Hedge Crunch FinancialInvestors Take A Bite Out of FANG
Acronym lovers will most likely be searching for another letter to replace the “F” in “FANG” since Facebook’s 19% plunge in value last week. FANG is an abbreviation created by Jim Cramer of “The Street” several years ago as a quick way to refer to Wall Street’s best and brightest: Facebook, Amazon, Netflix and Google. […]
Apple Snubbed by Hedge Funds
According to an assessment of hedge fund holdings compiled by Goldman Sachs, Apple Inc, is the only “big five” tech company that is not also a “top five” stock holding among hedge fund investors. The five most-owned companies by hedge funds are Time-Warner, Amazon, Facebook, Alphabet and Microsoft. The publication lists the 50 stocks that […]
Tiger Global’s Coleman Betting on Groupon
Charles “Chase” Coleman, manager of one of the world’s best-performing hedge funds during the past two years, has decided now is the time to bet on Groupon, basically the worst-performing major stock in the US this past year. Coleman’s Tiger Global, with an AUM of about $8 billion, is going for Groupon in a big […]
Hedge Funds Gobbling Up Facebook After Dreadful Q2 Earnings Report
Facebook, the exceedingly popular social media platform, is being bought up by a few top hedge fund stock pickers after shares of the company lost 32 percent of their value in just one week. Although Facebook has not had trouble enlarging its user base steadily over the years, translating that popularity into a solid source […]
GSV Capital Singing the Facebook Blues
Back in June of 2011 GSV Capital, the closed-end mutual fund, announced its plans to buy into the then privately held Facebook social media internet company. That same day the value of the fund soared 42 percent. Parleying the success of that move GSV then sold $247 million of its shares and took the profits […]
Quote of the Day: Facebook IPO Surpasses All Other News
Europe may be in crisis and Greece might be heading south, but all that will have to wait until all the hyperbole and excitement of tomorrow’s momentous Facebook IPO has blown over. Analysts are not sure exactly what to expect tomorrow, but so far the incredible demand has motivated Facebook to sell even more shares […]