Steve Eisman to Start Hedge Fund Emrys Partners in January
Ex-FrontPoint manager Steve Eisman, one of the men known for betting against subprime mortgages, announced plans to start his own hedge fun in January reports the SF Gate.
Author Archive - Renee Ann Butler
Evening Leaders – Leonid Boguslavsky Launches VC Fund
Boykin Curry is extremely bullish on Goldman Sachs (GS) and AON Corp (AON).
Randall Smith and Alden Global’s Best Investment Idea $GCI
Randall Smith's Alden Global Capital is very bullish on Gannett Co Inc (GCI). GCI is extremely undervalued.
Bernanke Says Fed Needs to Halt Asset Bubbles
Federal Reserve Chairman Ben Bernanke said Tuesday that the Fed may need to use monetary policy tools to prevent asset bubbles from forming reports CNBC.Bernanke was quick to ...
3G Capital’s Jorge Lemann is the ‘King’ of Burger King and the ‘King of Beers’
Burger King made a big move in August – the company opted to get rid of its mascot, the "King" after it was taken private by 3G Capital Inc., reports Bloomberg. (more…)
Leon Cooperman, Omega Advisors, Shuns Bonds
Bloomberg reports Leon Cooperman, the founder and manager of Omega Advisors, told investors Tuesday at Value Investing Congress in New York that he "wouldn’t be caught dead ...
12 Stocks Jim Cramer Says Make Terrible Shorts
On Jim Cramer’s Mad Money, he has been talking a lot about why the US markets are still relatively strong in spite of the state of the rest of the rest of world’s economies...
Hedge Funds Recovered Some of their $BAC Losses Today
Bank of America Corp (BAC) rose over 40 cents a share on news Tuesday that it "posted a profit of $6.2 billion, or 56 cents a share, compared to a year-ago loss of $7.3 billion...
Hedge Fund News – Segantii Returned 29% YTD, Hintze Donates to Cameron
Barton Biggs, the hedge fund manager who bought stocks when the market bottomed in March 2009, boosted bullish bets on equities in his Traxis Global Equity Macro Fund on improving...
Top of the Morning – New Plan for Underwater Borrowers
Troubled Franco-Belgian bank Dexia SA said Tuesday it expects to conclude plans for the Belgian state to take control of its Dexia Bank Belgium unit at a board meeting scheduled...
14 Short Ideas From Billionaire Leon Cooperman
Leon Cooperman is the man behind Omega Advisors.
6 Analyst ‘Buys’ Trading Under $10
We looked at the stock screener at finviz.com to see what stocks analysts were recommending that had market caps over $10 billion and share prices less than $10 a share.
Jim Cramer’s Stock Picks From Various Industries
Jim Cramer spoke on his show Friday night about companies that he thought were poised to turn around.
Hedge Funds Gain Big on Brigham $BEXP Deal
Several hedge funds gained big Monday after Statoil ASA (STO) announced it was going to buy Brigham Exploration Co. (BEXP) in a $4.4 billion deal.
Evening Leaders – JAT Stops Reporting Results, SkyBridge Capital Honored
Maybe he just doesn’t like blowing his own horn, but John Thaler, whose JAT Capital reported a 31% YTD gain in September, has stopped reporting performance numbers to HSBC’...
What’s in Store for Citigroup?
Citigroup (C) "announced a third-quarter profit of $3.8 billion, or $1.23 a share, beating analyst consensus estimates of 81 cents a share.
Green Mountain Coffee $GMCR Falls 11% in Midday Trading After Einhorn’s Presentation
Einhorn made a 110-slide case against the coffee company at the Value Investing Congress in New York on Monday afternoon.
Ex-Citadel Employee Accused of Stealing Proprietary Strategies Hires Attorney Carolyn Gurland
According to the Wall Street Journal, former Citadel employee Yihao "Ben" Pu was released Friday on a $25,000 cash bond on the condition he surrender his passport and allow his...
Hedge Funds Gain Big on News of El Paso $EP Purchase
El Paso Corp (ES) was up over 23% on Monday morning in news that Kinder Morgan would buy the company in a deal estimated at over $20.7 billion.
Goldman Sachs Appeals Bayou Group’s $20.5 Million Arbitrage Award
According to the Wall Street Journal, Goldman Sachs Group, Inc.
Hedge Fund News – Peltz’s Trian Warns State Street, Soros on Greek Debt
Billionaire investor Nelson Peltz admonished the board of State Street Corp.
Top of the Morning – Deutsche Bank’s $4.9B Vegas Casinos Exposure
Norway's Statoil ASA on Monday said it will buy the Texas-based oil firm Brigham Exploration Co.
