Seven Charged with Counts of Insider Trading Today
Seven people have been charged with insider trading counts including securities fraud and conspiracy in Manhattan federal court today reports Bloomberg.
Author Archive - Renee Ann Butler
Federal Agencies Recommend Against Harbinger’s LightSquared
Harbinger Capital Partner's wireless venture LightSquared suffered another blow last week after nine federal agencies unanimously recommended an end to its plan to institute a...
European Hedge Funds Bet on China Downturn
"European hedge fund managers are betting that China's once red hot economic growth will cool dramatically in 2012, hitting companies, economies and commodity prices that have...
2012, the Year of the Hedge Fund
Despite poor returns last year, 2012 is poised to be the year of the hedge fund.
John Paulson Sticking With Property Investments
John Paulson, founder and manager of Paulson & Co., made $15 billion in 2007 betting against U.S.
Could Obama Be Losing Hedge Fund Support?
"Wall Street Democrats aren't especially happy with the words coming out of Barack Obama's mouth, but most of them are biting their tongue—and still writing him checks," writes...
Eddie Lampert’s ESL Sells $130M stake in Sears $SHLD, to Lampert
Eddie Lampert, founder and manager of ESL Investments, owns over 60% of Sears Holdings Corp (SHLD) between his personal portfolio and the ESL Investments portfolio.
Hedge Fund Performance in 2011 Not All Lemons
Hedge fund may have had a tough year, on average – Amid political uncertainty, the debt-ceiling debate in Congress and mounting fears of a European financial crisis, the Eurekahedge...
Hedge Fund Outflows Rose to 4.84%, Inflows Rose to 3.96%
"The GlobeOp (GO.L) Capital Movement Index, which tracks monthly net subscriptions to and redemptions from hedge funds managing around $170 billion (111 billion pounds) of assets...
Marc Lasry’s Avenue Capital Raises $2.1 Billion for New Fund
Marc Lasry's Avenue Capital is well on its way to securing the $2.5 billion wanted for its second European distressed debt private equity fund – Europe Special Situations Fund...
WebMD $WBMD Off the Market, Icahn Soros Have Large Stakes
WebMD (WBMD) was a top pick for several big-time hedge fund managers in the third quarter. Looking at the list of hedge funds that initiated new positions or increased holdings...
Mason Hawkins’ Southeastern Asset Ups Stake in Saks $SKS to 11.1%
The fund had initiated a new 13.61 million share position in the company during the third quarter, a holding valued at $119.11 million at the end of September, but it appears ...
Bill Ackman Threatens Canadian Pacific $CP Rail Proxy Fight
Bill Ackman is no stranger to proxy fights. The Pershing Square manager went to the mattresses against McDonalds (MCD) in 2007, Target in 2009 and JC Penney (JCP) in 2010.
Is Todd Combs Better Than Warren Buffett?
Todd Combs, the apprentice portfolio manager Warren Buffett hired at Berkshire Hathaway in 2010, seems to be following in the "Sage of Omaha's" footsteps – buying when the markets...
8 Mega Cap Companies with Dividends Over 2%
Mega cap companies are those with market caps higher than $100 billion.
John Paulson’s 2011 Hedge Fund Performance
Paulson's Advantage Plus fund finished the year down 52.5%, while its unleveraged Advantage fund fell 36%. Paulson's other funds did marginally better.
CP Rail $CP Chairman John Cleghorn’s Letter to Bill Ackman
The saga between activist hedge fund manager Bill Ackman and Canadian Pacific Railway (CP) continues this week after "Canadian Pacific Ltd.
Accident and Health Insurance Companies Hedge Funds Love
Accident and health insurance is a big business.
Gold: Was Paulson Right to Sell or Soros to Buy?
George Soros was a major buyer of SPDR Gold Trust (GLD) in late 2011. He increased his position in GLD by +13% during the third quarter.
Prosecutors Allege Gupta Told Rajaratnam About $PG Sale of Folgers
Prosecutors in the Rajat Gupta case said in court yesterday that "former McKinsey & Co.
Ackman’s Pershing Square Funds Down Between 1.1-2% for 2011
"The three funds run by Bill Ackman's Pershing Square Capital Management L.P.
Harbinger’s LightSquared Gets Break in $13.5B Deal with Sprint $S
Phil Falcone's Harbinger Capital finally gets a break.
CP Rail $CP Gets Upgrade on Prospect of New CEO
Canadian Pacific Railway (CP) "was upgraded to neutral from underweight at JPMorgan on raised expectations that Hunter Harrison will become CEO," reports the Financial Post.
Royce Ups $GIII $FINL, Cuts $MMS $AFAM $MPAA Others, Sells $IPSU
Chuck Royce's Royce & Associates really changed things up in the fourth quarter. The fund increased several positions dramatically, while slashing others.
