Carl Icahn, George Soros and Kensico Bullish on WebMD $WBMD
After plunging more than 54% this year, the sharks may start circling WebMD (WBMD).
Author Archive - Renee Ann Butler
David Einhorn Discusses Sprint $S in a Nov 7 Investor Letter
David Einhorn, the manager of the activist hedge fund Greenlight Capital, has a tendency to make waves.
Hedge Funds Make a Bundle on Dynegy $DYN
Dynegy Inc (DYN) shares shot up 26.10% in trading on Tuesday. The increase came after reports that "Dynegy Inc.'s holding company filed for Chapter 11 bankruptcy protection in...
Paulson to Cut Delphi Stake, Bass Buys 4.9% $MTG, Odey Hintze Up
New York hedge fund manager John Paulson plans to sell as much as $580 million in stock of Delphi Automotive PLC in the auto parts maker's proposed initial public offering, the...
Bruce Berkowitz, Low Returns, High Redemptions and ‘Average Down’
Bruce Berkowitz has had an amazing track record. For years, his Fairholme Fund has produced consistently high returns.
Hedge Funds Make Big on Tekelec $TKLC
Tekelec (TKLC) shares rose 14.04% in trading on Monday.
4 Analyst ‘Buys’ Under $20
The October rally may be on a downswing but there are plenty of stocks that still lots of upside potential, even amongst the lower share prices.
Is CIT Group $CIT Worth the Risk? Or is Rival $C $BAC or $IX Better?
CIT Group (CIT) is a favorite pick of Bruce Berkowitz’s Fairholme (Fairx), Mark T. Gallogly’s Centerbridge Partners and Howard Marks’ Oaktree Capital Management.
Pershing Sq Bill Ackman Sets His Sights on CP Rail CEO Fred Green
"Fred Green is a marked man," reports the Financial Times.
RenTech Soars, Citigroup Hedge Funds, After MF Global, Replicators
It's been a banner year for Renaissance Technologies, which can boast a pair of funds up in excess of 30%. That's par for the course for the East Setauket, N.Y.-based firm's ...
Third Point’s Dan Loeb Wants Jerry Yang Deposed from Yahoo $YHOO
Hedge Fund Manager Dan Loeb is worried Jerry Yang, the founder of Yahoo, will muck up its sale reports the Wall Street Journal.
John Paulson’s 2011 Returns and Performance
John Paulson has had a rough year, in fact the worst of his career reports Bloomberg, but if October is any indication, he could be on the rebound.
Hedge Funds Make a Bundle on Inhibitex $INHX
Shares of Inhibitex (INHX) more than doubled Friday morning.
Is Quest Diagnostics a Good Buy? $DGX $LH $PMD $BEAT
Quest Diagnostics (DGX) provides diagnostic testing and interpretive consultation. DGX announced its third quarter earnings on October 25.
Hedge Funds Lose a Bundle After Abercrombie $ANF Shares Fall 21%
Several hedge funds lost big in early trading on Thursday after Abercrombie & Fitch Company (ANF) plummeted from $74.01 at close Wednesday to $57.90 at 10:39am EST Thursday morning...
Dan Loeb Says He Was Too Cautious During October Rally
Dan Loeb is the founder and manager at Third Point. He is well known for big and successful investments. (more…)
Brencourt, Blackstone, Silverfern Expands, Emma Sugarman
Fund of hedge funds Central Park Group is getting some help to run its event-driven fund. The New York-based firm has named Brencourt Advisors the sub-adviser to the Multi-...
Schafer’s OSS Shuts Down, Kraft $KFT Split, EU Suspends Greek Aid
After more than 40 years as a noted stock-picker and market commentator, Oscar Schafer plans to close down his hedge fund in the next six months, investors said. The decision...
Hedge Funds Make a Bundle After Boston Beer $SAM Grows 14.63% Wed
The Boston Beer Company (SAM) swelled from $86.37 at close on Tuesday to hit $99.01 a share at close on Wednesday.
Harbinger’s Spectrum Rates BB-, Skybound in HK, Oil Falls Back
Fitch also assigns a 'BB-' rating to Spectrum's proposed note offering of a 9.5%, $150 million senior secured notes.
John Thaler Loves Netflix $NFLX, CEO Reed Hastings Not So Much
John Thaler's JAT Capital Management is very successful. JAT Capital Management is a global long short fund with more than a couple billion in assets.
West Virginia Ups Hedge Fund Investment, Hires Pershing and AQR
West Virginia's main public pension manager has increased the number of managers in the West Virginia Investment Management Board of Retirement's portfolio to 25 reports FINAlternatives...
Activist Hedge Fund Alden Global Pushing for Visteon Corp Breakup
Alden Global Capital, the activist hedge fund, is leading a push to breakup Visteon Corp (VC), the former parts affiliate for Ford Motor Co (F), reports Reuters. (more…)
Hedge Funds Lose Big on Career Education $CECO After CEO Resigns
Career Education Corporation (CECO) fell over 40% in early trading Wednesday on news that its CEO Gary McCullough resigned reports MarketWatch.
Bill Ackman’s Pershing Square Not Selling CP Rail
Bill Ackman's Pershing Square recently bought a 12.2% stake in Canadian Pacific Railway.
