Hedge Fund Highlights: John Paulson, Ray Dalio, Apple Inc. (AAPL)

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Lehman Pushes For Hedge Fund’s Docs On $600M Claim (Law360)
Lehman Brothers Holdings Inc. on Thursday urged a New York bankruptcy judge to force a hedge fund that it says bought a $300 million claim from Giants Stadium LLC to cough up documents showing how the claim was later raised to $600 million. Baupost Group LLC asked the court to quash the subpoena Lehman issued for the documents, but Lehman contends that the fund has provided no adequate reason for refusing to comply.

Texas hedge fund turning up the heat on Springfield bank’s board in advance of annual meeting (Boston Business Journal)
Candidates nominated by a Texas hedge fund for positions on Springfield-based Hampden Bancorp, Inc. (NASDAQ:HBNK)’s board deserve the seats more than some incumbents, a hedge fund manager is claiming, and they’ve also got the bank’s top executives’ pay in their crosshairs. In a letter to stockholders, Johnny Guerry, managing partner of hedge fund Clover Partners, asks stockholders to consider voting for him and Garold Base, former CEO of Dallas-based Viewpoint Bank, at the bank company’s upcoming annual meeting.

Perella Weinberg shuts health care funds as others cash in (CNBC.com)
Perella Weinberg Partners has shut a health care investment strategy following years of tepid returns—even as other hedge funds in the sector have recently notched big gains. The Perella Weinberg Partners Tōkum Fund, a hedge fund that invested in the stocks of medical and pharmaceutical companies, is being liquidated, according to two people familiar with the situation. The $10.1 billion New York-based hedge and private equity fund manager is also killing the related European public vehicle it had set up in partnership with Morgan Stanley, the MS Perella Weinberg Partners Tōkum Long/Short Healthcare UCITS Fund.

Centerbridge Exec. Loses Bidding War For Strip Of Hamptons Land (FINalternatives)
Centerbridge Partners’ Kyle Cruz just wanted a path to the sea for his Hamptons getaway. His neighbor, fellow financier Marc Helie, wanted to deny him it more. Helie in May bid $120,000 for a one-foot-wide strip of land in Napeague, N.Y., besting Cruz’s final offer of $115,000. The final offer—expected to be accepted by the Suffolk County Legislature next week—is especially impressive given that the county hoped to unload the 1,885-foot-long parcel for just $10, and opened the bidding at $1,500 when Cruz and Helie both expressed interest.


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