“We continue to think that a 1Q14 correction (in the 5%-10% range) is possible given weakening EPS forward guidance trends and some softening in the Cyclical Expectations Model, not... Read More

The battle over hedge ratio can be a fund manager’s nightmare. This is because there is seldom a right answer. When Canyon Capital Advisors looks with hindsight on the... Read More

Last month, analysts pegged the worst case scenario for Banco Espirito Santo SA (ELI:BES), huge losses necessitating a government bailout, at about 5%. Today, the worst case has come... Read More

General Motors Company (NYSE:GM) CEO Mary Barra has released the findings of Chicago attorney Anton Valukas’ investigation into the faulty ignition switch scandal today, concluding that more than 11... Read More

Deutsche Bank believes that over time the Euro will weaken further against the dollar -- in line with much of the rest of Wall Street. However, as Deutsche Bank... Read More

Shares in Zulily Inc (NASDAQ:ZU), a website offering outsized discounts on clothing, were offered at $22 in the company’s recent Initial Public Offering (IPO). The stock made a sizzling... Read More

GrizzlyRock Value Partners returned 5.12% net for the third quarter, bringing its year-to-date return to 34.87%. The S&P 500 returned just 0.23%, while the Russell 2000 was up 4.6%.... Read More

A Goldman Sachs employee using his own funds to purchase prostitutes for a relative of the head at the Libyan Investment Authority (LIA) was a mistake, a Goldman Sachs... Read More

Black Bear Value Fund update for the month ended August 31, 2023. Q2 2023 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear Value Fund returned +3.3%, net,... Read More

The Ferguson, MO riots have documented the increasingly militarized stance local police jurisdictions are using to keep order but also to suppress a free press and peaceful protesters. Foreign... Read More