It’s the sort of Wall Street maneuver that may get its moment on "The Daily Show." In fact, it has. Back in 2013, Jon Stewart, the show’s host at the time, pilloried Blackstone Group for enticing Spanish gaming company Codere SA to delay an interest payment and trigger payouts on its credit-default swaps. Blackstone shot back, saying the “funniest guy on TV” had misunderstood how its move had actually helped keep the company afloat. Now, a similar story is emerging.
An Apollo Global Management hedge fund is said to be among those that have bought up front-end CDS and could stand to profit if the credit swaps are triggered, people with knowledge of the matter said. And investors like CQS UK LLP are among those that have held positions on the other side of the trade and could stand to lose along with Solus if the swaps are triggered, the people said.
The credit derivatives market is treating New Jersey’s largest homebuilder as if it’s about to default. But under the surface rages a battle between groups of hedge funds, with one saying that the other has offered the company, Hovnanian Enterprises Inc., financing in return for taking steps that would trigger payouts on those derivatives.
Puerto Rico's general obligation bonds have plummeted. It's not clear whether this makes it easier for creditors to negotiate, or simply gives wind to calls to wipe it out altogether: @JoeMysakhttps://t.co/Uxq5Y8dPlJ
Puerto Rico's general obligation bonds have plummeted in the past few months. It's not clear whether this makes it easier for the island to negotiate w/creditors, or gives wind to calls to wipe it out altogether. https://t.co/e4Cmr7XKy4
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".