Sat, Sep 20, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e