it that made gamestop unusual and, apparently, these 500 stocks in the whole universe of stock particularly ripe for short sell. cheryl: come back when you get it. i'll be waiting. charlie gasparino, thank you. good to see you. charlie likes baseball. well, he likes football more than baseball, but opening day is just over a week away. it's already shaping up to be a grand slam for the bravest of businesses in the sunshine state. we are going to take you live to the spring training boom to
cheryl: the hedge funds that were shorting, i wish i was inside a hedge fund right now to find out whobecause that seems to be the other side of the play. >> they're describing it as a white paper. i guess that's a fancy name for a research report. [laughter] the white paper they're about to put out, we're going to get some names of companies that are ripe for that based on short interest, based on float, based on, you know, several factors. i mean, they have a whole matrix that they put...
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Mar 19, 2021
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with one companion that hedges the risks you choose and those that choose you. physical seam of a digital world, traded with a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... >>> welcome back to the exchange covid lockdown accelerated e-commerce adoption in a major way. all of these orders have created a figurative and yet literal mess the sheer buying has slowed delivery times and think of the card cardboard. start up called olive is tempting to offer a solution nate, you do have a solution explain what you're trying to do here both with cardboard and with shipping times. >> absolutely. thank you for being me on the show probably about a year ago at the beginning of be pandemic i had this epiphany that it's pretty crazy we're this far into e-commerce and the status quo delivery is a cardboard box filled with air bubbles. what we're krcreating is a solution for the consumer an environment to eliminate the hassle, the waste and reduce the number of last mile stops of t
with one companion that hedges the risks you choose and those that choose you. physical seam of a digital world, traded with a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... >>> welcome back to the exchange covid lockdown accelerated e-commerce adoption in a major way. all of these orders have created a figurative and yet literal mess the sheer buying has slowed delivery times and think of...
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Mar 4, 2021
03/21
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you had powell speak today, there are concerns around bitcoin losing its inflation hedge.hat was part of the story. it doesn't take away from how much rise we have seen this year . let's put it in perspective, a lot of companies have bought into crypto and there are still things on the horizon. those are big ipo's, big companies that are gaining from bitcoin and cryptocurrency. we have coinbase, robin hood, all in tactical public soon. going ho -- we have sources talking about crack in listing -- about kraken listing sometime soon, despite implied volatility. emily: where going to dig in with galaxy investment partners ceo mike novogratz. mike, thanks for joining me. wise bitcoin falling if concern about inflation is rising? is it not to hedge against inflation some hoped it would be? mike: let's put things in perspective. bitcoin is up almost 60% on the year with the snp flat. there is some correlation to asset prices. if chairman powell is easy with money, asset prices go up. if chairman powell is hedging, that was the body language today, we are not going to be easier,
you had powell speak today, there are concerns around bitcoin losing its inflation hedge.hat was part of the story. it doesn't take away from how much rise we have seen this year . let's put it in perspective, a lot of companies have bought into crypto and there are still things on the horizon. those are big ipo's, big companies that are gaining from bitcoin and cryptocurrency. we have coinbase, robin hood, all in tactical public soon. going ho -- we have sources talking about crack in listing...
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Mar 11, 2021
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how much influence do hedge funds have? how much ammo do they have in the tank?ositions on cstc on the nasdaq 100. they are at a net short position. so that gives them the ability to cover those shorts and head in. if a lot of that has been covered, and look that wasn't as extreme as last set. if they covered a lot of them that that, that means they have less eight to jump back in and cover those shorts. so with that gone, the ability for tech no rally especially if we get any legs in that value rotation, it certainly is lessened at this point. >> danny, thanks very much. danny berg we are the latest on technology stocks and what really is driving the latest move. let's get to another important conversation. and dani will be back with the vaccine euro. european authorities have failed and someone will have to take responsibility. the leader of the league party also said italy would welcome the russia vaccine without prejudice if approved by health agencies. [speaking foreign language] >> if all the paid and promised go to arrive in time we wouldn't have any probl
how much influence do hedge funds have? how much ammo do they have in the tank?ositions on cstc on the nasdaq 100. they are at a net short position. so that gives them the ability to cover those shorts and head in. if a lot of that has been covered, and look that wasn't as extreme as last set. if they covered a lot of them that that, that means they have less eight to jump back in and cover those shorts. so with that gone, the ability for tech no rally especially if we get any legs in that...
