John Hempton laments return of meme machine Roaring Kitty
Before being hit by last week’s meme-stock rally triggered by an online stock promoter, Sydney hedge fund manager John Hempton was having a great year.
Over the past week, as the stock tipper known as Roaring Kitty drove a rally in so-called meme stocks on Wall Street, Sydney hedge fund manager John Hempton was trolled, day after day, on X.
Normally, Hempton is the troll. But his $2 million short position in AMC, an American cinema chain, was getting smashed, and individual investors who see him as a part of a corrupt financial elite were celebrating.
This article originally said one third of Bronte Capital’s investments were “long”. This was incorrect.
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