Hedge Funds Stung By Longtop Financial Technologies

Insider Monkey tracks 300+ hedge funds and we will be sharing our hedge fund holdings data later this week with our readers. Our readers will be able to see each fund’s position in a given stock. Today’s hot topic is the accounting irregularities at Longtop Financial Technologies (LFT). Here are the hedge funds that had invested in LFT at the end of March:

1. Lee Ainslie – Maverick Capital: $177 Million

2. Chase Coleman – Tiger Global Management: $81 Million

3. John Hurley – Cavalry Asset Management: $40 Million

4. Panayotis Sparaggis – Alkeon Capital Management: $32 Million

5. Robert Pitts – Steadfast Capital: $29 Million

6. Brookside Capital : $27 Million

7. Phill Gross – Adage Capital: $23 Million

8. David Blood, Miguel Nogales, and Al Gore – Generation Investment Management: $23 Million

9. Mark Kingdon – Kingdon Capital: $14 Million

10. Steven Cohen – SAC Capital: $12 Million

11. Jim Simons – Renaissance: $11 Million

12. John Burbank – Passport Capital: $9 Million

There are some hedge fund managers who avoided the disaster by selling their entire stake in LFT during the first quarter. Stephen Mandel got rid of his $76 Million stake and Eric Mindich sold his $72 Million stake in LFT.