Article: FOCUS-Results tally up billions in profit from Texas freeze for gas and power sellers

Article - Media, Publications

FOCUS-Results tally up billions in profit from Texas freeze for gas and power sellers

Devika Krishna Kumar, Scott DiSavino and Jessica Resnick-Ault, 06 May 2021

Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February’s U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports.

The deep freeze caught Texas’s utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant bills. Continue reading “Article: FOCUS-Results tally up billions in profit from Texas freeze for gas and power sellers”

Article: The Dark Money Secretly Bankrolling Activist Short- Sellers — and the Insiders Trying to Expose It

Article - Media

The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Michelle Celarier

Institutional Investor, 30 November 2020

More than a dozen short-sellers interviewed by Institutional Investor in an effort to penetrate this murky terrain say there are numerous players and various permutations of the model that may involve the sharing of ideas and research along with either a cut of the gains on the short trade or a set fee. In fact, some short-sellers believe that almost all of the activists have such backing — even those running small hedge funds themselves.

Subject: Ashok Kumar

Subject of Interest

Ashok Kumar is the Head of Equity Research at Think Equity. Kumar joined ThinkEquity in 2018. He held senior research positions at Joseph Gunnar & Co., LLC, Aegis Capital Corp., Rodman & Renshaw, LLC and Maxim Group, LLC. Mr. Kumar also held senior analyst positions at Raymond James, Piper Jaffray, and Prudential Securities. Prior to his career in research, he worked in engineering and marketing at Intel Corporation. Mr. Kumar received a Bachelor’s Degree in Engineering from the Indian Institute of Technology, a Master’s Degree in Electrical Engineering from Purdue University, and a Master’s Degree in Business Administration from the Wharton School of the University of Pennsylvania.

Biography

Think Equity

Fordham Financial Management, Inc