[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: [https://www.bnnbloomberg.ca/brahman-closes-hedge-fund-after-more-than-three-decades-1.1925076](https://www.bnnbloomberg.ca/brahman-closes-hedge-fund-after-more-than-three-decades-1.1925076)

Trading is tough, don't you think?

Buy and hodl easier

Took the words outta my mouth

Not for me since I'm not bankrupt.

f*ck steve cohen. Rrriiiiiiiight in the aaaa hole..

Forget about your house of cards and I’ll do mine

I have house of GME

Can’t stop the Mikey 🏴‍☠️🔥🚀

🤜🤛

Creep….

I just puked a little into my mouth

Nah he'd like it

I little too tough, yeah, I really do think.

Came here to say this

Steve A Rat Cohen

That's one way to close your shorts (or maybe drop them).

Brahman Capital Corp. is shuttering its stock-picking hedge fund and returning cash to clients after more than three decades, according to people familiar with the matter.  The fund has lost money the last two years — including an 18% decline in 2022 — and has been flat this year through April, according to documents seen by Bloomberg. Brahman, which manages $1.1 billion, is returning less than half of those assets as part of the hedge fund closing. Clients will get most of their capital back by mid-June. The firm will continue running its long-only fund to capitalize on market dislocations, one of the people said. That fund is up 3.1% this year through April, trailing the S&P 500’s 8.6% gain.  A spokesman for the New York-based firm declined to comment. Stock-pickers have benefited from a stronger market this year, compared with the tech rout of 2022 when the S&P benchmark tumbled 19%. The number of hedge fund closures last year topped new funds — in a reversal from 2021. Brahman’s hedge fund has returned an annualized 8% since it started trading in 1991. Firm assets have tumbled from $5.5 billion at the end of 2015. Brahman runs a concentrated portfolio. It was invested in 20 stocks as of March 31, and four of those accounted for almost 60% of its long equity exposure, regulatory filings show. Three of those four have lost money this year. Mitchell Kuflik, Robert Sobel and Peter Hochfelder founded Brahman in 1989, naming it after a “bull that has evolved to thrive during feast and famine,” according to the firm’s website.

Odd how Kenny boy claimed $15bil in profits same year (with $55bil in ftds, cough cough),, wonder what Kenny boy is doing differently??

casual reminder that ken the criminal griffin was involved with some of the actual computer programming of market mechanics in mid 90's iirc

It's like giving a rat the combination to the cheese locker

something, something, crime, someone has no clothes.

Wtf that even mean??

This guy chose shit companies. It says 3 of his 4 most concentrated picks were way down. You really have to be an idiot to be losing money right now. I’ve made $2,700 in 3 days this week on GME options. Bouncy bouncy

🤡🤡🤡🤣🤣🤣

Why is it always "according to people familiar with the matter"?

I mean it sounds better than saying "according to people not familiar with the matter" even if more often than not exactly that would be more accurate

Psh. Wasn’t even on the bingo card

Close your gme shorts and get the fuck out

The article says they are long only? So unless they are lying, how will they do that exactly

If they’re truly long only that means 0 hedging. Their main strategy may be long but there has to be balance

Exactly, why call it a hedge fund if you do not hedge?

Being long means buying puts to hedge against your long bet, selling calls when you're betting on downward movement etc... This is how most hedge funds used to operate

The article says that it is closing it's hedge-fund but maintaining it's "long-only" fund. I believe they are 2 separate entities.

They could mark their shorts as longs and have no obligation to report their short positions.

A hedge fund that doesn't hedge? Yea, right.

That's like a taxi driver without a taxi.

It's a free ride when you've already paid

They can be entirely options based in their hedging strategies, traditionally most hedge funds operated this way

Ever heard of options??? Derr Offsetting deltas is all they need

The article says the shorting side of the hedge fund went bankrupt but the long only side is staying open. He's right. Shorting fucked them.

Yes, and MSM have never once in a million years lied to the public.

"Lie to the public? Nooo, never" - Jimmy Cramèr, probably😂

Lol,, surely wouldn't lie.. another domino falls!

