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Hunterbrook, a financial media newsroom funded by a hedge fund, has launched with a story on $UWMC. The unique model combines journalism and trading to investigate corporations and potentially profit from shorting their stock. The media venture's mission is to explore sustainable funding for reporting, with a sister hedge fund making trades based on investigations. Hunterbrook has been described as an activist short seller, with some calling for transparency in its operations.
Activist short seller Hunterbrook Capital / Hunterbrook Media published a short report on $UWMC. We have nothing to say about the report for now. But we do have a comment on Hunterbrook: it should own the fact that it is an activist short seller. It is otherwise being deceptive.
"It's an experiment to try to figure out if there's a sustainable way to fund reporting,” says @hntrbrkmedia publisher @SammyKoppelman on the media venture's mission, which launched yesterday, alongside a sister hedge fund that makes trades based on its investigations. https://t.co/f6IddiHGVi
New by me —> A new kind of activist journalism: Hunterbrook (@hntrbrkmedia) is a combination newsroom/hedge fund (!!!) that wants to investigate corporations — and make bank shorting their stock before publication. (Their first story is really good!) https://t.co/FZl0mwK0TO
