Federal investigators have subpoenaed Texas-based oil driller Sable Offshore Corp. following a report from Hunterbrook Media that the company selectively disclosed information to investors, including pro golfer Phil Mickelson. Sable said in a filing early Tuesday that it had received subpoenas on Dec. 2 from the United States Attorney’s Office for the Southern District of New York and the SEC…
Hedge fund Hunterbrook Capital launched less than two years ago with $100 million and what it called a “news-driven strategy.” An affiliated team of journalists would publish exposés on corporate wrongdoing, and the fund would short the stocks of their targets ahead of time. In 2025, it learned that good news can be just as profitable as bad. Hunterbrook Capital…
Without fresh, verified facts entering the system, AI struggles to get smarter. This is why old school reporting — boots-on-the-ground, first-hand, verified — may become the scarcest input in the information economy: the rare earth minerals of the AI age, dug up by human beings. But who is going to pay for that work, amid declines in advertising, subscriptions, and…
We have talked about Hunterbrook — the hedge fund that’s also a newspaper — a lot, and one thing that I have said is that, if you are in the business of finding problems at public companies, you should really try to monetize that every way you can. The classic approach is “find bad companies and sell their stocks short,”…
The essential question is: What is the best way to make money from finding out bad stuff about a company? Shorting the stock is the most traditional approach, but it is risky and uncertain and makes people mad at you and ties up a lot of capital. In the US, finding plaintiffs for a consumer class action lawsuit is a…
A third model that Hunterbrook has emphasized is that it could trade commodities based on its reporting. The form is something like: You hire the only foreign correspondent in a faraway country that is the leading producer of unobtainium, she learns that a coup is in the offing and the new military junta will ban unobtainium exports, you go long…
Hunterbrook was back yesterday with a big investigative report on Posco, the Korean conglomerate, which Hunterbrook Media accuses of complicity with the junta in Myanmar…. *** But right at the top there is a statement that “Hunterbrook Media’s investment affiliate, Hunterbrook Capital, did not take any positions related to this article.” Why not? Why would Hunterbrook invest resources in doing…