Level 3 Communications Inc (LVLT)

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With around $35 billion in assets under management (AUM) (as of 2014), the Tennessee-based Southeastern Asset Management is considered one of the largest hedge funds on the Street.

The market has been volatile due to elections and the potential of another Federal Reserve rate increase.

Longleaf Partners Funds, the suite of funds managed by billionaire Mason Hawkins' Southeastern Asset Management, recently released its shareholder letter for the third quarter of 2016.

Markets are trading in positive territory amid higher oil prices and following the Fed's decision to postpone the interest rate hike.

U.S stocks are mixed in Wednesday trading, as investors await the Fed’s decision on monetary policy. Among the stocks posting large moves in both directions today are Akamai Technologies, Inc.

U.S stocks started 2016 with a painful correction, with the S&P 500 having fallen by more than 11% during the first six weeks of the year.

Founded in 1975 Mason Hawkins' Southeastern Asset Management employs in-house research to pick value stocks based on its fundamentals and quantitative analysis driven approach.

Soros Fund Management is probably one of the best known investment firms in the world.