Rogers told Maria Bartiromo he’s long commodities and currencies, and short emerging markets. Here in the U.S, he admitted he’s short one major financial company, but then wouldn’t say which one. “I have a lot of friends there,” he said. [BI, CNBC]
The hedge fund has taken a £100m short position in the bank. Read more »
Netflix CEO Applauds Hedge Fund Manager’s Call, Balls To Short Company, Would Still Appreciate If He’d Refrain From Doing SoBy Bess Levin
Late last week, hedge fund manager Whitney Tilson sent out a detailed analysis of why his fund is short Netflix, which caught the eye of the company’s CEO, Reed Hastings. What’d Hastings think of the call? First off, he agrees you could make money shorting this thing.
“It is possible that one could make money shorting Netflix today,” CEO Reed Hastings, whose movie-rental company has moved to online delivery from DVDs, wrote in a posting on the Seeking Alpha website.
Having said that, and he doesn’t say this as the CEO of Netflix but as a friend and someone who loves kids, Reed would like to caution Tilson to back off before he or anyone else gets hurt. Read more »