Tuesday, Oct 09, 2007
GLG Partners hedgefund caught with fingers in the northern rock till
Times: Confusion leads hedge fund to reveal its shorting of Northern Rock
Hedge fund inadvertently admits shorting the rock to the Northern Rock takeover panel with a bit of spivvery when it didn't really need to admit anything.
Posted by enuii @ 10:36 PM (452 views) Add Comment
3 Comments
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1. planning4acrash said...
Of topic again, but has anybody noticed that views on some of the articles are between 500 and 1000? We were lucky to reach 200 last week.
2. shipbuilder said...
As the crash gathers momentum, we will be broadcasting to the people of Britain. Time to reveal the truth!
3. autopilotengage said...
Right then, i'm going to start short selling BTL flats; rent them off BTL landlords, with the deeds of course, sell them, then buy them back later when the price has dropped. Anyone know of any large exchange traded BTL companies, that might be easier.
Given that short selling NR stock is an obvious hedge against the CDO market, not that surprising really. Today wouldn't have been a great day for this strategy, so they've just publicly advertised a pretty bad day for the fund too.