NEW YORK (Reuters) buy canada goose jacket cheap Short seller Carson Block, the founder of research firm Muddy Waters LLC who has buy canada goose jacket exposed accounting problems at a slew of Chinese companies, said on Thursday that he is seriously considering launching a hedge fund investment firm.
are more so than ever very seriously considering Canada Goose Coats On Sale becoming a fund manager, but it would not Canada Goose sale be the same sort of Muddy Waters 8,000 canada goose clearance sale page reports, Block said in canada goose outlet toronto factory an interview. canadian goose jacket you running a fund management business, it takes a lot of resources to put those out.
Block became a rising star in the $3 trillion hedge fund industry after he publicly challenged the accounting practices of a series Canada Goose Online of Chinese companies that trade on North American stock exchanges, Canada Goose online and then successfully bet against them by using his own money to short theirstocks.
Block cheap Canada Goose said his Muddy Waters firm, which consists of fewer than 10 employees, specializes in producing short selling research that he distributes free of charge. The firm makes money by trading its principals own capital, meaning Block puts his dollars canada goose black friday sale behind his work.
have been companies that we felt would be good shorts, but they wouldn really make good Muddy Waters activist report material, so we didn short them, and we missed Canada Goose Parka some opportunities there, Block said.
Carson 2018 canada goose outlet Block, canada goose director of research and founding partner of Muddy Waters Research LLC, speaks during an interview in New York, October 16, 2014. REUTERS/Brendan McDermid
I think by having money under management, it would canada goose replica enable us to have more resources so that we could spend the right amount of time also managing that non activist book and capitalising on those opportunities, he added.
time I thought about it in the past, I thought well, there are a lot of headaches with that, and I not accountable canada goose store to anybody but myself at canada goose coats present, and that a pretty strong allure, but there are arguments in favour Canada Goose Outlet of going towards a model where we more resembling an activist hedge fund as well.
He said if he decided to canada goose clearance launch a hedge fund, he would seek to raise more than $200 million in canada goose outlet store locations outside money.
The collapse forced hedge fund king John Paulson to book $105 million in losses on the stock. Paulson firm also was Canada Goose Jackets sued by a prominent Miami investor, who claimed Paulson failed to conduct proper due diligence on Sino Forest.