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’[SFTW] Winner takes all…
It’s been a gruesome week in the mobile phone market. The almost embarrassing dominance of Apple (ideas for spending $90bn of spare cash, anyone?) provided a cruel contrast to the desperate plight of the opposition.
A GLD contango strategy
According to the FT’s hedge fund correspondent, Sam Jones, the hugely successful Paulson & Co (he of subprime bet fame) currently denominates a third of its $33bn of assets under management in a share class bolstered by huge positions in the gold market.
Einhorn, unsmoked
We might have expected David Einhorn’s Greenlight Capital to have suffered terribly during the recent equity rally.
But no! Mr Einhorn might scold the Obama administration for pursuing “short-term popularity over our solvency”
The curse of the AAA
This time last year, David Einhorn – the hedge fund manager behind Greenlight Capital – took to the stage at the Ira W Sohn Investment Research Conference in New York and in a rather forceful speech – even by activist standards – announced that he was shorting Lehman Brothers and that the firm was indeed,
Hedge funds turn to gold
Hedge fund investors who made money last year by betting against investment banks are now buying gold as a way of betting against central banks. The gold bulls include David Einhorn, founder of hedge fund Greenlight Capital,