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News hedge fund Hunterbrook goes live, trading before publishing story
- helsinkiandrew 3y agoCompany investigates and then trades on the information before publishing news story. For example after their UWM story (https://hntrbrk.com/uwm/ https://hntrbrk.com/uwm/): > Hunterbrook Capital took the following positions: The fund went short $UWMC, long $RKT, and purchased derivatives. Fairly unique business model explained in this Bloomberg article: https://www.bloomberg.com/opinion/articles/2023-11-01/trade-the-news-then-publish-it https://www.bloomberg.com/opinion/articles/2023-11-01/trade-... (archive: https://archive.ph/CERUv https://archive.ph/CERUv)
- earthWindFi 3y agoSimilar business model to short sellers who take a short position on a stock before publishing their “investigative” report on fishy financials, fraud, etc.