Hedge Fund Highlights: Carl Icahn, John Paulson & Sprott Asset Management

Page 1 of 2

Icahn and Ackman Publicly End Feud With an Embrace (New York Times)
A dispute between two billionaire investors, Carl C. Icahn and William A. Ackman, ended with a phone call a few weeks ago and, on Wednesday, a public embrace. Mr. Ackman called Mr. Icahn’s office and told his assistant, “Tell Carl I’m calling to forgive him,” Mr. Ackman told an audience of the hedge fund faithful on Wednesday at the CNBC Delivering Alpha Conference at the Pierre Hotel in Manhattan. The two investors, who last spoke together publicly more than a year ago in a confrontation that ended with Mr. Icahn calling Mr. Ackman a “crybaby in the schoolyard,” met for an intimate chat on stage.

ICAHN CAPITAL Carl Icahn

Capital Innovations To Sub-Advise Sprott Real Asset Fund (FINalternatives)
Toronto, ON-based Sprott Asset Management has launched a fourth alternative mutual fund sub-advised by Wisconsin-based Capital Innovations. The Sprott Real Asset Class fund will give investors exposure to the infrastructure, timber and agriculture sectors. It joins the Sprott Global Infrastructure Fund, the Sprott Timber Fund and the Sprott Global Agriculture Fund, all managed by Capital Innovations’ Michael Underhill and Susan Dambekaln.

Hedge fund manager Paulson calls Valeant a ‘serious acquirer’ (Reuters)
Billionaire investor John Paulson on Wednesday called Valeant Pharmaceuticals Intl Inc (NYSE:VRX) a “very serious acquirer” and predicted that Allergan, Inc. (NYSE:AGN) cannot rebuff the drug maker on its own. Paulson, whose hedge fund Paulson & Co holds a roughly $1 billion stake, or 6 million shares, in Allergan, threw his weight behind Valeant’s bid to buy the Botox maker on Wednesday at the CNBC Institutional Investor Delivering Alpha Conference.

An Obscure Hedge Fund Has Mapped Out A Recovery Plan For American Apparel (Business Insider Australia)
Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that have potential even though they may be bogged down by debt and are undergoing an event such as bankruptcy. Standard General has not always succeeded — consider its passive investment in RadioShack Corporation (NYSE:RSH)’s stock, which has fallen about 69 per cent this year. But it has a track record of turning positions in distressed companies into board seats and eventual profitability.

Cliffs Natural Resources: Board Battle Just Got Interesting (Barron’s)
It’s proxy vote time in the battle between Cliffs Natural Resources Inc (NYSE:CLF) and Casablanca Capital–and Casablanca just scored a big victory in trying to unseat Cliffs board. Last night, Casablanca Capital said that two leading proxy advisory firms–ISS and Glass Lewis–recommended that shareholders vote for its board nominees. Credit Suisse analysts Nathan Littlewood and Gayle Podurgiel explain the impact…

John Paulson: The single best investment you can make (CNBC.com)

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!