Hedge Fund Returns in September
September was a tough month for hedge fund across the board. Even well-known fund managers lost big.
Author Archive - Renee Ann Butler
Lone Pine Capital Buys Hong-Kong Listed Esprit Holdings
Esprit Holdings Ltd (HKG:0330) jumped to a three-week high after Stephen Mandel's Lone Pine Capital increased its holding in the company.
Morningstar Defends Itself Against Frivolous Lawsuit
In the suit, there individual investors claim that they lost more than $75,000 each on Morningstar's glowing ratings of the now defunct Life's Good Stabl Mortgage Fund.
Marc Faber on the Squawk Box
Marc Faber appeared on the Squawk Box this morning. Faber is the author of the Gloom, Boom and Doom report.
Longacre Closes, Bulldog Seeks Rehearing, Bridgewater Channels Ayn Rand
Julian Robertson's return to fundraising has been a success, as his reopened Tiger Management has raised the $450 million it sought for its new seeding fund just six months after...
Top of the Morning – More Competition for Morgan Keegan
Preorders for Apple Inc.'s iPhone 4S topped one million in a single day, surpassing the company's previous records and setting the stage for another successful launch from the...
7 Dividend Stocks Worth Watching $WAG $LANC $APD $KO $SWK $MHP $BRC
High dividend stocks offer a way for investors to earn a return regularly before realizing any gains from the sale of the stock.
Bill Miller’s 10 Favorite Stock Picks
Bill Miller is the portfolio manager and CIO of Legg Mason Capital Management.
T. Boone Pickens’ 10 Favorite Stocks
T. Boone Pickens started his career as an oilman.
Hartmut Ostrowski Resigns, Radicova Threatens to Quit
Bertelsmann AG, Europe's largest media group, unexpectedly replaced its chief executive of nearly four years, announcing that its finance chief, Thomas Rabe, would succeed Hartmut...
Hedge Funds Made a Bundle on Complete Production
Complete Production Services, Inc. (CPX) closed at $20.38 on Friday, October 7, but that was before news that Superior Energy Services, Inc.
Superior Energy Buys Complete Production Services in $2.6 Billion Deal
Superior Energy Services, Inc. (SPN) will buy rival Complete Production Services, Inc. (CPX) is a deal worth $2.6 billion.
Hedge Funds Gain Big on Ulta Salon Cosmetics (ULTA)
Ulta Salon Cosmetics and Fragrance, Inc. (ULTA) opened the market today at $66.75 a share after closing at $65.58 Friday.
Top of the Morning – Food Price Remain High
The euro rose to its highest in more than a week versus the dollar on Monday, supported by a renewed German and French pledge to unveil a comprehensive plan by the end of the...
Intagible Assets Popular with Hedge Funds, Hedge Fund Employee Bonuses
John Paulson, the billionaire who is betting on an economic recovery by the end of 2012, has lost 47 percent this year in his largest hedge fund, according to three people with...
Hedge Funds Lose Big on Illumina, Inc. (ILMN)
Illumina, Inc. (ILMN) rose 9.6% from its opening price of $25.71 to peak at $28.18, and close at $27.18.
Ping Capital Falls, Lone Star Fined, Soros Conviction Stands
Spain had its credit rating cut two levels by Fitch Ratings, which cited the “intensification” of the euro crisis, slower Spanish growth and regional finances as risks to...
Jim Cramer’s Latest Stock Picks
Jim Cramer's latest stock picks are getting more cautious. Jim Cramer talked about Steve Jobs' death and Apple's future on his show, Mad Money, on Thursday.
News of Ex-Stripper Turned Hedge Fund Manager is False, Says CNBC
CNBC investigated reports of the ex-stripper turned hedge fund manager Niki Marx.
Hedge Funds Bet Against Hungary
According to the New York Times, Hungary may soon be the new darling of hedge funds as more funds look for a country to bet against.
Insider Trading: Carl Icahn’s Icahn Associates Corp Increased Its Position in $FDML
FDML is a newer position for Icahn. He bought 75,241,924 shares in the company during the second quarter.
WaMu Bankruptcy Plans Rejected. Mediation Required.
