Hedge Fund Highlights: Chase Coleman, Daniel Loeb & David Tepper

Page 1 of 2

Chase Coleman’s Tiger Global Exits Yahoo, Amazon Last Quarter (Bloomberg)
Tiger Global Management LLC, the $14 billion investment firm run by Chase Coleman, increased its stakes in industrial companies last quarter and reduced holdings of technology firms. Tiger bought 3.9 million shares of car-rental company Avis Budget Group Inc. (NASDAQ:CAR), which had a market value of $190 million as of March 31, according to a filing with the U.S. Securities and Exchange Commission today, and 1.64 million shares of real-estate data firm Zillow Inc (NASDAQ:Z) worth $144 million. The New York-based firm exited its stakes in Yahoo! Inc. (NASDAQ:YHOO), Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX).

TIGER GLOBAL MANAGEMENT LLCThird Point Adds New Stakes in American Airlines, Anheuser-Busch (Wall Street Journal)
Daniel Loeb’s hedge-fund Third Point LLC added sizeable new stakes in companies including American Airlines Group Inc (NASDAQ:AAL), Anheuser Busch Inbev SA (ADR) (NYSE:BUD) and Verizon Communications Inc. (NYSE:VZ), according to a regulatory filing Thursday. The hedge-fund manager, who recently settled a seven-month-long battle with art auction house Sothebys (NYSE:BID), disclosed he held at the end of March 2.7 million shares of American Airlines, 1.4 million shares of Anheuser-Busch and 3.5 million shares of Verizon worth about $166 million.

The rise of David Tepper (MarketWatch)
David Tepper is arguably the most influential “smart-money” voice in the markets right now. While hedge funds have persistently underperformed the market of late, there are at least a handful of talented money managers with some undeniably jaw-dropping track records. Tepper is in that category. SkyBridge Capital’s Anthony Scaramucci, the host of the SALT hedge fund conference in Las Vegas, says that $1 million invested with Tepper’s Appaloosa Management when it was founded 20 years ago would be worth $149 million now, net of fees. Tepper’s public pronouncements remain rare.

Billionaire Democrat Sets Eye on Senate Races (New York Times)
Tom Steyer, the billionaire climate activist, recently contributed $5 million to a “super PAC” dedicated to keeping Democrats in control of the United States Senate, cementing his alliance with the party as the 2014 campaign swings into high gear. Mr. Steyer, a retired hedge fund manager, has used some of his fortune in an effort to make climate change a more potent political issue in pivotal states like Florida, Iowa and Virginia. He is planning to raise $100 million to run campaigns on climate issues, including efforts to persuade lawmakers and the Obama administration to block the proposed Keystone XL pipeline.

Hedge funds haunted by deflation spectre (Financial Times)
There was an incongruity to the warnings of European deflation and grindingly disappointing US growth that were sounded from the stage at the SALT conference, when the evenings were spent at lavish poolside parties, replete with masked ball-style costumes, fire-eaters and a revival performance by Lenny Kravitz. One would have worried about the cognitive dissonance, if one’s cognition were not made fuzzy by the delicious cocktails. The invite-only event is a name-dropper’s paradise, where 1,800 attendees from hedge funds rubbed shoulders last week with the titans of their industry, while Tony Blair added political gravitas and Kevin Spacey and Francis Ford Coppola brought Hollywood glitz.

Verizon rises on hedge fund bets (CNBC.com)

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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

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

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

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!