June 23 (Reuters) – The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email firstname.lastname@example.org.
'Short-selling is an incredibly lonely proposition,' says billionaire hedge fund manager Bill Ackman
Short-sellers are having a tough time. The investors, who bet against a company’s performance and profit when its stock falls, had a heyday in the heat of the financial crisis when stocks were plummeting. But now, amid record-breaking stock prices, an M&A boom, and companies increasingly buying back stock from shareholders, short-sellers are starting to get nervous – and some big names might be turning away from short-sellers, The New York Times reports…
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