Gerson just bought half the float. Sep/oct Calls look genius now
Richard Gerson's hedge fund firm Falcon Edge Capital has just filed a 13G with the SEC regarding shares of E-Commerce China Dangdang (DANG). Per the filing, Falcon Edge has disclosed an 8.2% ownership stake with 4,392,000 shares. This is a newly disclosed position and the filing was required due to activity on July 29th.
About Falcon Edge
Gerson founded Falcon Edge after previously working with John Griffin at Blue Ridge Capital for many years. He co-founded the Blue Ridge China, PE unit. Falcon Edge launched with Navroz Udwadia (formerly of Eton Park) and James Minshull as COO (also from Eton Park).