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Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.
Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome
LONDON, Sept 11 (Reuters) - London-based investment manager Lansdowne Partners will launch a long-only retail version of its flagship Developed Markets Fund, according to an investment presentation seen by Reuters on Monday, in a further departure from its hedge fund past. The Ucits fund will mirror Lansdowne's flagship Developed Markets Fund and will launch November 1, the presentation said. Lansdowne initially declined to comment when contacted by Reuters. Reporting by Nell Mackenzie; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.
Persons: Lansdowne, Nell Mackenzie, Amanda Cooper Organizations: Lansdowne Partners, Markets, Reuters, Thomson Locations: London
Citadel accelerates hiring push in Hong Kong and London
  + stars: | 2023-03-17 | by ( Summer Zhen | ) www.reuters.com   time to read: +2 min
HONG KONG, March 17 (Reuters) - Miami-based Citadel has kicked off 2023 with multiple senior hires in London and Hong Kong to beef up its international equities team, after the firm became the world's most profitable hedge fund in 2022, profile updates on LinkedIn show. He previously worked as head of Asian Research of Florida-based hedge fund giant Lighthouse for more than seven years. After working for UBS investment bank for more than 16 years, Keith Donan also moved to Citadel in Hong Kong this month as a senior trader. Citadel's international equities team is a multi-manager business focusing on opportunities in Europe and Asia. Led by Sean Salji in London, the team has over 80 investment professionals in London, Hong Kong, Singapore and Paris.
Referencing additions in solar power capacity and liquefied natural gas terminals, Lekander went on to hammer home the importance of reducing demand. "And ... assuming that these gas savings remain — because we can see it now, we have really, really cold weather, we are still drawing less than typical seasonality." The situation with power was "a bit different," however, he said. "The reason why we have a power crisis in Europe has very little to do with Putin," he said. "I would almost say that Putin actually made the situation better," he added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLansdowne Partners: Earnings trajectories for stock markets overestimated by up to 20%Daniel Avigad, partner & portfolio manager at Lansdowne Partners, discusses the current state of European equity markets, the impact of recent U.S. CPI numbers, and the outlook for corporate earnings over the forthcoming quarter.
Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan Mcdermid | Reuterswatch now"We think those hopes will be dashed again as the Fed pushes ahead with policy overtightening. With the S&P 500 jumping 13% from its October low, stocks are even further from pricing in the recession — and earnings downgrades — we see ahead." While consensus expects earnings growth to fall from 10% at the start of 2022 to just over 4% in 2023, the world's largest investment manager expects zero growth, noting that third-quarter annual earnings growth would already be in negative territory without the huge windfalls seen in the energy sector. watch nowDownbeat viewLast Thursday's Wall Street rally was the 15th-largest single-day gain for the S&P 500 since the mid-1960s, according to Capital Economics.
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