Blum Capital Cuts Stake in eResearch $ERES $ERT to 9.3%
Richard Blum's Blum Capital Partners announced on Monday that it sold a large portion of its holding in eResearch Technology, Inc.
George Soros to Open Myanmar Base for His Philanthropic Work
George Soros, the billionaire investor, "has agreed to set up an official base for his philanthropic work in Myanmar after meetings with the country’s president and Aung San...
Hedge Funds End 2011 on a Bad Note
Hedge fund performance in 2011 was one of the worst years ever for hedge funds.
Ackman Strikes Back at CP Rail Execs
Bill Ackman struck back at Canadian Pacific Railway (CP) after the company bashed him over alleged leaks yesterday, writes the Wall Street Journal.
Rothstein Claims 4 Hedge Funds Failed To Stop $1.2 Billion Scam
Disbarred lawyer and Ponzi schemer, Scott Rothstein, "testified that four hedge funds failed to stop his $1.2 billion fraud," reports FINAlternatives.
Falcone’s LightSquared Hires Montagner as New CFO
Phil Falcone's troubled wireless venture, LightSquared, is getting a new CFO, reports FINAlternatives.
Cliff Asness’ AQR Capital to Launch 3 New Hedge Funds
Cliff Asness' AQR Capital Management has not been fazed by the high number of hedge fund closures and redemptions seen in 2011.
Glenview’s Larry Robbins Gets Legal OK to Build Ice Rink
Larry Robbins, the CEO of Glenview Capital, is moving forward with his dreams of building a hockey rink next to his New Jersey home, reports FINAlternatives. The fund manager...
Dalio’s Bridgewater Associates Bearish on Economy
Ray Dalio's Bridgewater Associates has made a fortune by remaining bearish on the economy.
CP Rail $CP Bashes Pershing Square’s Ackman Over Alleged Leaks
Bill Ackman's Pershing Square is one of the leading activist funds in the world, meaning that it invests in companies that are undervalued and works to boost shareholder value...
Hedge Funds Increase Bets Against Euro to Record High
Hedge funds may have been hit hard by the market volatility triggered by the European sovereign debt crisis, with hedge funds going out of business at the fastest pace in more...
Fed Says Dealers Made it Tough for Hedge Funds to Finance Trading
A Federal Reserve survey showed that "Wall Street dealers made it tougher for hedge funds to finance trading of securities and derivatives in the three months through November...
Lansdowne’s Ruddock Knighted for Philanthropy
Hedge fund manager Paul Ruddock, co-founder and chief executive of Lansdowne Partners was "knighted in the New Year’s honours list for his philanthropy and service to the arts...
Berkowitz on Losing End After Sears $SHLD and Financials Tank
Bruce Berkowitz, founder and manager of the $8 billion Fairholme Fund, had a rough 2011.
Lampert’s ESL Investments Cashes In Portion of Autozone $AZO Stake
Eddie Lampert's ESL Investments has long held Autozone (AZO) as a major part of its portfolio.
Something Fishy in Hedge Fund Filings? New Research Suggests So
"For years, finance experts have put together statistical analyses that suggest something fishy is going on with some of the reported returns in a large universe of hedge funds...
Shares in Diamond Foods $DMND Up on Rumors of Einhorn Involvement
Diamond Foods, Inc. (DMND) rose 7.2% yesterday "after CNBC reported that hedge fund manager David Einhorn may have taken a stake in the snack maker," reports Bloomberg.
Pershing Square’s Ackman Pushes for Change in CP Rail Management
Hedge fund manager Bill Ackman built up a 12.2% activist stake in Canadian Pacific Railway (CP), known affectionately as "CP Rail," back in October.
John Paulson’s Year a Little Worse After Poor December Returns
He overcorrected his positions in October after reporting year-to-date losses of 47% through the end of September, missing out on the October rally.
Hedge Funds Bullish on Gold Miners Despite Poor Returns to Date
Gold investment in 2011 has been one of the most profitable ventures seen this year – investment in gold miners, not so much.
SAC Capital’s Steve Cohen Rumored to be Bidding for LA Dodgers
Steve Cohen, founder and manager of the prominent SAC Capital Advisors, rumored to be "bidding for the Los Angeles Dodgers," reports Bloomberg.
Seth Klarman Talks to Charlie Rose About Value Investing
Seth Klarman, founder and manager of the Baupost Group, was recently interviewed by Charlie Rose.
Steve Cohen’s SAC Buys 5.2% Stake in Validus Holdings $VR
Cohen has been a fan of VR since the second quarter 2009, when his SAC Capital Advisors initiated a small 1,312 share position.
Paulson Grows Bullish on American Capital $ACAS
On December 22, 2011, John Paulson reduced his stake in American Capital, Ltd (ACAS) by 6.15%, bringing his total shares in the company to just under 32.85 million.
SEC Widens Investigative Net to Catch Fund Fraud
The SEC is upping its game against hedge funds with returns too good to be true, reports the Wall Street Journal.