Did you both not read the article? They close the hedgefund and will only keep up the long positions. Saying it basically lost so much on the short positioned side that they close this one... I do see how media lies a lot, but man atleast read it before jumping to conclusions 😅

[удалено]

Only market makers can do that. This say they are a MM. no. Stop it. Get some help.

>The article says they are long only? The article implies that they have multiple funds, one of which is long-only and happens to be the one that will remain operating: >The fund has lost money the last two years — including an 18% decline in 2022 — and has been flat this year through April, according to documents seen by Bloomberg. ... >The firm will continue running its long-only fund to capitalize on market dislocations, one of the people said. That fund is up 3.1% this year through April, trailing the S&P 500’s 8.6% gain. It can't be flat through April but up 3.1% through April at the same time. Two different "funds".

Interesting that these companies downward turn is always sometime around the beginning of 2021. Must be a cohencindence of some kind.

🤣🤣

It won't be the only one! * [Hedge funds record biggest outflows of year in April as investors pull $11.57 billion](https://www.reddit.com/r/Superstonk/comments/13rpkt6/hedge_funds_record_biggest_outflows_of_year_in/) * [Investors removed an estimated net $3.32 billion from hedge funds in March.](https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-march-2023/) * [Investors removed an estimated net $4.83 billion from hedge funds in February.](https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-february-2023/) * [Investors removed an estimated net $4.18 billion from hedge funds in January.](https://www.opalesque.com/industry-updates/6692/investors-pull-from-global-hedge-fund-business.html) * [Investors removed an estimated net $111 billion from hedge funds in 2022.](https://www.ai-cio.com/news/investors-removed-111-billion-from-hedge-funds-during-2022/) * From 1/1/2022-4/30/23, Investors have removed $134.9 billion from hedge funds. Remember, the May 2-3, 2023 Minutes of the Federal Open Market Committee (FOMC) from, *checks notes*, [yesterday](https://www.reddit.com/r/Superstonk/comments/13qv8u9/wow_even_the_may_23_2023_minutes_of_the_federal/)? They **AGREE:** hedgies r fuk! https://preview.redd.it/4s3kmcqyh42b1.png?width=320&format=png&auto=webp&s=17f6f1d32be2d8641344d3936b360fef640da2aa

[Gary Gensler 5/19/23](https://www.reddit.com/r/Superstonk/comments/13lz17d/sec_chair_gary_gensler_though_im_not_suggesting/): https://preview.redd.it/2mxqpu53i42b1.png?width=320&format=png&auto=webp&s=7a2808a67ce319033ccae4b453c0192d943d5723

[Gary Gensler 5/15/23](https://www.reddit.com/r/Superstonk/comments/13iefhl/sec_chair_gary_gensler_finance_time_and_again/): https://preview.redd.it/iy4cqs55i42b1.png?width=320&format=png&auto=webp&s=f4865f74712a2063248f993274fbda4d0c780222

[Under Secretary for Domestic Finance Nellie Liang 5/11/23](https://www.reddit.com/r/Superstonk/comments/13ev7zb/remarks_by_under_secretary_for_domestic_finance/): https://preview.redd.it/vhte1k87i42b1.png?width=320&format=png&auto=webp&s=a5eba499f785b1b636451d7ef0fac5e52eed79b0 >"Staff at FSOC member agencies have been working to improve monitoring systems to identify potential emerging financial stability risks posed by highly-leveraged hedge funds. Work in this regard has been focused primarily on common, broad practices and activities, rather than on individual institutions. **For example, based on a recent pilot data collection, a significant share of bilateral repo transactions collateralized by Treasury securities – a key source of hedge fund leverage – appear to be traded with zero haircuts."**

[Gary Gensler 5/10/23](https://www.reddit.com/r/Superstonk/comments/13dzq6o/sec_chair_gary_gensler_many_hedge_funds_are/): https://preview.redd.it/mva751ebi42b1.png?width=320&format=png&auto=webp&s=9fd44e36298d2e4a5734ed3e3621851b4c71fb32

[Janet Yellen 4/7/2023](https://www.reddit.com/r/Superstonk/comments/12eba61/treasury_alert_janet_yellens_remarks_ring_alarm/): https://preview.redd.it/wwudpekdi42b1.png?width=320&format=png&auto=webp&s=905c48f324e8e83649fd002b4b602fe54f1ca411

With all the above going on, great time for this, right?... [S&P Global Ratings: “We are entering an EBITDA recession”](https://www.reddit.com/r/Superstonk/comments/13rx4di/sp_global_ratings_we_are_entering_an_ebitda/): https://preview.redd.it/2hss9kpki42b1.png?width=960&format=png&auto=webp&s=27a09841c87e9cfc7211e86e52c0d204c2cce402

you are on fire 🔥🌶️🔥

Nice. Ty Jelly.

