Hints and tips:
...The former Lehman Brothers and Morgan Stanley trader Jay Janer estimates his Appia fund caught around two-thirds of the fall in luna’s price, making big profits from shorting it....
...Its backers are a mash-up of institutional investors and major banks — many of which are also its own clients — including JPMorgan Chase, Lloyds Banking Group and Morgan Stanley....
...Ex-Goldman Sachs banker’s 1MDB trial to be paused on new evidence disclosure (FT) Boots in store for $10-bn sale as bid deadline looms (Reuters) Ken Griffin’s Citadel is pulling back most of Its $2bn Melvin...
...Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, says: “The mutual fund structure has embedded costs and tax inefficiencies....
...The hedge fund Melvin Capital, for instance, posted a 53 per cent drop for January that prompted an emergency investment from Point72 Asset Management and Citadel....
...Investors in Melvin suffered significant losses. It is now our job to earn it back.”...
...He spent the past seven years as vice-chairman of global capital markets at Morgan Stanley, and before that, held senior roles at JPMorgan Chase and UBS....
...Morgan Stanley said in a note to clients that Monday and Tuesday were among the top five heaviest days for so-called de-grossing over the past decade....
...Earlier this week, Citadel provided rescue financing to Melvin Capital, a hedge fund targeted by retail traders on Reddit....
...That same year, she worked on the set design for Stanley Kubrick’s film The Shining, making hand-woven carpets for the interior of the Overlook Hotel....
...But after Melvin Capital Management required a bailout for being on the wrong side of the GameStop trade, fellow hedge funds are facing higher borrowing costs and more constraining volatility metrics....
...“These are not idiosyncratic events,” said Andrew Slimmon, portfolio manager at Morgan Stanley Investment Management....
...Squeezing hedge funds such as Melvin Capital which committed the cardinal error of being stuck in a very crowded trade, has a long history among profession traders....
...The settlement is the latest for the FHFA, which has struck similar deals with Morgan Stanley, JPMorgan Chase and Deutsche Bank. Shares in Bank of America were marginally higher in after-hours trading....
...We need this sort of thing,” says Mr Melvin....
...“In terms of risk concerns in emerging markets, Africa is at the top of the list,” says Melvin Glapion, head of business intelligence at Kroll, the risk consultancy....
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