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Mar 16, 2021
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on a currency hedged basis.here are a lot of moving parts, but the steepness of the yield curve makes hedging, shorter-term hedges to cover currency exposure, it makes investing on a hedge basis on longer dated maturities more attractive. that draws in a lot of foreign companies, pension funds. see demand at these auctions where you can buy size. that is an institutional demand. it is something the fed welcomes because having longer-term nominal yields just go too high is not good for financial conditions. markets have been able to tolerate it well. it is a sign of resurgent global demand at the longer end of the u.s. curve. david: not sure if you saw a ray dalio's linkedin post, i will give you a taste. the economics of investing in bonds and financial assets has become stupid. he said, rather than get paid less than inflation, why not buy stuff? he is talking about non-dollar-denominated assets. what do you think about the grim picture he paints? anne: what he is doing is seeing a theme, which is that there is
on a currency hedged basis.here are a lot of moving parts, but the steepness of the yield curve makes hedging, shorter-term hedges to cover currency exposure, it makes investing on a hedge basis on longer dated maturities more attractive. that draws in a lot of foreign companies, pension funds. see demand at these auctions where you can buy size. that is an institutional demand. it is something the fed welcomes because having longer-term nominal yields just go too high is not good for financial...
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Mar 13, 2021
03/21
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sophisticated hedge funds prophets alongside people trading at home. we always know they have better access and information than anyone will. no one thinks that is fair. some have tried to blame small town -- small time investors, they school people for trying to make money in the worst jobs market and lifetime. -- market in a lifetime. let's be clear, we have seen wall street treat the market as a game for a decade, again they always win at the expense of everyone else, wall street is never friendly to the little guy. some people had success, but fundamentally the system is set up to funnel more wealth to the already wealthy. just like in las vegas, the house always wins. the economy and markets should work for everyone, not just the will connected, -- the well-connected. it should reflect the economy and all workers should have the opportunity to grow. -- to join. then we see more americans invest in the future. we will examine not only the volatile activity of some stocks earlier this year but the practices that encouraged the activity. we will see
sophisticated hedge funds prophets alongside people trading at home. we always know they have better access and information than anyone will. no one thinks that is fair. some have tried to blame small town -- small time investors, they school people for trying to make money in the worst jobs market and lifetime. -- market in a lifetime. let's be clear, we have seen wall street treat the market as a game for a decade, again they always win at the expense of everyone else, wall street is never...
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Mar 29, 2021
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that might also help us understand what other hedge funds might have this type of exposure. steve: well, i don't know the specifics that the used, but what you could be doing here is just look at the total return swap. you've got a couple of different situations. it is a private contract between a customer and his prime broker, and the terms are, to use the fancy term of the industry, they are bespoke. what you also have there is because the shares are ultimately held by the prime brokers, they are a street name. they are not really disclosed in the way you would expect standard disclosure to be for a lot of institutions. so when these trades were occurring friday, i'm sure i was not alone frantically hitting up the page on bloomberg going, who owns this stuff? all it really came up with was goldman sachs, morgan stanley, credit suisse, nomura. we now know that they really were the holders of this, but that becomes the big problem. guy: so how do we deal with this? we are in a situation where we had huge amount of qe. we've got super low interest rates. the money is availabl
that might also help us understand what other hedge funds might have this type of exposure. steve: well, i don't know the specifics that the used, but what you could be doing here is just look at the total return swap. you've got a couple of different situations. it is a private contract between a customer and his prime broker, and the terms are, to use the fancy term of the industry, they are bespoke. what you also have there is because the shares are ultimately held by the prime brokers, they...
