News hedge fund Hunterbrook goes live, trading before publishing story (hntrbrk.com) 2 points by helsinkiandrew 2y ago ↗ HN
[–] helsinkiandrew 2y ago ↗ Company investigates and then trades on the information before publishing news story. For example after their UWM story (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-... (archive: https://archive.ph/CERUv)
[–] earthWindFi 2y ago ↗ Similar business model to short sellers who take a short position on a stock before publishing their “investigative” report on fishy financials, fraud, etc.
2 comments
[ 7.1 ms ] story [ 14.4 ms ] thread> 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-... (archive: https://archive.ph/CERUv)