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

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!