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Mar 23, 2021
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it's no longer just the traditional hedge funds, a lot of treasuries, public and private, a lot of bankshinking. when these customers come in, they expect much more nuance in terms of the client, how should i go about it, how should i get exposure the right way. that what means, it translates to a lot more with a service in form of -- we are using our money primarily for scaling up our teams and the second part on the customers so that customers have a good experience. emily: so what do you make of coin base listings getting pushed back. coin base going public is being considered at this sort of moment where crypto could go mainstream and it certainly is symbolic, but there is still scrutiny happening. isn't that another challenge? >> i think it's actually a good thing for crypto, emily. first off, coin-based listing, it's a defined moment for industrial, why? if you look at the source of funding that are shaping industry, it's like selling tokens for future cash flows. for rental capitalists, for the first time, they saw a company that is incubated, go all the way to public market listi
it's no longer just the traditional hedge funds, a lot of treasuries, public and private, a lot of bankshinking. when these customers come in, they expect much more nuance in terms of the client, how should i go about it, how should i get exposure the right way. that what means, it translates to a lot more with a service in form of -- we are using our money primarily for scaling up our teams and the second part on the customers so that customers have a good experience. emily: so what do you...
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Mar 30, 2021
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and financial are a good hedge against rising bond yields.he size of the story of archegos, we continue and like the financial sector. mark: good morning, roland. i love your idea of long ftse 100 versus short s&p 500 which is one of your favorite trades. the problem is this trait is not working. it's still languishing at the lows. what will be the catalyst for this outperformance trade finally going to work? roland: when you look at the valuation of the ftse 100 versus the s&p, we are backed with 35% discount on differential. that is an all-time high discount. last time we reached this was in the middle of the great financial crisis. then, you may think, ok, maybe i am comparing apples with oranges because the ftse 100, you have so many sectors and s&p with a lot of spac's. when you look sector by sector, more are trading at a discount. when you look at the dynamics of how these systems are built and why some stay away from u.k., it is all starting with the brexit differential. we think there is a case for her to come back on the u.k. market
and financial are a good hedge against rising bond yields.he size of the story of archegos, we continue and like the financial sector. mark: good morning, roland. i love your idea of long ftse 100 versus short s&p 500 which is one of your favorite trades. the problem is this trait is not working. it's still languishing at the lows. what will be the catalyst for this outperformance trade finally going to work? roland: when you look at the valuation of the ftse 100 versus the s&p, we are...
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Mar 30, 2021
03/21
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dow industrials up 98 but it was the financials really leading a decline after that hedge fund was forced to unwind billions of dollars in holdings. dow industrials up 98, s&p lower by 3 and a half at 4:00 o'clock on wall street. european markets are higher. take a look. gains across the board. fractional moves. cac up 35 and dax up by 90. in asia overnight, following the jitters in the u.s., asia overnight was green across the board. kospi index best performer up better than 1%. mornings with maria is live right now. ♪ ♪ ♪ maria: top stories that we are watching this morning, nearly $3 trillion coming in new taxes that's how president biden plans to pay for massive infrastructure plan which could include raising the corporate tax rate as well as the capital gains tax, increasing the income taxes as well. full details unveiled tomorrow in pittsburgh. we will preview this morning. meanwhile senate democrats want to help pay for the bill by taxing certain capital gains passed down after death but allow for a 1 million-dollar exemption. we will get into it. the white house is now saying that
dow industrials up 98 but it was the financials really leading a decline after that hedge fund was forced to unwind billions of dollars in holdings. dow industrials up 98, s&p lower by 3 and a half at 4:00 o'clock on wall street. european markets are higher. take a look. gains across the board. fractional moves. cac up 35 and dax up by 90. in asia overnight, following the jitters in the u.s., asia overnight was green across the board. kospi index best performer up better than 1%. mornings...