Friday’s 5 Pre-Market Winners
CNN Money said Friday morning that the market may finally have hit bottom.
Top of the Morning – UBS Downgraded, Zynga $ZNGA IPO
Fitch Ratings fired a warning shot at European and U.S.
Hedge Fund News – Phil Falcone Australia, Icahn Navistar Activist
Philip Falcone grew up in the mining town of Chisholm, Minnesota, population 4976.
Jim Cramer’s Stock Picks
Jim Cramer's stock picks beat the market on the average according to an academic study by two Northeastern University professors.
John Thaler’s JAT Capital Management Fund Up 31% YTD
Considering Bloomberg reports that "hedge funds on average dropped 0.9 percent in the year’s first nine months and long-short managers posted losses of 2.6 percent," Thaler'...
Global Trading Strategies Closes on Macro Strategy Disappointments
Global Trading Strategies, the Sydney-based fund founded by a group of three former Goldman Sachs JBWere Pty.
Hedge Fund Exits Rise in September
According to Reuters, "Investors pulled out around five times more cash from hedge funds in the month to October 1 than in the prior period, during one of the most turbulent few...
Evening Leaders – Rajaratnam Gets 11 Years, Google Profit Climbs
A sharp sell-off in commodity markets in the past few weeks is wreaking havoc with the track records of some of the biggest-name funds in the sector, many of which now languish...
Ex-Citadel Employee Arrested for Stealing Fund Trading Secrets
According to the New York Times, Ex-Citadel employee Yihao "Ben" Pu has been arrested and charged with stealing proprietary secrets relating to the way the fund invests.
Hedge Funds Make a Bundle on $SINA
Sina Corporation (SINA) jumped by over 18% Thursday when it shot from $78.48 at close of trading Wednesday to finish the day at $94.23.
7 ‘Buy’ Rated Stocks Trading Under $10
Who says you need to spend a fortune to get a decent stock? In this volatile economy, there are lots of stocks priced under $10 a share that analysts are recommending to buy.
Hedge Funds Gain Big on Clearwire $CLWR Q3 Reports
Clearwire Corporation (CLWR) jumped by 13.85% Thursday morning after the company announced its third quarter earnings.
Top of the Morning – Warren Buffett Says Tax the Rich
JPMorgan Chase kicked off the banking industry’s earnings season, reporting on Thursday that profit fell 4 percent in the third quarter as a result of lingering mortgage troubles...
Top Hedge Funds in September
Hedge funds fell 3.2% in September according to Bloomberg, making September 2011 the worst month for hedge funds in over a year.
Hedge Funds Make a Bundle on $LIZ
Several funds made a bundle on Liz Claiborne, Inc. (LIZ) after it was announced Wednesday that JC Penney, Inc.
Evening Leaders – Grant Wilson BNY Whistleblower
Samsung Electronics plans to sidestep a sales ban on its smartphones in the Netherlands by tweaking their technology to avoid violating Apple Inc.
Hedge Funds Lose Big on Alcoa $AA
Several hedge funds lost big this morning after aluminium producer Alcoa Inc (AA) announced its initial profit estimate of 22 cents a share was incorrect.
Mark Jurish’s Larch Lane Hedge Fund Seedings, Man’s AHL Hit by Rally
HazelTree Fund Services, Inc., a leading provider of Treasury management services, today announced the launch of the next generation of its Treasury Suite product; the first Treasury...
Top of the Morning – Paulson “Made a Mistake”, Groupon IPO, Zynga IPO
A bill that aims to punish Beijing for holding down its currency passed the Senate on Tuesday despite a warning from China that the legislation could plunge the global economy...
Hedge Funds Gain on Ingersoll-Rand $IR
Ingersoll-Rand Plc (IR) gained 1.41% on the day, closing at $28.80. This marks the second day in a row that IR has gained.
Biglari and Cracker Barrel, Canada Hedge Funds, Jim Chanos Bearish
When the new SEC registration rules came out, it seemed pretty clear how funds would be affected: Funds with more than $150 million in assets would be required to register.
Hugh Hendry’s Eclectica Beats The Market in August and September
In a time with most hedge fund managers are losing money, there are rare exceptions like Hugh Hendry. Despite the low returns seen throughout the market, Hendry’s Eclectica...
Martin Shkreli Has Taken An Activist Position in AMAG
Martin Shkreli, CIO of MSMB Capital Management, took a 5.8% ownership interest in Amag Pharmaceuticals (AMAG) in a bid to prevent Amag merging with Allos Therapeutics (ALTH).
Hedge Funds Take More Money As Losses Increase
Hedge funds raked in more money in August, outperforming the markets and the volume of inflows versus redemptions.
