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Search resuls for: "Greenlight Capital"


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☆ Rich Chinese step up hunt for foreign investment bets to mitigate risks at home
  + stars: | 2022-12-19 | by ( Xie Yu Summer Zhen | Xie Yu | Summer Zhen | ) www.reuters.com   time to read: +4 min
Underlining the bleak return prospects at home, hedge funds with Greater China strategies have lost 12.9% for the year to end-November - on track for their worst year since 2011, according to Eurekahedge data. Rich Chinese are also fretting about Xi Jinping's "common prosperity" drive to reduce income inequality, asset managers said, adding that they are looking at overseas private equity and property investment opportunities in countries like the United States and Japan. Although investing outside of mainland China is not a new development, a significant chunk of that wealth has usually been invested in Chinese assets such as Chinese securities listed in the offshore markets. The Boston-based asset manager has been receiving many queries from Greater China family offices to learn about U.S. economic policies and investment rules, he said. The U.S. consulate told Reuters that it frequently explains investment and economic trends in the United States to a wide variety of audiences.
☆ Greenlight's David Einhorn is crushing the market this year. Here are his top holdings
  + stars: | 2022-11-15 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Greenlight Capital's David Einhorn is in the middle of a stellar year as his inflation bets and other trades pay off. Green Brick Partners , a bet on rising housing prices, continued to be his biggest holding, a new regulatory filing showed. During the third quarter, Einhorn increased his stake in tech stock Kyndryl Holdings to $60 million. Meanwhile, the hedge fund manager added to his holding in LivaNova drastically, making the medical device company Greenlight's eighth biggest bet, the filing showed. Einhorn previously said he's bearish on equities as the Fed continues to deflate the market with aggressive rate hikes.
☆ Carl Icahn, David Einhorn, and Dan Loeb bet big on Elon Musk ultimately buying Twitter - and likely raked in profits when the deal closed
  + stars: | 2022-11-15 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Carl Icahn, Dan Loeb, and David Einhorn built sizeable stakes in Twitter last quarter. Icahn and his team amassed 12.5 million Twitter shares, valued at $549 million on September 30. Similarly, Einhorn's Greenlight Capital scooped up 4.3 million shares, worth $188 million at the end of last quarter. It snapped up 5.5 million shares worth $241 million on September 30. It also purchased bullish call options on 34,000 shares, and bearish put options on 1.1 million shares.
☆ Investors who stuck it out for Musk's Twitter deal set to reap rewards
  + stars: | 2022-10-28 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +4 min
[1/3] The Twitter logo is seen on the floor at the New York Stock Exchange in New York, November 7, 2013. If the deal had collapsed, the price floor for Twitter stock would have been "unknown", White said, adding that investors waged their risk on Delaware Chancery court, where corporate disputes are resolved. Investors sold 107,626 million Twitter shares in the second quarter, regulatory filings and Symmetric.io data show, with activist investors and tech oriented funds leading the sales. As the stock price dropped early in the third quarter, some investors saw a chance to buy in for cheap. that Twitter investors were not trapped.
☆ Greenlight's Einhorn optimistic Twitter deal with Musk will close
  + stars: | 2022-10-21 | by ( Nupur Anand | ) www.reuters.com   time to read: +2 min
Einhorn told his investors in August that he had bought a stake in Twitter, and now said he believes the lawsuit in Delaware that could decide the fate of the deal "is going well for TWTR." Register now for FREE unlimited access to Reuters.com RegisterEarlier this month, Musk reversed course again and said he would proceed with the deal on original terms. A Delaware judge ordered a pause to Twitter's lawsuit against Musk, giving the billionaire until Oct. 28 to close the deal. "We expect that one way or another, the deal will close at or near the originally agreed upon price," Greenlight said, referring to the $54.20 price per share the deal was originally proposed. Greenlight's manager said the investment in Twitter is "inherently short-term," adding the hedge fund plans to exit its position upon resolution of the platform sale.
