Hedge Fund Highlights: Tom Steyer, Ken Griffin & Mariner Investment Group

Page 1 of 2

Billionaire Steyer picks fights with Kochs, Rubio in climate change push (CNBC.com)
Tom Steyer has picked a lot a fights recently. The billionaire former hedge fund manager has continued his high-profile campaign against climate change this year, using his NextGen Climate group to create attack ads targeting conservative industrialists Charles and David Koch, Republican Sen. Marco Rubio, and Terri Lynn Land, the GOP Senate candidate in Michigan. Steyer continued his digs at the Koch brothers–prominent supporters of conservative politicians–by challenging them to a debate on climate change and energy policy.

FARALLON CAPITAL

Citadel Marks First Global Hedge Fund to Raise Fund in China (Bloomberg)
Citadel LLC, led by billionaire Ken Griffin, became the first international hedge fund to complete yuan fundraising from Chinese wealthy individuals and companies through a local unit. Citadel (Shanghai) Foreign Investment won regulatory approval for currency exchange on March 26, marking the first qualified domestic limited partner, or QDLP, to have successfully completed fundraising in China, according to a statement from the Shanghai government’s information office.

Hedge Fund Mariner Hires Bowens for Rates as Banks Diverge (1) (Businessweek)
Mariner Investment Group LLC, the $11 billion hedge-fund firm, hired Marx Bowens from CRT Capital Group LLC to trade interest rates anticipating a divergence in global central bank policies. Bowens, 44, joined New York-based Mariner this month as a money manager focusing on rates strategies as part of its Silvermine team, according to co-chief investment officer Basil Williams. The unit manages $500 million and invests in sovereign debt, interest-rate derivatives and foreign exchange.

Hedge fund exit requests rise to five month high in May (Reuters)
Demand to pull out money from hedge funds rose to five month high in May as investors looked to adjust their portfolios ahead of the mid-year point. The SS&C GlobeOp Forward Redemption Indicator, a monthly snapshot of hedge fund clients giving notice to withdraw their cash expressed as a percentage of assets under administration, rose to 4.32 percent in May from 3.23 percent in April and the highest since December last year.

Hedge Fund Magnetar Sues McKesson Over Celesio Deal (Wall Street Journal)
Hedge fund Magnetar Financial LLC on Wednesday filed a lawsuit against McKesson Corporation (NYSE:MCK) alleging that the U.S. drug retailer breached German law in its takeover of German rival Celesio AG earlier this year, according to documents reviewed by The Wall Street Journal. Magnetar accuses McKesson of offering a higher price to one large Celesio shareholder, Elliott Management Corp. McKesson officials weren’t immediately available to comment. An Elliott official declined to comment on the lawsuit.

When Alibaba may go public (CNBC.com)

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!