24.2.10

El lado oscuro de lo que pudo ocurrir con Afinsa

1. Existen Hedge Funds que se dedican a posicionarse bajista contra determinadas compañías. El grado de apalancamiento es muy alto y muchos de estos fondos están dispuestos a "hacer cualquier cosa" para lograr hundir estos valores. Un ejemplo de éxito fue Manuel Asensio, aunque con muchos detractores.

2. Afinsa tenía una filial, Escala, que cotizaba en el Nasdaq. Esta filial fue objeto de Hedge Funds bajistas. Sin embargo no lograban su propósito. El valor no cesaba de subir. Decidieron entonces atacar a la matriz, Afinsa, en España. Tras varios intentos consiguieron hacer una brecha en la justicia española y...

De Deep Capture:

"Another focus of my investigation at CJR was the appalling bear raid on a collectibles company called Escala (NASDAQ:ESCL). Not only was Escala the victim of massive amounts of illegal naked short selling, but a hedge fund convinced the Spanish government that Escala’s parent company, based in Madrid, was fleecing investors in philatelic collectibles. The Spanish government closed the parent company, Afinsa, but not a single executive of the company has since been prosecuted for any crime. Former clients of Afinsa are now petitioning the Spanish government, claiming that the closure was a gross miscarriage of justice. For the full story, I encourage you to visit a website (www.gregmanning.me) put together by Escala’s former CEO. This website provides evidence that the hedge fund at the center of the bear raid on Escala – the hedge fund behind the Spanish government’s decision to close Afinsa — was none other than Kingsford Capital, which donated a bundle of money to the Columbia Journalism Review while I was busy trying to figure out which hedge fund was at the center of the bear raid on Escala."

Las cosas no son lo que parecen.

24/02/2010