US Bankruptcy Judge Mary Walrath has ordered extensive mediation in the Chapter 11 bankruptcy hearing of Washington Mutual, known affectionately as WaMu.
Goffer Sentenced to 3 Years
Hedge fund trader Emanuel Goffer was sentenced to 3 years on Friday, October 7 for insider trading by US District Judge Richard Sullivan.
Hedge Funds Make a Bundle on IPGP
IPG Photonics Corporation (IPGP) jumped in after hours trading to open Friday, October 7 at almost $52 a share after closing at $47.74 the day before.
Hedge Fund News
Frustrated by promises of payments—but no actual checks—investors in two Oregon hedge funds have expanded the scope of their litigation. Clients of Grifphon Asset Management...
Hedge Funds Gain Big on MCP
Molycorp, Inc. (MCP) opened at $33.36 on Thursday, October 6 after closing at $32.26 the day before.
Hedge Funds Lost 3.2% in September
Wall Street added a third day to its winning streak after upbeat economic and retail sales data, coupled with continued optimism that European authorities are taking steps to ...
Hedge Funds Made Huge Gains on ESRX
Pharmacy benefit management company Express Scripts (ESRX) is trading 9% over yesterday’s close of $35.94.
Phil Falcone In Heat Over LightSquared
Philip Falcone, founder and manager of Harbinger Capital Partners, is facing heat for his investment in LightSquared.
Hedge Fund News: Millennium Adds $300 M, Universa Returns 23%, Covepoint Falls 38%, Volcker Rule
Millennium Management has just received $300m of new assets this month, making the total assets under management (AuM) acquired so far this year $4.3bn – and increasing the...
Bill Ackman to Sell Shares in Pershing Square
Bill Ackman, founder of Pershing Square Capital Management, announced yesterday evening that he is planning to sell shares in his prominent hedge fund in order to generate capital...
MG Siegler is Blogger Turned Venture Capitalist
TechCrunch blogger MG Siegler announced yesterday that he would join former boss Michael Arrington as a partner in Crunch Fund.
Hedge Funds Made A Bundle On RIMM Today
Research in Motion Limited (RIMM) swelled amongst rumors that Vodafone Group Plc (VOD) may attempt to buy the BlackBerry manufacturer.
Wall Street Bonuses, Yahoo-ABC News Deal
Yahoo and ABC News have announced an agreement to share content including stories and web videos. Under the deal, announced Monday, Yahoo and ABC News will reach 100 million ...
Francois Gouws and Yassine Bouhara Are Out – UBS Rogue Trading Scandal Takes Two More
The co-heads of global equities at UBS resigned over the infamous rogue-trading $2.3 billion loss – Francois Gouws and Yassine Bouhara.“Their resignations come as they assume...
Raj Rajaratnam to be Sentenced Next Week
Raj Rajaratnam is scheduled to be sentenced next week. Rajaratnam, the founder of Galleon Group, was convicted of insider trading by a federal court last year.
Yahoo Readies Itself for Sale
Yahoo, Inc. (YHOO) will begin releasing its financial information to potential buyers. Advisors Goldman Sachs group Inc. and Allen & Co. are preparing the information now.
GLG Ore Hill, Stone Milliner Asset Management, 10 Top Hedge Funds
“Guillaume Rambourg, the star trader whose run-in with UK market regulators led to the fall of asset management group Gartmore as an independent company, is poised to launch...
Italy Downgraded, Bernanke Says No Quant Easing
Moody’s downgraded Italy’s credit rating three notches, bringing it from an A2 to an Aa2, which is lower than Estonia and matches Moody’s rating of Malta.
Are Goldman Sachs’ Predictions Accurate?
CNBC reports that Goldman Sachs is predicting that the US has a 40% chance of entering another recession – that is two or more quarters of negative growth.
Warren Buffett Increases Tesco Stake by 13%
Warren Buffett increased Berkshire Hathaway’s stake in UK-based retailer Tesco, Plc (TSCO) to 3.64%, from 3.21%, in the wake of news that Tesco is expected to report a steep...
Hedge Funds Lost a Bundle on Morgan Stanley $MS Bets
Morgan Stanley (MS) declined 4% on Tuesday, October 4, 2011, before the opening bell after it received a downgrade from Egan-Jones.