☆ Hedge fund star David Einhorn expects stocks to tumble - and warns unchecked inflation risks a market meltdown
  + stars: | 2022-10-21 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
David Einhorn rang the alarm on stocks, inflation, and the Fed's interest-rate hikes. Einhorn warned stubborn inflation could spark a currency or sovereign-bond crisis. He said the Fed seems intent on lowering stock prices as it works to crush inflation, which surged to a 40-year high of 9.1% in June, and remained above 8% in September. "We remain concerned that the current inflation problem could evolve into a currency and/or sovereign debt crisis," Einhorn said. Einhorn has previously said US investors face an economic downturn, stubborn inflation, and the growing risk of a global financial meltdown.
☆ Greenlight Capital's David Einhorn urges investors to sell stocks
  + stars: | 2022-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreenlight Capital's David Einhorn urges investors to sell stocksCNBC’s ‘Halftime Report’ investment committee, Shannon Saccocia, Josh Brown and Jim Lebenthal, discuss Greenlight Capital co-founder David Einhorn's statement in which he urged investors to sell stocks.
☆ David Einhorn says he's bearish because the Fed's 'official policy is to make the stock market go down'
  + stars: | 2022-10-20 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Greenlight Capital's David Einhorn, who is crushing the market with double-digit returns this year, is selling stocks as the Federal Reserve continues to deflate the market with aggressive rate hikes. However, higher interest rates also discourage investments and in turn crunch supply, which is most evident in the housing market. "The most glaring area might be in housing, where higher rates lead to reduced supply despite widespread shortage," Einhorn said. That compares with a 23.9% decline for the S & P 500 during the same period as the benchmark tumbled into a bear market. Further, high short-term interest rates provide competition for gold," Einhorn said.
☆ Elite investor David Einhorn expects an economic slump and sticky inflation - and says the risk of a global financial meltdown is growing
  + stars: | 2022-10-12 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +2 min
David Einhorn said the US economy is slowing down and inflation is here to stay. Einhorn pointed to red flags in global bond markets and warned a disaster may be coming. Einhorn also bemoaned a widespread decline in value investing, which centers on identifying undervalued companies based on their fundamentals. The combination of heady valuations, stubborn inflation, rising interest rates, and large amounts of debt could reveal cracks in the global financial system, Einhorn said. "When you have a down cycle is when these things tend to metastasize."
☆ Credit Suisse bankers are preparing for 'Uli the Knife' to carve up the investment bank.
  + stars: | 2022-09-26 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
It's a tense time for many insiders at Credit Suisse. One person told me it's a case of "rinse and repeat," as Credit Suisse undergoes its second strategic review in less than a year. Law firm sued Credit Suisse over claims it misled investors on business dealings related to Russian oligarchs. Among the plans reported to be under consideration are a three-way split of the investment bank, according to the Financial Times. Under Chief Executive Ulrich Körner, Credit Suisse wants to transform its investment bank into a "capital-light, advisory-led banking business."
☆ Wall Street's biggest investors fear an economic nightmare is coming. They may be right.
  + stars: | 2022-09-18 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +9 min
The Federal Reserve — for reasons ranging from a fragile job market to the government's debt — can't aggressively shake higher prices out of the system. So it kept interest rates at 0% to spur financial activity and growth. Chairman Jerome Powell and his band have been raising interest rates fairly quickly, but the main Fed interest rate is still just 2.5%. It's a limbo of stubbornly high inflation and higher interest rates. If Einhorn, Bianchi, and Melosi are right, we could be in economic limbo of stubbornly high inflation and higher interest rates for a while.
☆ Here are the top defensive plays from heavy-hitter investors as recession fears grow
  + stars: | 2022-07-28 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Fears of a recession intensified even more after data showed the economy shrank for a second straight quarter, making a strong case for defensive stocks for investors worried about slowing growth. Defensive stocks tend to provide stable earnings and consistent dividends regardless of the state of the overall stock market and the economy. They are often well-established companies in sectors like consumer staples, health care and utilities, such as Procter & Gamble , Johnson & Johnson and Coca-Cola . Berkshire also owns relatively small stakes in Procter & Gamble, Johnson & Johnson at the end of March. Major pharmaceutical companies and insurance companies are also considered defensive stocks.
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