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Looking for a source, but I read of a fund reporting a several hundred million dollar short position as "long", and being fined $810,000.
by FireBeyond 6y ago
Looking for a source, but I read of a fund reporting a several hundred million dollar short position as "long", and being fined $810,000.
- creato 6y agoWas that an accident/mistake? If so, the fines may be (should be...) much different in this context, which is clearly not a mistake.
- notahacker 6y agoLawsuits from LPs and criminal prosecution in this case. Sometimes it's more likely hedge funds take their punishment than try the Worst Cover Up Ever, still lose money and face much worse consequences, especially since most of the money they've lost is other people's.
- aphextron 6y ago>Looking for a source, but I read of a fund reporting a several hundred million dollar short position as "long", and being fined $810,000. Practically a rounding error for these folks