Paradis Returns, Point Capital Launch, MJE Expands, WV Allocation
At Aegon Capital Management, Glenn Paradis was a well-known growth manager who focused mainly on mid-cap names.
SEC Scolded, Wilcox Launch, MF Global FBI, SEF Case Dismissed
An internal watchdog slapped the Securities and Exchange Commission on the wrist for its now-discontinued policy of discarding records from preliminary inquiries into possible...
Paulson Hedge Fund Gross Redemptions Less Than 8% of Firm Assets
John Paulson may have been holding his breath October 31.
David Einhorn Thinks Gold Companies Will Outperform Bullion
David Einhorn, Greenlight Capital has noticed a "substantial disconnect" in the market according to Bloomberg and he is investing accordingly. (more…)
Hedge Funds Lose After Cisco $CSCO Shares Fall in Trading Tuesday
Cisco Systems (CSCO) share prices fell over 5% on Tuesday. The stock closed Monday at $18.53 a share to close at $17.59 a share on Tuesday.
Hastings Sells, Vanquish Loses, Yahoo Buys, Transocean Indemnity
Netflix CEO Reed Hastings Sells His Stock in the Company (YCharts)
As the bloodbath for Netflix (NFLX) investors carries on, perhaps the CEO could boost a little confidence in the company if he would stop selling his own shares.
MF Global in CME Investigation, Admits Diverting Funds
MF Global Holdings (MF) has been in a tailspin lately.
Leon Cooperman Says ‘Banks are Challenged’
Leon Cooperman knows his way around the markets. Cooperman is the founder and CEO of Omega Advisors, a hedge fund with a portfolio valued at several billion dollars.
George Soros Claims Adriana Ferreyr Accusations are Preposterous
George Soros, the prominent hedge fund manager, is having girl problems and they are landing him in court. (more…)
Hedge Funds Lose on Citigroup $C After Greece Puts Plan to Vote
Citigroup (C) fell more than 8.55% in early trading on Tuesday "on worries that a planned Greek referendum could scuttle a plan reached last week to resolve Europe's debt crisis...
Klatch Pleads Guilty, Standard Life Exits, CA Law, Fund Branding
A Tampa, Fla., man has pleaded guilty to defrauding investors — including 4 from the Mobile area — out of millions of dollars. Anthony J.
Fonclare Steps Back, Failed Einhorn Mets Deal, MF Global, MoMath
Citywire A-rated manager Cedric de Fonclare has stepped back from management of the Jupiter European Absolute Return fund as part of wider merger plans. The move comes after ...
John Paulson Thinks a Gold Bubble is Ludicrous
John Paulson delivered a speech at the Chinese Finance Association's 17th Annual Conference in New York.
Hedge Funds Make Big on Humana $HUM
Humana Inc (HUM) swelled from $80.24 a share at open on Monday to hit anew 52-week high of $87.32 a share after it "announced earnings of $444.8 million, or $2.67 a share, up ...
SLJ Hedge Fund Launch, Eastbridge Launch, Madoffs Keep Millions
Stephen Jen, one of the world’s best-known foreign exchange strategists, is to launch his own hedge fund on Tuesday. Mr Jen’s SLJ Macro Partners, based in London, will begin...
Soros Says Brussels Deal Will Last From One Day to Three Months
George Soros, the famous hedge fund manager, has a lot to say about the economy.
Green Mountain Coffee $GMCR Shorts Highest Since 2009
Green Mountain Coffee Roasters (GMCR) Shorts are at the highest they have been in over two years.
MF Global Bankrupt, SevenLocks Launch, Weinstein Ponzi, Brent Oil
MF Global, a trader in commodities and derivatives, filed for bankruptcy production Monday, according to a court document. Trading in MF Global (MF) was halted on the New York...
Hedge Funds Lose Big After First Solar $FSLR Shares Fall Over 6%
First Solar (FSLR)'s share price fell more than 6% Monday morning as FSLR share prices fell from $53.99 at close on Friday to trade at $50.38 at 10am EST Monday.
Bruce Berkowitz is Bullish About Eli Lilly $LLY
Bruce Berkowitz, founder and manager of the Fairholme fund has had a change of heart. Berkowitz has gone from bull to bear on pharmaceutical stocks. (more…)
Bill Ackman’s Pershing Square Builds 12.2% Stake in CP Rail
Pershing Square, the activist hedge fund founded and managed by Bill Ackman "has built up a 12.2 per cent stake in Canadian Pacific Railway, one of Canada's most storied companies...
Andrey Hicks Scam, Ackman Advice, Hedge Funds Bet on Soccer
Fifty-four years after Sputnik, the American public finally gets the message: Math is way cool.
Hedge Funds Make Big After Sprint $S Rises 4.41%
Sprint Nextel Corporation (S) rose by over 4% on Friday, moving from $2.61 at close yesterday to finish the week at $2.74 at 5pm EST.
Chanos Shorts, Kupersmith Indictments, Magnetar Dismissed, Zevallos Launch
China is on “a bigger and faster treadmill” than ever as property sales slow, said Jim Chanos, the hedge-fund manager who’s shorting banking stocks on a bet the market will...
