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>> Melvin Capital has already stated they have closed out their position, think it would probably be fraud if they hadn't. IANAL but I doubt this would be frau
by TuringNYC 6y ago
>> Melvin Capital has already stated they have closed out their position, think it would probably be fraud if they hadn't.
IANAL but I doubt this would be fraud -- they arent a public corporation making statements about themselves. They did have LPs, but i'm not sure what restrictions there are around speaking -- would anyone know?
- cmdli 6y agoIANAL also, but I would imagine that they would need to represent themselves accurately to their investors at the very least. Perhaps they could be telling their investors something different privately?
- TuringNYC 6y agoYes, hedge funds send their LPs private "Investor Letters" with a lot more detail. Not sure who the public statement was meant for, but it might have been meant to discourage the public from taking opposing positions. You wouldnt communicate to your LPs via CNBC or Twitter.