Lets take a look at hedge funds’ long and short positions in the European auto sector as auto sales have fallen to the lowest levels in two decades. Peugeot, Fiat and Volkswagen are popular in hedge fund portfolios (as long and short positions) see all hedge fund short positions here. Auto Sales In Europe Auto sales in Europe have plummeted to a 20-year low, falling 5.9 percent on a year-on-year basis in the latest...
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Scout Capital Management filed a 13D disclosing an 8.4 million share (5.5% of the total outstanding) position in Tim Hortons Inc (NYSE:THI) (TSE:THI). The filing discloses that Scout has engaged and expects to continue to engage in discussions with management about optimal capital structure, share repurchases, management compensation, technology investments and other matters. Scout’s investment follows prior disclosure that activist investor Highfields Capital had bought a 4% stake in Tim Hortons Inc (NYSE:THI) (TSE:THI). Highfields...
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Kyle Bass speaks at the Strategic Investment Conference 2013, which took place in early May of 2013. This appears to be a new video, although Kyle Bass has been speaking quite a bit lately. Sources tell me he is up a lot this year in his Japan macro fund, however, we could not confirm the numbers with certainty. The famous hedge fund giant presents his views on drumroll…. JAPAN (just kidding, that was obvious) and...
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We have not heard much news about Dan Loeb and Sony Corporation (NYSE:SNE) (TYO:6758) lately, but that story (or lack thereof) has just ended. Dan Loeb’s Third Point has sent another letter to the CEO of the Japanese company once again urging the company to spin off its entertainment business. Loeb notes in the letter that he has upped his holding in Sony, now holding a massive stake equaling $1.4 billion (including close to $500 million...
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In short position disclosures from the U.K., Odey Asset Management disclosed a short in Talktalk Telecom Group PLC (LON:TALK) last week. The telecom company is involved in the provision of fixed line communications. This is a unique bet as no other fund is known to short in this company. The shares are down 3.5 percent for the year. Talktalk Telecom Group PLC (LON:TALK) is the U.K.’s fourth largest broadband service provider, in terms of client...
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Woodbine Capital is one of the big gainers from long Japanese equities and short yen trades. Returns were up in four out of five months this year, compounding a total return of 9.6 percent till the end of May. The fund gained a 2 percent return in May by hedging its exposure in Japanese equities with put options on the NIKKEI 225 (INDEXNIKKEI:NI225) index. Last month, Woodbine Capital incurred the largest losses in its...
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Macro hedge funds increased their long exposure to 10yr Treasuries to a two-year high and to US dollars to the highest since July 2012 according to a new report from MacNeil Curry, CFA, CMT, Technical Strategist BAML, as noted in the firm’s hedge fund monitor. Both positions are in a crowded long. In addition, Macro hedge funds started to rotate from non-US equities to US assets another sign of a flight to safety. Further details below. Long/Short...
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Stan Druckenmiller is Chairman and Chief Executive Officer of Duquesne Family Office. He founded Duquesne Capital Management in 1981, which Stan Druckenmiller ran until he closed the firm in 2010. Previously, he was a Managing Director at Soros Fund Management, where he served as Lead Portfolio Manager of the Quantum Fund and Chief Investment Officer of Soros. He sat down with Hugo Scott-Gall of Goldman Sachs for an interview. Below is the full interview with...
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Hedge funds have used the last week to again exit their favorite crowded trades. While Reuters may think that hedge funds are still bullish on peso and are maintaining their longs, the holdings in CFTC futures says otherwise. Yet again leveraged funds are cutting their long bets in MXN—longs in peso futures and options were slashed by 26 percent to 59,441 contracts between the period of June 5 to June 11 . This is...
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This does not come as a surprise, the doom of commodity trades and hedge funds was written quite a while ago and all or at least most of the blame for their underpeformance goes to China. The much publicized end of the commodity cycle and pressured conditions in the metals and mining sector has pulled commodity traders to their knees. To add further insult to injury, CTAs appeared to take a steep fall as...
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Lansdowne Partners has loaded its bearish guns against the Bank of Ireland (NYSE:IRE)—the $12.4 billion hedge fund revealed a 0.57 percent short in the Irish lender. The Lansdowne short may not be huge but the message is significant. Recently Goldman Sachs downgraded IRE to Sell from Neutral rating. In response to the downgrade shares dropped 5 percent in intraday trading. To Lansdowne’s credit, IRE shares are now down 12 percent since the fund disclosed the short...
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