Entries tagged "David Einhorn"
'Tis 13F filing season, and first up are Bill Ackman's Pershing Square Capital Management LP and David Einhorn's Greenlight Capital Inc.
In Sunday's New York Times, the unlikely duo of Michael Lewis, financial chronicler-turned-sportswriter, and short seller and provocateur David Einhorn (pictured) co-author a sweeping overview of what went wrong with Wall Street and how to fix it. There's a lot to recommend here (there's simply a lot here: The Times gave it two full pages), particularly if you belong to the party that doesn't believe that short sellers created the mess in the first place, which means the party of sanity. The pair are particularly good on the mechanism of bubble inflation, using the futile attempts of Harry Markopolos to...
If you didn't think the coming prosecutions on Wall Street would delve into some very weird territory, Wednesday's story in The Wall Street Journal effectively dispelled that. The Journal is reporting that a scrum of federal prosecutors chasing a pack of former Lehman Brothers Holdings Inc. execs may ask analysts whether Lehmanites did, or did not lie about the condition of that now-vaporized firm. For those of you with a still-functioning memory, this creates a little frisson of irony. Wasn't it just yesterday that analysts were the biggest liars, dissemblers, sophists this side of Enron? Wasn't it just a few...
David Einhorn, the hedge fund tyro who famously shorted Lehman Brothers Inc. stock earlier this year, is stirring up trouble in Paris. His New York hedge fund, Greenlight Capital Inc., has called on French investment bank Natixis SA to drop plans to sell €3.7 billion ($5.4 billion) of new shares, arguing it would be massively dilutive and do the struggling investment bank no good....
As if the much maligned ratings agencies have not been beaten down enough, serving as just one of many scapegoats for the credit meltdown, outspoken hedge fund manager David Einhorn, founder of Greenlight Capital, devoted part of a recent interview with Financial Times U.S. market editor Aline Van Duyn to critiquing the agencies. ...
Dane Hamilton over at Reuter.com's DealZone has an interesting post up of a speech Monday by short-seller Jim Chanos, who argues that the government should crack down on rumor-mongering financial journalists. Now I'm the last person to argue that everything that appears in the financial media is a) true or b) honest. Rumors get passed, and the traffic in bogus information and fallacious theories is intense, maybe more than ever before because of the amplifying power of the blogosphere. But Chanos runs just about the biggest short-selling fund around and is no innocent in these matters. And so the suspicion...
