Hints and tips:
...Melvin’s move was first reported by the New York Post. laurence.fletcher@ft.com...
...Andrew Beer, managing member at New York-based Dynamic Beta Investments, which oversees $850mn in assets and advocates a low-fee approach to hedge fund investing, said performance fees should only be charged...
...“The magnitude of the loss is breathtaking, especially for a fund with ‘hedge’ in its name,” said Andrew Beer, managing member at investment firm Dynamic Beta....
...Melvin has lost a further 20.6 per cent in the first quarter of this year....
...The first horseplayer to popularise the modern empirics of the track was Andrew Beyer....
...Melvin Capital Management, the hedge fund that lost billions of dollars in last year’s meme-stock rally, has told clients that it is winding down its funds, according to a letter to investors seen by DD....
...As Andrew Hunter of Capital Economics summed up neatly: “All that time wasted discussing whether workers would return when, in reality, it was mostly just a statistical illusion.”...
...Traders on Reddit also targeted a small outfit known as Citron Research, run by short seller Andrew Left....
...What began as a discussion on untapped value at GameStop on the Reddit website months earlier morphed into a crowdsourced effort to squeeze out the short position held by a hedge fund, Melvin Capital....
...Hedge fund Melvin Capital and Robinhood, the low-cost share trading service used by many WSB traders, both needed capital injections....
...Melvin appeared to reach acceptance quicker than the market by exiting the bet against GameStop....
...The highest-profile hedge fund casualty has been Melvin Capital, which lost 53 per cent in January and is still down 44.7 per cent this year to May....
...But while vocal short seller Andrew Left has decided to stop publishing short reports on stocks, the GameStop saga is unlikely to force hedge fund short-sellers to go on the run en masse....
...Retail investors were using “a tried-and-true hedge fund strategy of swarming crowded trades held by weak-handed investors”, said Andrew Beer, managing member at fund firm Dynamic Beta Investments....
...In late January, vocal short seller Andrew Left said that his Citron Research would stop publishing research on short positions....
...“These are not idiosyncratic events,” said Andrew Slimmon, portfolio manager at Morgan Stanley Investment Management....
...When Bernie Melvin, a life-long San Franciscan, awoke on Wednesday the city was cast in an apocalyptic orange glow....
...Helping People Change: Coaching with compassion for life-long learning and growth, by Richard Boyatzis, Melvin Smith and Ellen Van Oosten This is not a self-help book....
...AM Rosenthal, managing editor, The New York Times, New York, August 20 1976; Clark Clifford, attorney, Washington, DC, August 10 1976; Bella Abzug, US congresswoman (New York), New York, June 19 1976; Melvin...
...He strummed the bucolic introduction to “The Roundabout”, then into a squall of fuzzy guitar with a rising bassline from Andrew Young....
...“We have seen French, American, Russian and Brazilian collectors,” said Andrew Duncanson of the Swedish gallery Modernity....
...The report followed a year-long investigation for the centre overseen by, among others, Mr Walker, my Financial Times colleague John Plender and Andrew Smithers, FT blogger and former fund manager....
...Andrew Hill is the FT’s management editor. “Pre-Raphaelites: Victorian Avant-Garde” is at Tate Britain, London, until January 13 2013 …………………………………………………………….....
...Melvin Spigelman, CEO of the TB Alliance, said the drugs that could potentially be developed using active ingredients found by Imcas under the co-operation would be made “affordable to those in need”....
...Andrew Edgecliffe-Johnson is the FT’s media editor...
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