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
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 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

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

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!