Bill Ackman on Carried Income Tax, $JCP, $CP, and Charity Event
Pershing Square’s Bill Ackman was on CNBC’s Squawk Box this morning (see the video here). Ackman Discussed Taxes Ackman also discussed taxes......(read more)
The Smart Set
George Soros on the Economy – ‘I am not here to cheer you up’
George Soros is a financial celebrity. In spite of having nothing more to do with the world’s financial markets than his investments made as Soros......(read more)
Icahn, Tepper and Beal Bet on LightSquared’s Collapse
“Billionaire Carl Icahn has purchased debt from Philip Falcone’s LightSquared Inc.’s bondholders as the satellite-broadband-service provider......(read more)
European Hedge Funds Bet on China Downturn
“European hedge fund managers are betting that China’s once red hot economic growth will cool dramatically in 2012, hitting companies, economies......(read more)
Could Obama Be Losing Hedge Fund Support?
“Wall Street Democrats aren’t especially happy with the words coming out of Barack Obama’s mouth, but most of them are biting their......(read more)
Is Todd Combs Better Than Warren Buffett?
Todd Combs, the apprentice portfolio manager Warren Buffett hired at Berkshire Hathaway in 2010, seems to be following in the “Sage of Omaha’......(read more)
Gold: Was Paulson Right to Sell or Soros to Buy?
George Soros was a major buyer of SPDR Gold Trust (GLD) in late 2011. He increased his position in GLD by +13% during the third quarter. Soros also initiated......(read more)
George Soros to Open Myanmar Base for His Philanthropic Work
George Soros, the billionaire investor, “has agreed to set up an official base for his philanthropic work in Myanmar after meetings with the country......(read more)
Ackman Strikes Back at CP Rail Execs
Bill Ackman struck back at Canadian Pacific Railway (CP) after the company bashed him over alleged leaks yesterday, writes the Wall Street Journal. &#......(read more)
Falcone’s LightSquared Hires Montagner as New CFO
Phil Falcone‘s troubled wireless venture, LightSquared, is getting a new CFO, reports FINAlternatives. The company announced that Marc Montagner......(read more)
Dalio’s Bridgewater Associates Bearish on Economy
Ray Dalio’s Bridgewater Associates has made a fortune by remaining bearish on the economy. “As the new year rings in, the hedge fund firm......(read more)
CP Rail $CP Bashes Pershing Square’s Ackman Over Alleged Leaks
Bill Ackman’s Pershing Square is one of the leading activist funds in the world, meaning that it invests in companies that are undervalued and works......(read more)
Hedge Funds Increase Bets Against Euro to Record High
Hedge funds may have been hit hard by the market volatility triggered by the European sovereign debt crisis, with hedge funds going out of business at......(read more)
Lansdowne’s Ruddock Knighted for Philanthropy
Hedge fund manager Paul Ruddock, co-founder and chief executive of Lansdowne Partners was “knighted in the New Year’s honours list for his philanthropy......(read more)
Lampert’s ESL Investments Cashes In Portion of Autozone $AZO Stake
Eddie Lampert’s ESL Investments has long held Autozone (AZO) as a major part of its portfolio. The fund ended the second quarter of 2008 with 22......(read more)
Something Fishy in Hedge Fund Filings? New Research Suggests So
Hedge fund filings have always been questioned but new research suggests they may not stand up to closer scrutiny. “For years, finance experts have......(read more)
Shares in Diamond Foods $DMND Up on Rumors of Einhorn Involvement
Diamond Foods, Inc. (DMND) rose 7.2% yesterday “after CNBC reported that hedge fund manager David Einhorn may have taken a stake in the snack maker......(read more)
John Paulson’s Year a Little Worse After Poor December Returns
John Paulson just can’t seem to catch a break lately. He overcorrected his positions in October after reporting year-to-date losses of 47% through......(read more)
Hedge Funds Bullish on Gold Miners Despite Poor Returns to Date
Gold investment in 2011 has been one of the most profitable ventures seen this year – investment in gold miners, not so much. “Gold is up 12%......(read more)
SAC Capital’s Steve Cohen Rumored to be Bidding for LA Dodgers
Steve Cohen, founder and manager of the prominent SAC Capital Advisors, rumored to be “bidding for the Los Angeles Dodgers,” reports Bloomberg......(read more)
Seth Klarman Talks to Charlie Rose About Value Investing
Seth Klarman, founder and manager of the Baupost Group, was recently interviewed by Charlie Rose. Klarman offers very few interviews, but when he does......(read more)
Paulson Grows Bullish on American Capital $ACAS
On December 22, 2011, John Paulson reduced his stake in American Capital, Ltd (ACAS) by 6.15%, bringing his total shares in the company to just under......(read more)
Hedge Fund Strategy Makes Major Difference in Performance
Hedge funds may have had a rough time of things lately – the average hedge fund was down 4% year-to-date through the end of November – but the losses......(read more)
10 Best Stocks For 2012 By Merrill Lynch
Earlier this month Bank of America/Merrill Lynch (BAC) strategist Savita Subramanian prepared a list of Merrill Lynch’s 10 favorite stocks for 2012.......(read more)
Hedge Funds Look to North Korean Bonds
Hedge fund managers are always on the lookout for investment opportunities, and now is no different. “Saturday’s death of North Korean leader......(read more)
