Anyone here heard of Weavering Capital?

[Martinghoul]

Apparently, they have been quite active in sht stg in the past...

 

[minime69]

Apparently, they have been quite active in sht stg in the past...

yes i have dealt with them previously, more options based, but they do some futures.

 

[arabianights]

CNBC saying why you might have been interested now....

 

[minime69]

CNBC saying why you might have been interested now....

i dont have CNBC here, what has been said?

 

[arabianights]

something about urgently investigating losses in its fixed income fund, CNBC is on mute here so I only saw the headline...

 

[minime69]

something about urgently investigating losses in its fixed income fund, CNBC is on mute here so I only saw the headline...

thanks

 

[Martinghoul]

There's apparently been a, shall we say, 'interesting' irregularity in the composition of their Macro fund's portfolio...

 

[PualoP]

yeah, apparently they had a problem with an interest rate swap postion, the counterparty was themselves!!

 

[arabianights]

booked as a profit on both sides?

 

[Martinghoul]

booked as a profit on both sides?

You betcha...

 

[arabianights]

Heard another thing that some of the moves on SS today were to do with related short put unwinds