Hedge Fund News From HedgeCo.Net


The hedge fund managers profiting off Sandy Hook

Salon – After Adam Lanza shot dead 20 children in a Connecticut primary school with his mother’s Bushmaster XM15-E2S rifle, public discourse turned swiftly to the well-hashed gun control debate. Legislation was proposed,  teacher gun-training groups launched, Bushmasters flew off shelves in fear of an impending ban. Meanwhile, the markets were moving.

Arms manufacturers Smith & Wesson,  Cabela’s and Big 5 all boasted sterling third quarter results in the post-Sandy Hook gun boom. A number of big retail chains moved to end sales of AR-15s and similar assault weapons in the wake of the shooting and Cerberus Capital, the New York firm that owned Bushmaster, sold the company, calling the Connecticut shooting a “watershed event.” But a small number of hedge funds, accustomed to a sadly familiar pattern (gun massacre, leads to fear of gun bans, leads to mass gun sales), moved to make bank on the tragedy and this predictable trajectory.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>