Hedge Fund Highlights: George Soros, Warren Buffett & Ralph Whitworth

Page 1 of 2

Paulson holds onto gold ETF, Soros adds gold miners in first-quarter (Reuters)
Hedge fund Paulson & Co in Q1 maintained its stake in SPDR Gold Trust (ETF) (NYSEARCA:GLD), the world’s biggest gold-backed exchange-traded fund as bullion prices rebounded from their biggest annual loss in 32 years in 2013, while PIMCO dissolved its gold ETF investment. George Soros raised his stake in Barrick Gold Corporation (USA) (NYSE:ABX) and gold mining companies ETFs, suggesting the big names in hedge funds took advantage of lower gold prices to increase positions in the precious metal used by many as a hedge.

George Soros

Berkshire Trims GM Stake While Einhorn Exits Amid Recalls (Bloomberg)
Warren Buffett’s Berkshire Hathaway Inc. cut its stake in General Motors Company (NYSE:GM) in the first quarter and some hedge funds including Greenlight Capital Inc. exited completely as the carmaker recalled a record number of vehicles. Berkshire reduced its GM holdings by 25 percent during the three-month period to 30 million shares, the Omaha, Nebraska-based company said in a regulatory filing. Greenlight, run by David Einhorn, liquidated about 17 million shares worth about $697 million as of March 31, according to a filing.

NBA owners approve sale of Bucks (ESPN)
The NBA’s board of governors unanimously approved the sale Thursday of the Milwaukee Bucks to New York investment firm executives Wesley Edens and Marc Lasry, bringing the forlorn franchise one step closer to starting a new era. Former U.S. senator Herb Kohl reached agreement with them last month for a price tag of about $550 million after they pledged to keep the team in Milwaukee. The NBA said Thursday in a statement that the transaction is expected to close shortly.

Kovner, Odey Among BofA Buyers Before Stress-Test Error (Businessweek)
Caxton Associates LP and Crispin Odey’s hedge fund were among buyers of Bank of America Corp (NYSE:BAC) shares in the first quarter before the lender halted its capital plan and sparked a 15 percent stock plunge. Caxton, the hedge fund founded in 1983 by Bruce Kovner, bought 2.5 million shares of the Charlotte, North Carolina-based bank in the first quarter, according to a filing yesterday. Odey Asset Management Group Ltd. purchased 5.3 million shares. George Soros was among investors selling the stock.

Marshall Wace to IPO Peer-to-Peer Lending Fund in London (Wall Street Journal)
Marshall Wace LLP, one of Europe’s largest hedge funds, is to float an investment trust on the London Stock Exchange that will invest in peer-to peer loans. P2P Global Investments PLC, which will have Marshall Wace as its investment manager, said Friday it plans to raise £200 million ($335.8 million) in an initial public offering, which could be increased to £230 million.

Whitworth Buys 3.5% Holding in B/E Aerospace Amid Review (Bloomberg)
Relational Investors LLC, the activist fund co-founded by Ralph Whitworth and David Batchelder, disclosed a stake of about 3.5 percent in B/E Aerospace Inc (NASDAQ:BEAV) as the maker of aircraft seats conducts a strategic review. The firm started buying the shares in February and began talks with B/E management shortly therafter, according to a person familiar with the matter. San Diego-based Relational, which manages about $6 billion, disclosed the stake yesterday in a regulatory filing.

Q1 13F round up: Berkshire, Third Point & more (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!