Hedge Fund News From HedgeCo.Net


Hedge Funds Gone Wild

CNBC – Hedge funds have more control over stock prices than market and business fundamentals, Cramer said yesterday during Wednesday’s show, but now it looks like at least two companies are fighting back.

Yesterday Cramer explained how massive hedge fund selling has been forcing down commodity-related stocks. It’s true that the fall of commodities themselves is partly to blame, but the rate of decline for the sector’s stocks has far outpaced that of oil, natural gas and other resources. So what’s going on? Investors in poorly performing hedge funds are demanding their money back, so the funds are dumping millions of shares into the open market to generate cash.

The trend has been enough to drive both investors in and CEOs of these commodity-related companies crazy. But today Joy Global cnbc_comboQuoteMove(‘popup_JOYG_ID0EZE15839609′);and CSX pulled a Howard Beale, declaring they’re mad as hell and they’re not going to take it anymore. cnbc_quoteComponent_init_getData(“CSX”,”WSODQ_COMPONENT_CSX_ID0EZBAC15839609″,”WSODQ”,”true”,”ID0EZBAC15839609″,”off”,”false”);

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , . Bookmark the permalink.

Comments are closed.