JP Morgan Manipulated Gold to Keep Hedge Funds Happy
An ex-trader says JP Morgan spoofed gold to keep hedge funds happy. He says client orders made a lot of money for the bank. Big hedge funds like Moore Capital Management and Tudor Capital Corp. were so important to JPMorgan Chase…
Ken Griffin Spent $54 Million to Fight a Tax Increase on The Rich
Citadel’s Ken Griffin spent $54 million to fight a tax increase on the rich that would raise the rate from 5% to 8% according to ProPublica. This increase would have cost $51 million every year in extra tax. In especially good years — in 2018,…
Chicago Tribune Says Citadel Securities’ Dark Pool Targets Small Investors
The Chicago Tribune just published a piece explaining exactly what retail investors have been warning the SEC about. Citadel Securities’ dark pool dominates a big part of the financial world, accounting for as much as half of U.S. stock market…
Is a New AMC Stock All-Time High Coming Soon?
AMC stock’s last time all-time high reached $72 per share. The stock had surged more than 3,000% last year when retail investors bought and held the stock, squeezing some shorts from their positions. As a result, Citadel and others lost billions of…
Hedge Fund Tiger Global on Brink of Shutting Down?
Hedge fund Tiger Global is on the brink of collapsing. WSJ reports the hedge fund is lost 52% for the year up to May. It was down 34% this year through March but the institution keeps sinking. Melvin Capital threw in the towel after suffering several…