Hedge Fund Highlights: Bill Ackman, Michael Hintze & Starboard Value

Page 1 of 2

Ackman’s Pershing Square Said to Gain 25% in First Half (Bloomberg)
Pershing Square Capital Management LP, the hedge-fund firm run by Bill Ackman, posted a 25 percent gain in its main fund for the first six months of the year, according to a person with knowledge of the returns. The fund climbed 2.4 percent in June, said the person, who asked not to be identified because the information is private. Pershing Square is based in New York and manages $14.7 billion. The returns were reported earlier today by the Wall Street Journal.

PERSHING SQUARE

Ex-CQS veteran re-emerges at credit hedge fund (Financial News)
Paul Casey, the ex-chief investment officer for convertible bonds and fixed income at CQS, has returned to the finance sector four-and-a-half years after leaving the $12 billion-plus multi-strategy hedge fund manager, where he was part of Sir Michael Hintze’s senior team. Casey, who worked at CQS from 2000 to the end of 2009, has re-emerged as a partner at Palmerston Capital Management, a long/short credit hedge fund launched at the start of this year by Stuart Wain, former head of European credit trading at JP Morgan.

Hedge fund executive to join Wausau Paper board (Milwaukee Journal Sentinel)
In the latest shake-up at Wausau Paper Corp. (NYSE:WPP), the company announced that a partner at New York hedge fund, which already has forced a break-up of the once-massive Wisconsin paper company, will join the Wausau board of directors. The Mosinee-based papermaker has been under public pressure for over three years by Starboard Value LP, which has forced the company to close or sell all of its Wisconsin paper mills, and all its timberlands in the state.

HFR: Hedge Funds Add Just 1.77% In First Half (FINalternatives)
Hedge funds had a very uninspiring first half of the year, missing out on most of the gains enjoyed by stocks during 2014’s first six months, an industry index shows. The HFRX Global Hedge Fund Index returned just 1.77% in the first half, Hedge Fund Research said. During the same period, the Standard & Poor’s 500 Index returned better than 6%, as stocks continued to rally on the heels of last year’s impressive gains, taking many managers by surprise. And it could have been worse: Much of the index’s first-half return came just last month, when it rose 0.93%.

TPG takes stake in Asia hedge fund investor HS Group (Reuters)
Global private equity firm TPG Capital is buying a stake in Hong Kong-based hedge fund sponsor HS Group Ltd (HSG) and establishing a strategic relationship with the company, HSG said in a statement on Thursday. The deal is TPG’s first dedicated Asia hedge fund investment and signals a move to diversify its range of alternative assets in the region, pushing into a sector where rivals like Blackstone Group LP and Goldman Sachs already have a strong presence.

Private equity leverage ‘creeping up rapidly’: Pro (CNBC.com)

Page 1 of 2
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

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!