Fairfax $FFH Case Against Third Point and Kynikos Dismissed
Jim Chanos' Kynikos Associates LP and Daniel Loeb's Third Point are having a brighter holiday season after they "won dismissal from an $8 billion lawsuit accusing the two hedge...
Author Archive - Renee Ann Butler
Hedge Fund Strategy Makes Major Difference in Performance
Hedge funds may have had a rough time of things lately – the average hedge fund was down 4% year-to-date through the end of November – but the losses are not distributed evenly...
Hedge Funds Look to North Korean Bonds
Hedge fund managers are always on the lookout for investment opportunities, and now is no different.
Hedge Fund Performance Down But Investors Not Swayed
The average hedge fund was down 4 percent through the end of November, but investors, especially institutional investors, are not swayed.
Quiznos Close to Deal with Lasry’s Avenue Capital
Sandwich chain Quiznos is in danger of bankruptcy reports the Wall Street Journal. If the company does not find a way to restructure its $870 million debt load, Quiznos will ...
Falcone’s LightSquared Presses FCC Over Network
Phil Falcone's Harbinger Capital is the primary shareholder in communications company LightSquared, owning all but a sliver of the company.
Insider Trading and the Birth of the Perfect Hedge
Five years ago, FBI agents David Chaves and Patrick Carroll received intelligence that "a surge in profits at hedge funds might be the result of an epidemic of insider trading...
Falcone’s LightSquared Could Be Running Out of Cash
LightSquared, "the upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second...
Fortress’ Daniel Mudd Sued by SEC for Work at Fannie Mae
Daniel Mudd, the chief executive of Fortress Investment Group, "was clouded by the government investigations into his previous employer" reports the New York Times. Mudd joined...
Fund Manager John Paulson Reportedly Victim of Fraud Ring
Fund manager John Paulson has had a rough year. His hedge funds' losses were in the high double digits.
Wintergreen’s David Winters on Value-Investing
David Winters recently explained "his market and peer beating global strategies" on Consuelo Mack WealthTrack (ValueWalk).
BlueCrest and Brevan Howard Buck Low Hegde Fund Performance Trend
November may have been the worst month since the bankruptcy of the Lehman Brothers for the average hedge fund, but the range of hedge fund performance is briader than most investors...
Warren Buffett Goes Solar, Second Deal This Month
On December 7, his MidAmerican Energy Holdings, which is a subsidiary of Berkshire Hathaway, agreed to purchase the $2 billion Topaz power plant in its entirety from First Solar...
AQR Manager Asness Moves into Mutual Funds
AQR Capital Management founder Cliff Asness is a high-flyer.
‘Wilpon’s Folly’ Explains Einhorn’s Failed $200M Deal with Mets
Greenlight Capital's David Einhorn’s $200 million deal with the New York Mets was put to bed, not by a change of the hedge fund manager’s mind, but by New York Mets owner ...
Soros Lay Offs ‘Normal Course of Business’
It seems Julian Robertson wasn’t kidding when he said the hedge fund industry is “tough.” Even successful fund manager heavyweights like George Soros have to cut back once...
Paulson’s Bright Spot Could Fade as Gold Reaches 5-Month Low
John Paulson's year is about to get worse. Paulson, a superstar hedge fund manager, has endured some of the biggest losses of his career this year.
Investors Disappointed at Lackluster Hedge Fund Performance
Hedge funds are an asset class that used to be famous for its ability to make money in all markets under any condition, but that trend appears to be dwindling.
George Soros Donated More than $550M over the Last 10 Years
Over the last 10 years, he has donated more than $550 million to such causes, reports Fox News.
Hedge Funds Move Away from Oil Stocks
There was the Deepwater Horizon and the tragedy in the Gulf.
Is Water the Next Commodity? Greenblatt, Eveillard have Positions
In the third quarter, "water" stocks like the ITT Corporation (ITT.N) got a lot of hedge fund love. And, they aren't the only ones.
Ex-Moore Trader Leslie to Close JCAM Global, Launch New Fund
James Caird Asset Management, a firm that is run by Tim Leslie, a former trader at Louis Bacon's Moore Capital Management, announced this week that he would be liquidating his...
John Paulson on the European Debt Crisis
John Paulson, founder and president of the famous investment firm Paulson & Co, wrote a column in the Financial Times. It was published yesterday afternoon.
Navigating Oil with Jim Cramer – $SUN $ESV $RIG $OIH
On December 13, Jim Cramer talked to viewers of his popular “Mad Money” show about oil.
Jim Cramer Changed His Mind on These 6 Stocks
Jim Cramer is the host of the wildly popular investment show “Mad Money.” On his December 12th show, Cramer talked about themes that were working in today’s market.
D. E. Shaw Reportedly in Talks to Buy Large Stake in China’s TEDA
David E. Shaw's $21 billion fund D.E.
