News hedge fund Hunterbrook goes live, trading before publishing story

Posted by helsinkiandrew on Wednesday April 03, 2024 @06:41AM
from the hntrbrk.com dept.

( 2 comments | 2 points | on HN )

Re:News hedge fund Hunterbrook goes live, trading before pub... by helsinkiandrew on Wednesday April 03, 2024 @06:46AM (#39915723)

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)

[ Parent | on HN ]

Re:News hedge fund Hunterbrook goes live, trading before pub... by earthWindFi on Wednesday April 03, 2024 @07:02AM (#39915849)

Similar business model to short sellers who take a short position on a stock before publishing their “investigative” report on fishy financials, fraud, etc.

[ Parent | on HN ]