Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The era of the takedown deck, hedge funds take to public short calls

Thursday, January 16, 2014

Bailey McCann, Opalesque New York:

Social media and financial services often meet in interesting ways, see finance Twitter for a real time peanut gallery of market commentary in 140 characters. Now there's a longform version - the takedown deck. Once reserved for closed door conference room presentations, websites and live tweets of short calls are becoming commonplace. We first saw this with the now infamous Herbalife is a Ponzi scheme website/presentation. In just the past week, two more entrants have come online - Tortus Capital's website Rehabilitating Portugal, outlining its thesis that Portuguese debt is unsustainable, and a 122 page short call on LKQ Corp authored by Prescience Point Research Group, released and live tweeted today.

The growth of the takedown deck is interesting on a few levels, the first that earlier entrants - Ackman on Herbalife and Einhorn on Apple simultaneously raised the profile of their convictions and failed at their goals. Herbalife has been a rocky road for Ackman, and Einhorn didn't get the votes he wanted on Apple at that time. Rehabilitating Portugal came online the day that Portugal returned to the capital markets, r......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to