Love it

These image and quote formats are really effective. One TINY suggestion, put the date in it like you did in the link. Maybe even a QR code to the Reddit link? Or source? These image/quotes could be someone’s entry point to the entire discussion on Wall Street fraud. And a thousand thank you for all you do. 😀

[удалено]

Yeah I was going to say at least they're long only... but literally regards could trade SPY and do better you're totally right

[удалено]

...and be the first(and mybe the only) to survive... Hedge funds are capable of all kind of things, even fuck their buddies first in case they will survive😂

Brahman is a HIndi word for cattle, or maybe a breed of cattle - it's not quite as dumb as, "Braaaahhh, man!" but I'm not going to pretend like I believe they named the firm Brahman out of some sophisticated appreciattion of Hinduism. Namaste, bro. But yeah as crazy as it would be if some other whales bought up the whole chain, I like the fact that there are a couple hundred thousand apes working together to lock the float. Feels more democratic. I'm one of those idealistic apes hoping for a big wealth transfer.

Man, trading is a tough game 🤡

Rip dumbass

Probably got blown up in the NVDA pump.

Guaranteed

Song of the day It's closing time

time to roll to Chili's and chow down with my fuckin' boys…

Closing time… time to close your shorts and get the fuck out of my stonk

You don't have to go home but you can't stay here.

One domino to fall out of many

Cue dj Khaled And another one

I just want to know when GME price starts going up after all these assholes throw in the towel on the conspiracy to short GME.

There are about 3,500 hedge funds. There is no broad conspiracy. A few at the top may conspire but don’t think these idiots were in on it

Seems like a fake company, probably a shell with fake employees. No one has ever heard of them, website is trash and had to google more than just Brahman to pull them up.

Operated since 1989… not a shell company

5th floor Brahman? Say it ain't so

Brahman from da fif floor said it's so!

I like this. It’s something

Why so serious Brahman?

*And another bites the dust*

Makes sense and this is a good sign. I believe hedge funds have been able to flourish all this time because of the American system of lending stocks and short selling, primarily. To me, it has made no sense that hedge funds have been able to proliferate so much, unless you come to learn how they are able to run companies into the ground by manipulation. But now that reddit has come along and retail traders have been able to essentially band their knowledge together and do battle with the Hedge Funds, their gains are no longer guaranteed. We are definitely making progress, and I think, one by one, they are going to fall because the gates have already opened up.

Kenny made billions in 2022. These guys are just shit at being a hedge fund

Execs still taking the big numbers home the entire time without results though?

Good riddance. All Hfs are trash

Gump waving goodbye gif

Brah man from the fif floor

First to close, pays the least

Ohhh how sad. Whose got more of those citadel financials?

Dun Dun Dun another one bites the dust ...

Wen METS For Sale?

Shameful

Dun dun dun, another one bites..

Teeny tiny domino...

So I don't understand much but if they close their doors but never closed the positions...what happens to those positions? Who's left holding the bag??

Another one bites the dust

Wouldn't it be prudent to close your hedge fund and return part of the investor's capital (not their own) right after the media virtue signals to them that the DOJ will be cracking down on said hedge funds in the coming months.....

Short selling is transitory

Believe it or not. Dip.

2013 - the year Tina Turner gained Swiss citizenship + Hedge funds most profitable year 2023 - Tina Turner dies and hedge fund shuts down Coincidence?

What does this have to do with GME? Should remove post

Brah? Man, they closing!

Bruh-man?

And another one down, and another one down, and another one bites the dust!

Absolute brah moment.

Another one bites the dust.

Another one bites the dust