Editor’s Note: Related tickers: Herbalife Ltd. (NYSE:HLF), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Dell Inc. (NASDAQ:DELL), Google Inc (NASDAQ:GOOG), Facebook Inc (NASDAQ:FB), Morgan Stanley (NYSE:MS), DISH Network Corp. (NASDAQ:DISH), Goldman Sachs Group, Inc. (NYSE:GS)
Julian Robertson, CEO of Tiger Management, went on Bloomberg Surveillance today to talk shop. So of course Apple Inc. (NASDAQ:AAPL) came up — the stock was one of the legendary hedge funder’s largest holdings at one point. …He once called Apple Inc. (NASDAQ:AAPL) the greatest company in the world. Now? “I read the book on Steve Jobs and I developed a tremendous amount of respect and admiration for his intellect. But I came to the conclusion that he really was a maverick person and he really could not establish a great long-term entity,” he told Bloomberg’s Tom Keene. “I don’t think the Steve Jobs was the type of guy that would have developed a great, long-term leadership.” “I think the Google Inc (NASDAQ:GOOG) people have a better way of getting things done,” he said.
Hedge Fund ValueAct eyes Microsoft Corporation (NASDAQ:MSFT) to reap gains from falling market (Avauncer)
Shares of Microsoft Corporation (NASDAQ:MSFT) fell 0.59% to close at $31.82 in its previous trading session. This was midway its 52-week price band of $26.26 to $36.43. Reports have confirmed that Hedge fund ValueAct has again indulged in buying shares of Microsoft Corporation (NASDAQ:MSFT). The firm has earlier in April resorted to a $1.9 billion stake. It is speculated that the firm is eyeing on purchase of as much stake it can in the recent times, especially when the company itself has resorted to numerous sell offs, in an attempt to turn its fortunes. …It believes that Microsoft Corporation (NASDAQ:MSFT) is better poised than its competitors to perform in this segment. Microsoft Corporation (NASDAQ:MSFT)’s Azure, allows other software makers to run their cloud applications on Microsoft Corporation (NASDAQ:MSFT)’s server, which is expected to lead greater customer acceptance.
Herbalife Shares Are Hitting A New High Today (BusinessInsider)
Nutrition supplement seller Herbalife Ltd. (NYSE:HLF)’s stock hit a 52-week high today of $62.14 a share. …Herbalife Ltd. (NYSE:HLF) is the stock that hedge fund manager Bill Ackman, who runs Pershing Square Capital, is famously short. Back in December, Ackman publicly revealed that he’s shorting $1 billion worth of Herbalife Ltd. (NYSE:HLF) stock in a 342-slide presentation. He believes the company is a pyramid scheme and that regulators, specifically the FTC, will investigate it. Herbalife Ltd. (NYSE:HLF), a multi-level marketing firm that sells weight loss shakes and vitamins, has been the centre of a huge hedge fund battle.
Carl Icahn readies a major Twitter surprise (CNBC)
Carl Icahn, the 77-year-old billionaire investor whose stock ideas move markets, is about to take to Twitter in a big way. Icahn, whose Twitter handle is @Carl_C_Icahn, will reveal his next big investment idea on the social network, according to CNBC contributor Karen Finerman, a hedge fund manager and acquaintance of the investor who spoke to him via phone today. The timing of the idea reveal is uncertain, according to their conversation. But Icahn did say it would be presented like a “treasure hunt” with clues given first, according to Finerman. Icahn did not immediately return a call for comment.
Todd Meister’s ex-assistant using kickstarter approach to raise $821,000 to pay him back (NYDailyNews)
She took his money — and now she wants yours. The sexy Ukrainian stunner who stole nearly $1 million from Nicky Hilton’s ex-husband has launched a Kickstarter-style campaign to pay off her $821,000 restitution. Renata Shamrakova, 28, was a personal assistant working for hedge fund prince Todd Meister when she used his credit cards to buy clothes, furniture, international trips and jewelry in 2011 and last year. The raven-haired beauty, who copped to grand larceny and evidence tampering on March 20, faces one to three years in prison if she can’t repay Meister.
E-Mail Management Tips From Steve Cohen (BusinessWeek)
In a 46-page document shared with employees of SAC Capital Advisors on Monday, lawyers for Steven Cohen argued that the hedge fund manager “did not even read” the 2008 e-mail regarding Dell Inc. (NASDAQ:DELL) cited by the Securities and Exchange Commission in its administrative proceeding arguing that he has been negligent in his oversight of his firm. On an average day, the report said, Cohen gets about 1,000 e-mails, and he opens just 11 percent of them. See? Billionaire hedge fund managers embroiled in years of legal trouble: They’re just like us! We all have too much e-mail, and it’s hard to know which ones to read and which ones to summarily delete, especially when some of them will make you spectacularly rich, others will get you in big trouble, and some are just notifications from Facebook Inc (NASDAQ:FB).
