Hedge Fund Highlights: Jeffrey Smith, George Soros & Eric Mindich

Page 1 of 2

Hedge fund pushes Wausau Paper to leave Wisconsin, or sell (Appleton Post Crescent)
Manhattan hedge fund that takes credit for forcing Wausau Paper Corp. (NYSE:WPP) to shut down one Wisconsin mill and sell two others now wants the company to move its headquarters out of Mosinee and possibly sell its entire operation outright. Starboard Value LP, which is Wausau Paper’s largest stockholder with 15.2 percent of shares, renewed a pattern Friday of an aggressive, public campaign to alter the papermaker that started along the banks of the Wisconsin River north of Wausau in 1899. In a scathing 10-page letter to the company’s board of directors, Starboard CEO Jeffrey Smith called Wausau Paper “deeply undervalued” and accused its executives of wasting millions of dollars in recent years trying to prop up parts of the business that were destined to fail.

Jeff Smith

Hedge fund bears take grisly view on China (Asian Investor)
Hedge fund bears are circling the China market, with sceptical managers predicting that 2014 could be the year that will see a reckoning in the world’s second-biggest economy. A mainland stock rally at the end of 2013 has failed to sustain momentum early into the new year, dampening optimism that one of last year’s worst-performing equity markets could be on a path to recovery. Industry veteran George Soros is the latest to join the choir of China bears, which also include Carson Block of Muddy Waters Research, Kyle Bass of Hayman Capital and Jim Chanos of Kynikos Associates.

Eton Park hedge fund up 22.3 percent in 2013, exits some winners (Reuters)
Eric Mindich‘s Eton Park hedge fund posted 22.3 percent returns in 2013 thanks to its holdings in collateralized debt obligations, media company Twenty-First Century Fox Inc (NASDAQ:FOX), and residential mortgage-backed securities, it told investors, adding the fund has already exited some of last year’s winning positions. But there is plenty that Mindich likes for the start of 2014 as well, saying the fund owns some mid-to-large cap stocks where some catalyst should help push prices up. This includes Sothebys (NYSE:BID), where activist hedge fund managers are pressing for an overhaul of operations, and Marathon Petroleum Corp (NYSE:MPC) as well as aerospace supplier Spirit AeroSystems Holdings, Inc. (NYSE:SPR). The fund owns all three stocks.

Another activist hedgie hovers over Morrisons (CITY A.M.)
Billionaire hedge fund boss Tom Sandell has revealed a small stake in beleaguered supermarket Morrisons, the latest activist investor to pursue an investment in the struggling chain. Sandell, who runs Sandell Asset Management, owns a tiny proportion of the firm’s shares, thought to be well below the three per cent threshold required for public disclosure. People close to the situation yesterday said that Sandell was focused primarily on forcing through changes at another of his investments FirstGroup, instead of pursuing change at Morrison’s.

The Rise Of The Hedge Fund Startup Investor (Again) (TechCrunch)
The first question I thought of when I read that San Francisco hedge fund Coatue Management was the backer behind Snapchat’s $50 million round of funding was which VC firm lost the deal. My second question was why take money from a hedge fund? Coatue isn’t the first “cross-over” fund (an investment fund that crosses over to the private from the public markets) to emerge in technology investing. Integral Capital Partners, co-founded by Roger McNamee and John Powell, was one of the first to start doing this in the nineties. Hedge fund Tiger Global has been doing it more recently, with a venture arm that has backed Warby Parker, Nextdoor, Redfin, Eventbrite and Pure Storage, among many others.

Hedge Fund Lansdowne Buys Twitter Shares, Sells UBS and Ryanair (San Francisco Chronicle)
Lansdowne Partners LLP, the biggest European hedge-fund firm that focuses on stock picking, bought Twitter Inc (NYSE:TWTR) shares in the fourth quarter while selling its holdings in UBS AG (US listing) (NYSE:UBS) and Ryanair Holdings plc (ADR) (NASDAQ:RYAAY). The firm sees an “immense” opportunity for the microblogging service “and discussions with potential advertisers give us decent comfort that more of it will materialize than the market expects,” according to a letter to investors obtained by Bloomberg News. A spokesman for the London-based firm, which manages $17.5 billion, declined to comment.

Short sellers slammed by hedge fund collapse (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

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

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!