Wednesday, June 16, 2021 7:25:39 AM
Maybe the new rule will have a positive effect for us also.
DTC NOTICE!!! Effective 6/15/2021
Goldman Sachs / Rehypothecation account
Opening up a whole separate facility for rehypothecation account specifically for AMC/GME hedge accounts going bust.
Massive shortage of collateral!
S3 Partners rates AMC & GME as the #1 and #2 short squeezes. Score 10 out of 10
Now we have fortune tellers who know how many billions of Naked Shorts exist. Ortex has the legal short float but no one has the exact count of the billions of illegal naked shorts in GME or AMC.
Citadels Kingdom. The monstrosity. How they manipulate the markets up with their ETFs all with $$$trillions hidden money in the Cayman Islands. Ben Bernanke former
FED president an advisor
Market craziness coming this week as Big Banks and Citadel (24 million) buy puts at $95 strike on the HYG etf
House of Cards by Austin Tobitt
https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf#page=1
Even after a Citadel bailout Melvin Capital loses billions more. (The fund, which in January sustained a $4.5bn fall in the value of its assets from the end of last year, received a $2.75bn investment shortly afterwards from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.)
US hedge funds Melvin and Light Street extend losses
June 10, 2021
Melvin Capital and Light Street Capital, two US hedge funds hard hit by a rally in stocks popular with retail investors in January, have suffered further losses in May.
Melvin, the highest-profile casualty of January’s meme stock rally, lost another 4 per cent last month, say people familiar with their performance.
That takes the fund’s losses this year to about 44.7 per cent, the people said. The S&P 500 index of US stocks rose 0.6 per cent last month and is up almost 12 per cent in the first five months of the year.
Hedge fund losses from betting against five popular meme stocks — GameStop, Bed Bath & Beyond, AMC, BlackBerry and Clover Health — total about $6bn since the start of May, according to the data firm Ortex Analytics. Peter Hillerberg, Ortex’s co-founder, said funds had recently reduced their short positions in meme stocks but that short interest remained “at very high levels”.
New York-based Melvin, run by Steve Cohen protégé Gabe Plotkin, found itself at the centre of the GameStop saga in January. Melvin’s performance plummeted 53 per cent amid a stratospheric rise in the share price.
The fund, which in January sustained a $4.5bn fall in the value of its assets from the end of last year, received a $2.75bn investment shortly afterwards from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.
Melvin’s assets have since risen further to $11bn as of June 1, according to a person familiar with the firm. After the extent of the firm’s losses were revealed, Melvin said it had exited its bet against GameStop and reduced risk in its investments — although it still suffered further losses last month.
Stocks such as GameStop, AMC and BlackBerry rocketed in late January, as amateur investors co-ordinating their actions on forums such as Reddit, and in some cases directly targeting hedge funds, piled in.
After falling back, these stocks have risen strongly again in recent weeks. The rallies have hurt both short sellers betting directly against the stocks, and also managers with short positions in other stocks that have been hit in the ensuing market volatility or as other short sellers unwind their bets.
Others that have lost money include Light Street Capital, set up by Glen Kacher, a so-called Tiger Cub who previously worked at Julian Robertson’s Tiger Management.
The firm, which managed about $3.3bn in assets at the start of this year, was hit during the first quarter. Its flagship fund lost a further 3 per cent in May and is now down 20.1 per cent this year, according to numbers sent to investors. The fund’s losses in the first quarter were predominantly driven by losses on shorting, said a person familiar with its positioning.
Melvin and Light Street declined to comment.
The sub-headline on this article has been amended to clarify that the $6bn figure refers to losses for the hedge fund industry as a whole
This article was originally published by Www.ft.com. Read the original article here.
US hedge funds Melvin and Light Street extend losses
June 10, 2021
https://investingnewshubb.com/2021/06/10/us-hedge-funds-melvin-and-light-street-extend-losses
Very good explanation on why Fed reverse repos skyrocketed when AMC short squeeze started around May 20th when hedge funds started to lose $billions on initial AMC short squeeze. Go to 1:16:40 of this livestream with Matt Kohrs and Tom Nash where co-relation between reverse repo crazy spike up and short squeeze is explained
Matt Kohrs and Tom Nash on livestream right now.
FEDS ARE DONE WITH HEDGIES. End game is coming. Reverse Repos by Fed skyrocketing explained once again by Trey. Massive borrowing by institutions from Fed uncovered by massive increase in reverse repos as hedgies incur massive losses.
The record Fed Repos explained by some wise people on Reddit thread as the Fed injecting $billions in liquidity to stave off the upcoming margin call slaughterhouse. The beheading of many hedge funds grab your popcorn for this upcoming Satanist script with Citadel as main protagonist.
https://www.reddit.com/r/Superstonk/comments/nxl5gl/boom_another_
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