Here’s What This $18 Billion Hedge Fund Is Buying (Motley Fool)
Today let’s look at Acadian Asset Management, founded in 1988 as a foreign stock fund manager. Today it manages more than 40 different investing strategies in global stocks and emerging markets and employs “sophisticated analytical models” with a database of more than 40,000 securities. The company’s reportable stock portfolio totaled $18 billion in value as of Dec. 31, 2013. The biggest new holdings are Cablevision Systems Corporation (NYSE:CVC) and Intuit Inc. (NASDAQ:INTU). Other new holdings of interest include Kodiak Oil & Gas Corp (USA) (NYSE:KOG) and New York Community Bancorp, Inc. (NYSE:NYCB). Kodiak Oil & Gas is one of the fastest-growing companies in shale drilling, though recent freezing temperatures threaten operations.
Pick stocks that ride US dollar, says hedge fund manager (Advisor.ca)
A strong U.S. dollar is this year’s main macro theme for Matt Skipp, president and chief investment officer at SW8 Asset Management. “We want to be long stocks in Canada and the U.S. that benefit from a rising U.S. dollar, and short stocks that will be hurt from it,” the hedge fund manager said during a conference call yesterday. In Canada his main long positions are in technology, precious metals and uranium. He suggests the pullback in the Canadian dollar has been priced into most sectors, with forestry being the biggest beneficiary.
David A. Lorber Boosts His Stake at Ferro Corporation (FOE) (Insider Monkey)
David A. Lorber, one of the managers of the Frontfour Capital Group, has significantly increased its position in Ferro Corporation (NYSE:FOE), after acquiring around 1.22 million shares. The securities have been bought at a price of $13.27 apiece and following the acquisition Mr. Lorber holds some 5.31 million shares. The securities have been acquired under the Deferred Compensation Plan for Non-Employee Directors. Ferro Corporation is engaged in production of specialty chemicals that are acquired by manufacturers, which use them for products delivered for different end-use markets.
Michael Zimmerman’s Hedge Fund Anticipates 2014 Mobile Shopping Revolution (PR Web)
Michael Zimmerman of hedge fund Prentice Capital Management LP believes mobile shopping will change the way we shop, an evolution that is already happening. Online sales on Christmas Day were up 16.5 percent over last year while mobile sales formed nearly 29 percent of total online sales, an increase of over 40 percent compared to 2012, even though the number of people walking into stores fell 14.6 percent this year. Prentice Capital’s Zimmerman believes that despite fewer shoppers instore, sales are increasingly driven by sofa shoppers wielding tablet computers.
Annual Hedge Fund Research Conference (Automated Trader)
Inès de Dinechin, Chairwoman of Lyxor Asset Management rings the Opening Bell at Euronext Paris to mark the beginning of the 6th Annual Hedge Fund Research Conference. Welcome to the 6th Annual Hedge Fund Research Conference, which presents the latest research papers shaping the future of the asset management industry, from the most renowned academics. With close to a hundred submissions from 50 universities in 17 countries, the 15 unpublished papers which will be presented during the conference were selected following a thorough screening process by a scientific committee of internationally respected academic professors.