Klarman Buys a 16.92% Stake in Targacept $TRGT
Seth Klarman, the manager of the Baupost Group, bought a 16.92% stake in Targacept (TRGT) on December 9.
Jim Simons Donates $150 Million to Stony Brook University
The New York Times announced that Simons and his wife Marilyn will be donating $150 million to Stony Brook University, the University where Simons talked mathematics early in ...
Highbridge Capital Lays Off 3 Senior Execs and 3 Analysts
The Highbridge Capital fund which is managed by Glenn Russell Dubin, has laid off three senior executives, including two portfolio managers, and at least three analysts and traders...
Falcone’s LightSquared Test Results Leaked
Phil Falcone has had a rough week. First, he gets the notice that charges from the SEC are likely following (read about it here).
George Soros, Others Benefit on Ex-MF Global Debt
George Soros, or at least his family fund Soros Fund Management, is up more than $130 million after it "bought about $2 billion of European bonds formerly owned by MF Global Holdings...
New Hedge Fund Research Suggests Hedge Fund Alpha Closer to Zero
Hedge fund managers used to be the upper echelons of the investing world.
Harbinger’s Falcone in SEC Crosshairs
Fund manager Phil Falcone is under the gun. The SEC filed Wells notices on Falcone and his hedge fund Harbinger Capital Partners on Friday, indicating charges are likely according...
Adondakis, Tortora and Abbasi May Be Charged with Insider Trading
Investigators are poised to enter new charges against three traders reports the Wall Street Journal.
Lululemon $LULU Falls Short of Estimates, Hedge Funds Lose on News
Lululemon Athletica (LULU) shares fell in trading on Thursday after its sales missed analysts expectations, reports Reuters.
Christmas Comes Early for 92nd St Y, Thanks to John Paulson
Investment always involves some measure of risk, that is of course unless you are the 92nd Street Y, one of New York City's premier cultural institutions.
Man Appoints Hendricks, Raj Seeks Appeal, Powerball Controversy
Man Group, the world’s largest listed fund manager, has appointed ex-Goldman Sachs man Ruud Hendriks as non-executive chairman of the firm’s Institutional Department. He ...
Hedge Funds Make Big on JP Morgan $JPM After Share Price Rises 8%
JP Morgan Chase (JPM) rose over 8% in trading on Wednesday as "the Federal Reserve and five central banks lowered interest rates on dollar swaps and China cut banks’ reserve...
Three Hedge Fund Managers Win CT Powerball… or Did They?
News broke a few days ago that three hedge fund managers in Connecticut won a $254M Powerball drawing. All three work at Belpointe Capital.
Icahn v. Ackman – How $4.5M Turned Into Almost $9M
Two superstar hedge fund managers have been in a tiff since 2004, reports the New York Times. The pair in question is Carl Icahn and Pershing Square's Bill Ackman.
Paulson Apologizes, Capital One Axes Hedge Fund, Hawkins Ups $TXI
Hedge fund legend John Paulson apologized to investors for what he is calling a year that has been “the worst in the firm’s 17 year history.” “We are disappointed and...
Ackman Raises CP Rail Stake, Abrams $CCMO, Bannasch $MF $NTCT
William Ackman’s Pershing Square Capital Management has upped his stake in Canadian Pacific Railway, Canada’s second-largest railroad. The activist investor has bought another...
Hedge Funds Sell Pharmaceuticals, Financial Stocks in 3rd Quarter
Some of the biggest names in the hedge fund industry revamped their portfolios in the third quarter.
4 Stocks from Jim Cramer’s Nov 17 Mad Money
Jim Cramer is the host of the wildly popular “Mad Money” show on CNBC.
Hedge Funds Make Big After Regeneron $REGN Gets FDA OK for Eylea
Regeneron Pharmaceuticals Inc.'s (REGN) shares rose 13.73% in trading on Monday after U.S.
Cramer on $CELG, Berkowitz Report, Hedge Fund Redemptions
Jim Cramer is the host of the popular “Mad Money” show on CNBC. He is famous for making big bold calls, liking momentum stocks and preferring dividend yielding stocks.
Bruce Berkowitz’s Fairholme Fund ‘Stays the Course’
Bruce Berkowitz's Fairholme Fund recently released a document entitled, "Fairholme Stays the Course." The document, which has a tag line that reads, "Ignore the crowd," goes...
Jim Cramer Says Celgene is Better Than Pfizer
Jim Cramer is the host of the popular “Mad Money” show on CNBC. He is famous for making big bold calls, liking momentum stocks and preferring dividend yielding stocks.
Harbinger Capital’s Newest LightSquared Hurdle – Senator Roberts
Phil Falcone's Harbinger Capital has really had a time of things lately. The hedge fund owns a significant stake in a company called LightSquared.
Legg Mason’s Bill Miller Steps Down, Sam Peters to Manage Fund
Bill Miller, the manager of the Legg Mason Capital Management (LMVTX) mutual fund, announced Thursday that he is stepping down, per Bloomberg. (more…)
