Tags: Bubbles, China, CNBC, Hedge funds, Jim Chanos, Short sellers
Archive for the ‘Jim Chanos’ Category
Video: Jim Chanos: The China bubble is about to pop
On January - 25 - 2010
Chanos sees China crashing, NY Commercial real estate hits expected to continue its slide; No shock, but private equity money raising plunged 68% last year
On January - 8 - 2010
- Contrarian Investor Sees Economic Crash in China
- Further Slide Seen in N.Y. Commercial Real Estate
- US Private Equity Fund-Raising Falls 68% To $95.8 Bln In 2009 Read the rest of this entry »
Tags: China, Crashes, Jim Chanos, New York, Private equity, Real Estate, Short sellers
Video: Jim Chanos on CNBC this morning (4/16/09)
On April - 16 - 2009
Tags: CNBC, Jim Chanos
Alpha Magazine’s Top 25 Hedge Fund earners is out, and Jim Simons regained the top slot
On March - 24 - 2009
Alpha Magazine's list of the top 25 hedge fund earners is out and Renaissance Technologies' Jim Simons has recaptured the top position with earnings estimated at $2.5 billion. John Paulson moved down to #2 at $2 billion. Centaurus Energy's John Arnold is #4 at $1.5 billion, George Soros is #4 at $1.1 billion and Bridgewater Associates' Ray Dalio rounds out the top five at $780 million. Here are the top 25:
Tags: Bridgewater, Bruce Kovner, Compensation, DE Shaw, George Soros, Hedge funds, Jim Chanos, Jim Simons, John Arnold
Jim Chanos op-ed calls for “honest accounting”; CNBC appearance
On March - 24 - 2009
Jim Chanos’ Kynikos Associates suffered 2008 asset redemptions of 20% even though his fund “had a good year”
On February - 27 - 2009
With the huge market dislocations in 2008, hedge funds didn't have to lose money to still have substantial redemptions: Short seller Jim Chanos' Kynikos Associates, which "had a good year" in 2008, apparently suffered an outflow of 20% of assets. Such was the lot of being one of the seemingly small number of firms that hadn't blocked investor redemptions. "We were like an ATM machine" he joked according to Reuters.
Tags: Hedge funds, Jim Chanos
“It’s a bear-market rally”: Jim Chanos is shorting steel, other infrastructure plays, is “pretty light” on financials, and is “almost out” of his auto bets
On December - 16 - 2008
Jim Chanos thinks that President-elect Barack Obama's infrastructure plans are bound to disappoint, so he's shorting those plays in anticipation.
Tags: hedge fund, Hedge funds, Jim Chanos, Kynikos, short seller, Short selling
WSJ’s “Anatomy of the Morgan Stanley Panic”
On November - 24 - 2008
You should read the fascinating WSJ article on Morgan Stanley that details what what happened days after Lehman Brothers collapsed. It explores the massive piling on on all fronts that caused the almost fatal death spiral in its stock.
It details who was trading the firm's CDS - including JP Morgan, Merrill Lynch, UBS and Deutsche Bank on the banking side, and King Street Capital, Owl Street Capital on the hedge fund side. There were those who were shorting the stock — including Dan Loeb's Third Point LLC and Millennium Partners. There were those making pitches to hedge funds, to steal prime broker business
away, including JP Morgan (which drew a rebuke from John Mack to Jamie
Dimon), Deutsche Bank, Credit Suisse and UBS. There were those who were bailing on Morgan's prime brokerage business – including Millenium Partners, Third Point, Owl Creek. And there was the breakdown in the 20 year relationship between famed short seller Jim Chanos after John Mack groused to the SEC and employees, blaming the shorts (many of them MS clients) for attacking his stock. Chanos pulled over $1 billion out of Morgan….
Tags: Credit Crunch, Credit Suisse, Dan Loeb, Izzy Englander, Jamie Dimon, Jim Chanos, John Mack, JPM Chase, Merrill Lynch, Morgan Stanley
Short seller Jim Chanos talks to a room full of directors at Stanford
On June - 24 - 2008
Barron’s has an excellent piece on Kynikos Associates leader Jim Chanos who gave a speech at the Stanford Directors’ College, an annual symposium at Stanford Law School for the directors of public companies. Speaking to directors is something he doesn’t do often, and when he does “there tends to be a battery of lawyers in the room and a stenographer.” He talked about Wall Street being "a giant positive reinforcement machine", and that short sellers are always told "you are wrong". The number of successful short sellers, “would fit at a couple of tables.” And of CNBC with its parade of CEOs — along with morning upgrades and takeover rumors: “It’s the Muzak of the investment business,” he says, though “most of it has no informational content long term.” (And we pretty much have to agree with the Muzak comment.)
