10 thoughts on “McGinnis Cuts Stake in Half”

  1. As if this could get any better, McGinnis seems to have nearly bottom-ticked today’s market. The stock bottomed at 1,253.00 and 500 of the shares were sold at 1,253.5! Good riddance

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  2. Nah nah nah nah. Nah nah nah nah. Hey hey hey. Gooood byyyeeeee!

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  3. April 25, 2019 08:00 AM Eastern Daylight Time

    SAN ANTONIO—(BUSINESS WIRE)1—Mission Advisors, a long-term oriented investment firm and the second largest shareholder of Texas Pacific Land Trust (NYSE: TPL) (“TPL”), today issued an open letter to TPL shareholders in connection with the company’s upcoming 2019 Special Meeting of Shareholders, scheduled for May 22, 2019.

    WE WERE ALL FOCUSED ON THE STATEMENT ABOUT BEING SECOND LARGEST SHAREHOLDER. TURNS OUT THE PART ABOUT LONG-TERM ORIENTED INVESTMENT FIRM WAS ALSO, SHALL WE SAY, A STRETCH?

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  5. Press release coming soon stating that he has now moved from second largest shareholder to the third largest.

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  7. DEJA VU ALL OVER AGAIN

    Russian Financial Crisis Drives Three Funds Into Bankruptcy
    By Mitchell Pacelle Staff Reporter of The Wall Street Journal
    Aug. 28, 1998

    The Russian debt crisis has claimed its first hedge-fund casualty, San Antonio-based bond trader Dana McGinnis, who has sought bankruptcy-court protection for his three funds that invested about $200 million for wealthy clients.

    The filing under Chapter 11 of the U.S. Bankruptcy Code, which came late Monday, followed a margin call, or request to put up more capital, by Citicorp , the largest lender to the three hedge funds: McGinnis Management Partners’ Focus Fund, Global Fund and Russia Value Fund.

    “I’m very upset that I’ve been forced to put my funds into bankruptcy,” said Mr. McGinnis, who had racked up respectable gains for investors in the emerging markets since forming his fund business in 1989. “Russia didn’t have to do this, and my lender didn’t have to do what it did.” Mr. McGinnis declined to identify the lender, but court documents and people familiar with the fund indicate that it is Citicorp. An executive at Citicorp confirmed that the bank is a creditor but declined comment on the specifics of the loan.

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