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Author Archive - Renee Ann Butler
Steve Cohen’s SAC to Get into the Reinsurance Business
Steve Cohen "is branching out and plans to set up his own reinsurance firm," according to Reuters Thursday. (more…)
Steve Cohen’s SAC Capital, the SEC and the True Price of Success
Steve Cohen's SAC Capital has been under a gun lately.
Green Mountain Coffee Slips Lower After T2’s Tilson Comments on SEC Probe
Green Mountain Coffee Roasters (GMCR) has had a rough October. The coffee giant popular for its Keurig K-Cups has fallen almost 30% since October 1, 2011.
Monkeys are Better at Picking Hedge Funds Than Fund of Hedge Funds
Hedge funds are a mystery to many people. They can be confusing and investors are wise to seek the advice before investing.
The Realities of Prosecuting Rajat Gupta – No Proof, No Profit
Rajat Gupta surrendered to the FBI over insider trading charges Wednesday morning.
Hedge Fund Profit on Defaults, UBS Denies Report, Hedge Fund M&A
WHILE I was at work on a book about the 2008 financial disaster I became interested in a tiny handful of investors who had made their fortunes from the collapse of the sub-prime...
Hedge Funds make a Bundle on Baidu $BIDU After Q3 Earnings Report
Baidu Inc (BIDU), China's largest Internet company by market cap announced "third-quarter profit rose 80 percent to 1.88 billion yuan ($296 million) to beat analysts’ estimates...
Raj Rajaratnam Faces New Insider Trading Charges
Raj Rajaratnam is in hot water again. The SEC filed new charges against him on Wednesday "after first charging him with insider trading in October 2009," reports FuturesMag.
John Paulson Misses Out on Rally, Predictions Correct
John Paulson has had a rough time of things lately.
Hedge Funds Asia, SEC Finra, Goldman Sachs Sued, Fund Exposure
ERIC WONG, who helps run his Hong Kong family’s money through an investment office, TCG Capital, looks like a hedge-fund manager’s dream.
Rajaratnam Interview Comments ‘Inaccurate” Says FBI
Raj Rajaratnam allowed Newsweek to interview him. It was his first interview since his arrest two years ago.
Hedge Funds Make Big on Bank of America $BAC
Bank of America (BAC) gained almsot 10% in trading on Thursday after it reported earnings "56 cents per share on revenues of $28.7 billion in the third quarter.
SEC v. FINRA, Robinson Launches Altana Fund, Activist Funds
New investment management firm Altana Wealth, started by Lee Robinson, one of the co-founders of Trafalgar Asset Managers, has launched a hedge fund designed to protect investors...
Hedge Funds Could Face Double Exposure
Hedge funds could face double exposure reports Bloomberg. "When hedge funds and private-equity funds begin to reveal their inner workings to U.S.
KCPS Plans New $150m Private Equity Fund
KCPS & Co. is planning a new private equity fund according to Globes.
Phony Hedge Fund, BlackRock Up on Asia, Bacon Moore, Currency
Richard Arney, head of hedge funds at BlackRock Alternative Investors, spoke to Bloomberg Television’s Susan Li in Hong Kong today about recent market swings and its implications...
Pivovarov Launches Altera Fund, Visium Hires Stockton, MF Global
A former Old Lane Partners manager has returned home to launch a high-concentrated hedge fund focused on Russia. Viatcheslav Pivovarov's Altera Capital will launch its maiden...
Hedge Funds Make Big After Cheniere $LNG Announces 20-Yr BG Contract
Several hedge funds made big after Cheniere Energy, Inc (LNG) rose from $6.12 a share at yesterday's close to finish trading Wednesday at $10.32 a share.
Jim Simons’ Renaissance Fund Shifts to Right
Hedge fund management can make all the difference in a fund's performance but it can also have an effect in the political arena, as in the case of Jim Simons' Renaissance Technologies...
Phil Falcone’s Harbinger Capital Down 17% in September
Phil Falcone's Harbinger Capital lost big last month according to Reuters.
Ray Dalio Talks to Charlie Rose About the ‘Economic Machine’
Ray Dalio's Bridgewater was the most successful hedge fund in the world in the last two years.
David Baran’s Hedge Fund Symphony Financial is the Top Fund in August
David Baran's hedge fund, Symphony Financial has been outperforming its peers.
Hedge Funds Destroyed After Amazon $AMZN Share Prices Fall Over 10%
Amazon (AMZN) share prices fell from $227.15 at close Tuesday to $203.82 by 10am EST Wednesday after AMZN's third quarter earnings and fourth quarter outlook were lower than analysts...
Rajat Gupta Surrendered to FBI Over Insider Trading Charges
Rajat Gupta surrendered Wednesday morning to Federal Bureau of Investigation officials over charges of insider trading reports the New York Times.
John Paulson, Fund Manager’s Farmland Love, and Bryan Borgia
Hedge-fund manager Paulson & Co. is facing opposition to a deal with insurance giant MetLife Inc.
