Hedge Fund Highlights: Bill Ackman, Philip Falcone & Paul Singer

Page 1 of 2

Allergan Poison Pill Won’t Be Triggered by Pershing Call (Bloomberg)
Allergan, Inc. (NYSE:AGN) agreed with Pershing Square Capital Management LP that a call for a special shareholder meeting to replace part of the drugmaker’s board won’t trigger a “poison pill” takeover defense. Pershing Square, the hedge fund run by investor Bill Ackman, brought the lawsuit as part of its plan with Valeant Pharmaceuticals Intl Inc (NYSE:VRX) to take over Irvine, California-based Allergan, the maker of the Botox wrinkle treatment. Allergan has rejected Valeant’s $54.2 billion offer as inadequate.

Can hedge funds beat the market

New LightSquared Reorganization Plan Includes Cerberus (Wall Street Journal)
Philip Falcone‘s LightSquared wireless venture has a new reorganization plan tentatively in place that includes Cerberus Capital Management LP, according to a person familiar with the negotiations. In addition, the plan doesn’t include LightSquared’s largest secured lender, DISH Network Corp (NASDAQ:DISH). Chairman Charlie Ergen, according to a filing made Friday by the court-appointed mediator, U.S. Bankruptcy Judge Robert Drain. The presence of Cerberus in the negotiations comes as a surprise. Mr. Falcone, who controls most of LightSquared’s equity through his Harbinger Capital Partners hedge fund firm, had testified in bankruptcy court earlier this year that he didn’t want to work with Cerberus when he was pursuing a restructuring plan.

Hedge funds enter market in droves (Business Standard)
Hedge funds, it seems, are making a beeline to enter the Indian stock market. In the past month, big names like Brevan HowardHudson Bay Capital ManagementBalyasny Asset Management, Treeline Investment Management, Segantii Capital Management, Indus Capital and Myraid Capital Management have entered the market. These funds have participated in the qualified institutional placement of Ashok Leyland and others. Sources said the new foreign portfolio investment guidelines of the Securities and Exchange Board of India are encouraging many of these new entrants because of the lower cost involved by listing with the custodians directly.

Same-Sex Marriage Group Key in Rep. Hanna’s GOP Primary Win (Newsmax.com)
A super PAC formed by multimillionaire same-sex marriage advocate Paul Singer played a key role in helping New York Rep. Richard Hanna win his Republican primary this week over conservative state Assemblywoman Claudia Tenney. American Unity PAC, which was established in 2012, spent $500,000 on television and radio ads supporting the two-term Hanna over Tenney, who got support later in the campaign from the tea party and other conservatives, Time magazine reports. Outside groups poured as much as $700,000 into the race.

Juice Press shoots off on vegan vector with ProViotic (New York Post )
Juice Press believes its newest product line will exceed the expectations of even the city’s biggest juice snobs. The chain is pitching ProViotic, a vegan-based probiotic product line derived from bacterial strains that are said to be pristine. The bacteria is found in the European snowdrop flower grown in the mountains of Bulgaria and cultivated in fresh green juice. Michael Karsch, founder of hedge fund Karsch Capital Management and the lead investor in Juice Press, tells Side Dish he learned about it from a Bulgarian business associate.

Miami: Who’s buying it up? (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

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

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

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!