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

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

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

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!