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Hema Parmar
Bloomberg News (hedge fund reporter)
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
the Situational Awareness blowup: 45B to 10B on margin calls
“a lot of AI bets, highly concentrated, highly levered. That's not a good mix.”
Citadel's discounted purchase of the fund's book; checkable vs performance figures
“It should lift the returns. It should be a sweet deal for them and for their investors.”
Follow Hema Parmar
One short email when Hema puts a new call on the record, and when a verdict lands on one. Plain words, free.