- Short Squeez
- Archive
- Page 67
🍋 Consultants Down Bad
Consulting firms are facing tough times ahead as the pandemic and economic uncertainty have put a damper on the once-booming industry. McKinsey and KPMG are just two of the firms feeling the pinch with job cuts and a decrease in demand for their services. The days of big spending and record fees may be coming to an end as clients tighten their belts and face the threat of inflation.
🍋 Mormon Hedge Fund
The Church of Jesus Christ of Latter-day Saints (better known as the Mormon Church) just got a $5 million slap on the wrist from the SEC for playing a game of financial hide-and-seek with their investments. Turns out, their investment arm, Ensign Peak Advisors, kept their $32 billion equity portfolio on the down-low for 22 years.
