‘A recipe for permanent loss of capital’: A $3.4 billion hedge fund is lashing out at tech stock valuations (AMZN, FB, GOOGL)
|08/22/2017||Posted by BusinessMediaguide.Com under General World News||
- Tourbillon Capital is a New York hedge fund that manages $3.4 billion.
- The fund told clients its concerns over popular stocks such as Amazon, Facebook and Google.
- Tourbillon also hinted at a potential sell-off for tech, media and telecommunications stocks.
A $3.4 billion hedge fund is poking holes in conventional thinking over tech behemoths Amazon, Google and Facebook – and hinting at a potential sell off in the sector.
Tourbillon Capital, a New York-based hedge fund, raised concerns over investment theses on the companies in its second-quarter client letter, which was reviewed by Business Insider. Broadly, the market is pricing in indefensible valuations for read more >>>