Editor’s Note: Related Tickers: Baidu.com, Inc. (ADR) (NASDAQ:BIDU), Micron Technology, Inc. (NASDAQ:MU), Yelp Inc (NYSE:YELP), Google Inc (NASDAQ:GOOG), Hexcel Corporation (NYSE:HXL), Yum! Brands, Inc. (NYSE:YUM), New Oriental Education & Tech Grp (ADR) (NYSE:EDU), Facebook Inc (NASDAQ:FB), SINA Corp (NASDAQ:SINA), Apple Inc. (NASDAQ:AAPL), Sprint Nextel Corporation (NYSE:S), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), SYSCO Corporation (NYSE:SYY), Microsoft Corporation (NASDAQ:MSFT), Johnson & Johnson (NYSE:JNJ), Infinity Pharmaceuticals Inc. (NASDAQ:INFI), FairPoint Communications Inc (NASDAQ:FRP), Berkshire Hathaway Inc. (NYSE:BRK.B)
Buffett Mocking Gold Sidesteps Slump As He Bets on Stocks (Bloomberg)
British hedge fund manager, William Browder, is a wanted man in Russia (The Independent)
Russian prosecutors have asked a court to issue an international arrest warrant for William Browder, the millionaire British hedge fund manager who has become a major thorn in the Kremlin’s side over his criticism and exposés of official corruption. Investigators in Moscow have charged Mr Browder, the founder of Hermitage Capital Management, with tax evasion in a case which human rights groups have largely dismissed as political. His co-accused is Sergei Magnitsky, the whistleblowing lawyer who died in police custody.
Hedge Fund Joho Capital Buys Baidu, Micron Technology, Yelp, Sells Yum Brands, New Oriental Education, Facebook (Forbes)
Hedge fund Joho Capital was founded by Robert Karr. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson. Robert Karr tends to hold very concentrated positions in the area of new technologies. His stock picks performed the best among our gurus, according to the Scoreboard of Gurus. Robert Karr buys Baidu.com, Inc. (ADR) (NASDAQ:BIDU), Micron Technology, Inc. (NASDAQ:MU), Yelp Inc (NYSE:YELP), Google Inc (NASDAQ:GOOG), Hexcel Corporation (NYSE:HXL), sells Yum! Brands, Inc. (NYSE:YUM), New Oriental Education & Tech Grp (ADR) (NYSE:EDU), Facebook Inc (NASDAQ:FB), SINA Corp (NASDAQ:SINA) during the 3-months ended 03/31/2013, according to the most recent filings of his investment company, Joho Capital. As of 03/31/2013, Joho Capital owns 14 stocks with a total value of $902 million.
SEC hedge fund ad rule no closer to finalization (MarketWatch)
A Securities and Exchange Commission proposal that would relax decades-old rules that have kept hedge funds, private equity funds and small businesses from advertising when seeking to raise capital doesn’t appear to be close to finalization. That’s the take away from an exchange between Rep. Patrick McHenry, Republican of North Carolina, and SEC Commissioner Elisse Walter Wednesday afternoon in a hearing of a House Financial Services subcommittee. The agency continues to be at loggerheads over how to allow public advertising by these firms in a way that would genuinely result in a significant hike in capital formation rather than drive a raft of fraud over the Internet.
Microsoft Corporation (MSFT), Johnson & Johnson (JNJ) Among The 3 Highest-Yielding Stocks In this Fund (Insider Monkey)
Donald Yacktman, the President and Co-Chief Investment Officer of Yacktman Asset Management, is managing around $17 billion in total assets. Over the past ten years, his Yacktman Fund has achieved…
