Taking the Street

Taking the Street

The practice in which a hedge fund buys the entire inventory of a stock from several banks and brokerages with the intention to sell it in a short period of time. The hedge fund takes the street knowing that the banks and brokerages will need to buy the inventory soon for their clients. This increase in demand raises the stock's price. The hedge fund is then able to sell the stock to the same banks and brokerages (and others) at a profit.
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Among their topics are taking the street out of street food, Singapore's "snackscapes," the kopitiam in Singapore: an evolving story about cultural diversity and cultural politics, mapping Singapore's culinary landscape: whether anyone is cooking, and from sushi in Singapore to laksa in London: globalizing foodways and the production of economy and identity.
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