Navroz Udwadia’s Falcon Edge Capital, Middle Office Outsourcing
A new fund management venture from a founding member of Blue Ridge Capital and a key player in Eton Park’s investment team is “set to be one of the largest launches of 2012...
Hedge Funds Lose Big on First Solar $FSLR After Robert Gillette Steps Down as CEO
Several hedge funds lost big on Tuesday after First Solar, Inc. (FSLR) stocks plummeted more than 25%, dropping from $57.95 at close Monday to $43.27 at close Tuesday.
Steve Cohen, Whitney Tilson $NFLX, and Mark Mobius
Wall Street regulators expressed mounting concern about SAC Capital Advisors' trading over a nine-year period, detailing in dozens of confidential reports suspicions that the ...
Donald Yacktman’s Fund Outperforming 96% of Peers
Donald Yacktman is one of the most successful fund managers in the industry reports Businessweek. (more…)
Raj Rajaratnam Says He Was Offered Deal to Cooperate Against Rajat Gupta
Raj Rajaratnam, the Galleon Group founder who was convicted of insider trading and was sentenced to 11 years this month, gave his first interview since his arrest to Newsweek.
Steve Cohen’s SAC Capital Under Investigation for $14M in Suspicious Trades
Financial Industry Regulatory Authority (FINRA) referred the trades SAC Capital made in 19 companies over the last 10 years, including Genentech Inc. (DNA), ViroPharma Inc.
Ray Dalio Says Risk is Rising as Political Leaders Give Sway to Mob Ruling
Ray Dalio sees the world in the midst of a game-changing deleveraging but he thinks that the greatest threat to the success of efforts to manage this is hindered by the fact that...
George Soros has a Seven Point Plan to Save the Eurozone
George Soros has been very focal about the European debt crises, even going so far as to offer advice, like when he told Kathimerini that the Greek debt ought to be restructured...
Hedge Funds Lose Big on AK Steel $AKS 3rd Qtr Report
After AK Steel (AKS) reported losses of $3.5 million, or 3 cents a share, its share price plummeted from $8.65 at close yesterday to trade at $7.56 at 10am EST this morning, a...
Hedge Fund News – Bridgewater’s Jensen 3rd in Forbes 40 Under 40
A pair of hedgies feature prominently in this year's edition of Fortune magazine's ranking of the top young guns in business. Bridgewater Associates' Greg Jensen and Centaurus...
Top of the Morning – Soros Buying Farmland, Brian Coats Pleads Guilty
Stuart Varney, host of the aptly named and very highly rated "Varney & Co." program on Fox Business, put the following question to me in his usual direct style: "Will we have ...
Jana Partners Is the Best Activist Hedge Fund To Imitate
Jana Partners is an activist hedge fund. This means that it take positions in its investments that are large enough to afford the firm a voice in the company's operations.
Phil Falcone’s LightSquared Hires More Lobbyists To Resolve “Technical” Issues
Phil Falcone, the man behind the Harbinger fund and financier, is facing opposition over his Reston-based startup LightSquared reports the Washington Post.
David Tepper and Alan Fournier Target NJ Teachers
David Tepper, the successful hedge fun manager, is jumping into the New Jersey political game reports NJ.com.
SLJ Hedge Fund’s Stephen Jen Says Bill Ackman is Focusing On the Wrong Problem
SLJ Hedge Fund's Stephen Jen knows the currency markets.
Hedge Funds Lose Big After Netflix $NFLX Share Price Drops 21%
Netflix Inc (NFLX) share prices plummeted over 21% on Monday after the movie rental provider reported that it lost more than 800,000 subscribers in in the third quarter and warned...
Evening Leaders – Sarona Opens EU Office, Highland Capital Lawsuit Dismissed
Sarona Asset Management, a specialist in private equity and impact investing funds, has opened a European office and appointed Vivina Berla as a senior partner and European managing...
Sprint Moves to Stop AT&T’s Acquisition of T-Mobile
AT&T (T) is being blocked from purchasing T-Mobile from Deutsche Telekom AG reports the Wall Street Journal. (more…)
Peabody Energy and ArcelorMittal Take Majority Stake in MacArthur Coal
Just days after Citic Resources accepted Peabody Energy and ArcelorMittal’s $5 Billion takeover offer for just over 49% of Macarthur Coal, the pair have pushed their way to...
Olympus Fee Inquiry Centered on Two Japanese Bankers, Hajime Sagawa and Akio Nakagawa
Hajime Sagawa and Akio Nakagawa, two Japanese bankers, are at the center of what the New York Times calls "a growing firestorm over a mysterious $687 million payout by Olympus...
El Paso Shareholders Sue Goldman Sachs Over Kinder Deal
El Paso Corp (EP) shareholders have filed suit against Goldman Sachs (GS) for its role in advising the company to sell itself to Kinder Morgan Inc (KMI) according to the Wall ...
