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BlackRock and other asset managers have new allies in their fight with activist hedge funds over control of the $250 billion closed-end fund industry https://t.co/GzWb1JlTOa Weinstein is right. Without the ability to vote out CEF management teams, discounts to NAV will get wider
The fraud hedge fund/market making firms shorting every uptick in $RKLB will be ran over like roadkill.
For those following The Fraud known as $RILY the Baby Bonds are WORTHLESS and a better short given their Borrow Dynamics than the Garbage Stock of theirs. There is NO WAY OUT for The Fraudster known as Bryant Riley.. GFLTA
Oaktree Capital is reportedly considering entering into a joint venture with a company linked to Brian Kahn, who is under multiple government investigations for securities fraud, accounting fraud, and insider trading. Concerns have been raised about the financial stability of the venture, as it involves a significant amount of investor and client money from B. Riley Financial, Inc. ($RILY), including a $1bn hole. Andy Moore and Bryant Riley are associated with the transaction, which involves Freedom VCM. There are allegations that the transaction with Kahn is fraudulent, with $FRG expected to restructure within a year, adding two independent directors.
