Citrone Ups $PANL, Cohen Likes $GNC, Brown $PRS, Hawkins $KWK

Rob Citrone’s Discovery Capital Increases Stake in $PANL (InsiderMonkey)

Rob Citrone’s Discovery Capital filed Form 4s for its recent insider purchases in Universal Display Corp \PA\ (PANL). According to the Form 4 disclosures, Discovery Capital bought 150 thousand shares in PANL at $42.56 on November 3rd, and another 300 thousand shares at $44.67 on November 1st. So the firm takes approximately 5.62 million shares in PANL, giving 12.3% passive stake in the company. So far Discovery Capital has boosted its position by 84%, up from its 3.06 million shares position at the end of the second quarter. PANL realized strong uptrends in the third quarter. The stock is now trading at $49.43, representing a 62% return year to date.

SAC CAPITAL ADVISORS

Otkritie Securities Hires Ex-Hyerdale Trader Patrick D’Angelo (FINAlternatives)

Russian investment bank Otkritie Securities has hired a hedge fund trader to lead its own trading effort in New York. Patrick D’Angelo was named director of equity sales at trading in the Big Apple. He joins Otkritie on Nov. 14 from hedge fund Hyerdale Capital, EmergingMarkets.me reports. ”His knowledge and skills will help Otkritie to build upon the momentum the firm has achieved thus far, following on a very strong list of new institutional client ‘wins’ in the past two years,” Luis Saenz, CEO of Okritie’s U.S. effort, said.

Rega Tech to Launch Long/Short Equities Hedge Fund (Reuters)

Hong Kong-based Rega Technologies plans to launch a China-focused long/short equities hedge fund in January with about $40 million in initial capital from partners, friends and family, its Managing Director Kin-Leung Chan said. The firm, founded by a former Hong Kong Polytechnic University’s assistant professor of finance Dr Jie Zhang and Gang Fu, who worked at Hong Kong-based Vision Investment, received a licence from the market regulator last week.

Steve Cohen Is Bullish About $GNC (InsiderMonkey)

Steve Cohen’s SAC Capital disclosed a 4.8% stake in GNC Holdings (GNC). Steve Cohen had a minuscule amount of GNC at the end of second quarter, so this is really a brand new position for him. Steve Cohen probably paid around $24.75 for these shares at the end of November.

SEC Claims SoCal Investment Firm Western Pacific Lied About Fund (Businessweek)

The Securities and Exchange Commission on Thursday sued a San Diego-area investment advisory firm and its president with fraud, claiming the company misrepresented the liquidity of a hedge fund under its management and failed to disclose a conflict of interest to clients. Regulators contend that Western Pacific Capital Management LLC and its president, Kevin James O’Rourke, urged clients to buy stock in a private offering by Ameranth Inc. without revealing that Western Pacific would receive a 10 percent commission.

Tom Brown’s Second Curve Capital Reported for $PRS (InsiderMonkey)

Tom Brown’s Second Curve Capital reported its insider trading in Primus Guaranty Ltd (PRS) on November 10th. The Form 4 shows Second Curve Capital sold 5,000 shares at $6.14 on November 8th, and then bought 10,000 shares at $5.56 on the next day. Second Curve Capital has made several insider transactions towards PRS after the second quarter, and now the firm has approximately 5.32 million shares in PRS. Second Curve Capital reported 6.6 million PRS shares in the second quarter and approximately 5.27 million shares on September 22nd. So now the firm held about 15% activist stake in PRS, down by 20% from its position in Q2. PRS has returned about 7% in 2011, and is now priced at $5.45.

SEC Alleges Deceptive Conduct Against Hedge Fund of Ponzi Schemes And Frauds (Forbes)

A fund of hedge funds offers its investors the chance to pay high fees in return for an investment strategy that provides broad exposure to the hedge fund industry in an effort to diversify risk. But this strategy doesn’t work so well if many of the hedge funds selected for the portfolio turn out to be either Ponzi schemes or fraudulent. Chetan Kapur, a manager of a formerly $500 million fund of hedge funds, was accused on Thursday by the Securities & Exchange Commission of deceptive conduct in a civil complaint filed in federal court in Manhattan.

Mason Hawkins’ Southeastern Asset Management Reports 10.3% Passive Stake in Quicksilver (InsiderMonkey)

Mason Hawkins’ Southeastern Asset Management files on November 10th that the firm now takes 17.56 million shares in Quicksilver Resources Inc. (KWK), giving a 10.3% passive stake. According to the filing, this is a brand new opening in Southeastern Asset Management’s position, since the firm did not report any share in the stock in its last 13F. KWK experienced large slumps in the third quarter. Southeastern Asset Management might enter at about $7 when the stock dropped to its 2-year low in early October. So far KWK has lost 50%, and is trading at $7.87.

Hedge Funds Propel NC Economy (BizJournals)

The vast majority of U.S.-based hedge funds are concentrated in a few select cities and, except for Greenwich and Westport, Conn., you’d be hard-pressed to find a legitimate small town among them … that is, besides Chapel Hill. Even so, in the eyes of the hedge fund world Chapel Hill is neither a first nor second-tier player, but it’s clearly on the map with six hedge fund and hedge fund of fund operators managing roughly $13 billion in client investments.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!