Hedge Fund Highlights: Stephen Mandel, George Soros & Philip Falcone

Page 1 of 2

Mandel Tops Best-Earning Hedge Funds for Clients in 2013 (Bloomberg)
Stephen Mandel of Lone Pine Capital LLC made hedge-fund investors the most money for the second straight year in 2013. O. Andreas Halvorsen, who runs Viking Global Investors LP, and Appaloosa Management LP’s David Tepper ranked second and third in a study published today by LCH Investments NV in London. Mandel earned an estimated $5.2 billion for clients last year, Halvorsen made them $4.5 billion and Tepper $4.2 billion. The firms benefited from winning bets on companies such as Priceline.com Inc (NASDAQ:PCLN)The Goodyear Tire & Rubber Company (NASDAQ:GT) and Delta Air Lines, Inc. (NYSE:DAL) that outperformed U.S. stock market indexes, regulatory filings show.

LONE PINE CAPITAL

Soros’s hedge fund back on top (The Australian Financial Review)
George Soros’s Quantum Endowment fund has reclaimed the top spot as the world’s highest-earning hedge fund of all time, adding $US5.5 billion ($6.14 billion) to the US billionaire investor’s fortune. Mr Soros is famous for taking leveraged positions in currencies, interest rates, commodities and soverign debt, based on potential macro events and in 2013, it’s understood that he declared gold was in a bubble and he played his cards well. Most recently, Mr Soros turned his focus to China and warned that the world’s second largest economy was on a dangerous path in terms of the rate of credit growth and leverage.

Harbinger Gets Independent Monitor (FINalternatives)
A private-equity manager will oversee Harbinger Capital Management during firm founder Philip Falcone‘s five-year ban from acting as a hedge-fund manager. Jim Dunning, who leads Dunning Group, was chosen from five candidates by the Securities and Exchange Commission, whose settlement last year with Falcone called for an independent monitor. Falcone is barred from managing Harbinger’s hedge funds, but is permitted to participate in the sale of assets to cover investor redemptions.

US hedge fund Libra Advisers buys 7.2% stake in Rubicon for $12m (National Business Review)
US hedge fund Libra Advisors will take a $12 million stake in Rubicon in a private placement to shore up the company’s funding position and support its future commitments to forestry biotech firm ArborGen. The New York-based investor will buy 29.3 million shares at 41.29 cents per share, the volume weighted average price over the last 10 trading days, Rubicon said in a statement. The deal will settle at the close of trading on Wednesday, giving Libra a 7.2 percent holding. The shares were unchanged at 40 cents, having dropped 4.8 percent on Friday, and have gained 5.6 percent this year.

Chanos’s Kynikos Opportunity Fund Lost 14% in 2013 (Wall Street Journal)
A boom year for many global markets produced losses for one famously pessimistic hedge-fund manager. James Chanos‘s Kynikos Opportunity Fund fell 14% last year, the largest decline in at least a decade, according to a document detailing fund performance. That was the second consecutive year of losses for that fund, which dropped less than 1% in 2012. The S&P 500 gained 32% last year, including dividends, which meant challenging conditions for many so-called short sellers, who bet against stocks. Most hedge funds, including the Kynikos Opportunity Fund, can bet on rising markets and also profit from falling ones.

Govt. has to get Steve Cohen: Zamansky (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

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

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

Top 6 Cities For The Ultra Rich to Live in Comfort

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

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!