Hedge Fund Highlights: Steven Cohen, Bruce Richards & Clint Carlson

Page 1 of 2

Colleague of SAC Leader Was Not Alerted to Trades (New York Times)
The billionaire investor Steven A. Cohen kept one of his closest associates at SAC Capital Advisors in the dark about the hedge fund’s rapid selling of a substantial stock position in two drug companies, just days before the companies reported disappointing results of a clinical trial for an Alzheimer’s drug. Chandler Bocklage, who for nearly a decade sat next to Mr. Cohen and helped the SAC founder make trades in his own multibillion-dollar account at the firm, said he learned about the big trade only after it had happened.

Steven Cohen

Hedge Fund Care to Honor Marathon Asset Management’s Bruce Richards (HedgeCo.net)
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit on Thursday March 6, 2014 from 6pm-10pm at Cipriani 42nd Street in the heart of Manhattan. The gala, the largest gathering that Hedge Funds Care/Help For Children (“HFC”) holds worldwide, will bring together 1,000 hedge fund executives to honor the work of industry luminary and active philanthropy participant, Bruce Richards, and to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut.

Carlson Capital, L.P. Boosts Stake in Exterran Holdings, Inc. (EXH) (Insider Monkey)
Carlson Capital, L.P, managed by Clint Carlson, has increased its stake in Exterran Holdings, Inc. (NYSE:EXH). The latest filing with the SEC shows that the hedge fund has increased its holding to 4,082,319 shares of the common stock from the 2,950,000 shares as disclosed in the last 13F filing. The stake represents 6.2% of the stake of the company’s common stock and is valued at $140.15 million, at the current share price of Exterran. The holding is passive by nature. Exterran Holdings, Inc provides natural gas compression services. The Company is a provider of operations, maintenance, service and equipment for oil and natural gas production, processing and transportation applications.

Peer-to-peer lender Zopa raises £15m to spread the word (Evening Standard)
Peer-to-peer lender Zopa has raised £15 million for a hedge fund to fuel expansion and raise awareness of the alternative lending industry. London-based Zopa, Europe’s largest peer-to-peer lender, has raised the sum from Arrowgrass Capital Partners, a hedge fund manager spun out of Deutsche Bank AG (USA) (NYSE:DB) by traders in 2008. Zopa lets savers lend out their money to people looking for a low cost loan. To date £455 million has been lent through the platform, with £180 million of that last year alone.

German Fin Min worried about hedge-fund risks in EU bank plans (Reuters)
German Finance Minister Wolfgang Schaeuble said on Thursday he was worried that European Commission proposals on isolating hedge fund risks do not go far enough. “I am a bit worried that the Commission’s proposals on the isolation of high-risk trades at hedge funds don’t go as far as our German rules. This is a point we must look at,” Schaeuble told the Bundestag lower house of parliament.

Bill Ackman Offers a Short-Selling Lesson (Bloomberg)
One of the timeless lessons of hedge-fund manager Bill Ackman‘s recent adventures with Herbalife Ltd. (NYSE:HLF), the nutritional-supplements distributor, is that if your reason for shorting a stock is the hope of some sort of future government crackdown, you may not have much of a catalyst. If a company is a pyramid scheme or another kind of scam, it can stay that way for a long time without the government doing anything about it, even if lots of people are begging regulators to act. As long as the scam is profitable, the company will keep making money, which is bad for anyone shorting it.

Will hedge funds prove their worth in 2014? (CNBC)

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 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

6 Ways 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

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

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!