Tags: Jim Chanos
Latest Wall Street ‘Hatfield & McCoy’ Hamptons confrontation features Jana Capital’s Barry Rosenstein
On May - 28 - 2008
With the summer season barely underway, page Six highlights the latest Wall
Street feud in the Hamptons. No, it’s not short seller Jim Chanos again
battling over shrubbery / the width of the path to the beach with his Goldman
Sachs heavy hitter neighbor Marc Spilker. This time its Jana Partners hedge fund head Barry Rosenstein practicing his activist craft in a battle with his neighbor Christopher
Clark, chairman of W.G. Clark Construction Co. At issue: the number of
cars parked by guests at the birthday party of Clark’s 9-year old kid that
spilled on to Drew Lane in East Hampton. It seems that Rosenstein (or
his maid by some accounts) had the cops show up over the illegal parking,
pissing off Clark. Apparently this feud has been brewing for quite some time. And with the summer so young, who knows what’s bound to happen next. We’ll stay tuned…..
Among the guests who scrambled to avoid a ticket were Allure editor Linda Wells, vineyard owner Christian Wolffer and designer Nicole Miller, who told us, "It was a mass exodus. Everyone ran out to cram their cars into the [Clarks'] driveway."
Another source said Rosenstein didn’t call the police, "his maid did," and that his wife,
Lizanne, went to the Clarks to say she was sorry, but they didn’t accept her apology.
Tags: Hamptons, Jana Partners, Jim Chanos
Spitzer’s hooker called short seller Jim Chanos “Uncle Jim” and frequented his Hamptons parties
On March - 17 - 2008
The cute hooker who took down now-former Governor Eliot "Client 9" Spitzer sure seems to get around. According to the New York Post over the weekend, Ashley Dupres also hangs out with short seller billionaire (and big Spitzer contributor) Jim Chanos who runs hedge fund Kynikos Associates. They met at a nightclub several years ago and since then she’s often been invited to his babe filled Hamptons parties. She seems to know him well enough to call him "Uncle Jim". (Uncle Jim??? nudge-nudge-wink-wink!). The 50 year old Chanos, divorced in November 1996, says he didn’t know that she was a hooker. The NY Post shows her (pictured, on the right) in Chanos’ Hamptons kitchen….
"I know her. She’s a nice
person," Chanos said by phone from the Bahamas late Friday night. "She
is one of many young ladies I have spent time with around town. I have had her
to my home [in the Hamptons], but I never dated her and I never introduced her
to Eliot Spitzer. I had no idea she was a high-priced call girl."During a clambake last summer, Chanos – who
is also on the board of Manhattan’s elite Browning School – introduced Dupre to
other partygoers as his house-sitter."She was the type of girl at my
clambakes that my housekeeper said, while everyone was out on the beach
partying, she was in the kitchen helping her with the dishes," he said.
"She’s got her heart in the right place, but maybe not her head."
Tags: Eliot Spitzer, Hamptons, Hedge funds, Hookers, Jim Chanos, Politics
Jim Chanos: Happiness is a boat load of new short opportunities
On February - 8 - 2008
Famed short seller Jim Chanos is loving the markets these days — he’s finding lots more to do and is
looking forward to the number of defaults jumping in a number of areas….
Speaking at a New York investor gathering, Chanos said his $4 billion-plus investment firm sees rich opportunities in leveraged buyout debt, cable entertainment companies threatened by the Internet and construction companies in overheated developing countries.
"I don’t know what crack pipes these guys were smoking, but some of the valuations were absolute madness," said Chanos, speaking to hundreds of investors, referring to private equity firms and their portfolio companies.
Tags: Credit Crunch, Hedge funds, Jim Chanos
The Financial Times’ "View From the Top" series has interviews with Kynikos Associates’ Jim Chanos. There are two segments — one on short selling, and one where he discusses private equity.
Tags: Jim Chanos
