Hedge Fund Highlights: Warren Buffett, Carl Icahn & Steven A. Cohen

Page 1 of 2

Buffett Warning Unheeded as Catastrophe Bond Sales Climb (Bloomberg)
Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks. Demand for notes linked to insurance against hurricanes and other natural disasters is prompting investors to accept the lowest relative yields in almost a decade for this time of the year, when the Atlantic storm season gets underway. Buyers are speculating that the $22 billion market can continue its streak without an annual loss even as Warren Buffett said last week that Berkshire Hathaway Inc. (NYSE:BRK.B) is avoiding writing hurricane insurance in Florida because premiums have been pushed too low.

Berkshire Hathaway

Carl Icahn Buys Into Family Dollar (Wall Street Journal)
Investor Carl Icahn has probably purchased only one thing at Family Dollar Stores, Inc. (NYSE:FDO): its stock. Unfortunately, he’s overlooking many other values at the Matthews, N.C.-based discount retailer. For $3.75, he could buy himself a can of Raid. For just $1, there’s Bazooka bubble gum. For $25, there’s the blowup Tropical Sun Pirate Pool. Mr. Icahn may not feel that he belongs in the pirate pool. He’s not a raider. He’s an activist shareholder. How about a box of Cap’n Crunch for $3? Cap’n Crunch isn’t a pirate, either. He sugarcoats it, too.

Hedge fund Pine River soft closes multi-strategy fund (Opalesque)
Minnesota-based Pine River Capital Management, the $15bn hedge fund firm founded by Brian Taylor, is soft closes its $4.5vn multi-strategy Pine River Fund as it shuns new money because of “challenging environment” for the industry. In a report, the Financial Times said Pine River joins an expanding list of hedge funds that are returning money to investors or closing their funds to new money.

Boston’s AMG near deal to buy D.E. Shaw-stake (MarketWatch)
A Boston investment firm is nearing a deal to buy a stake in hedge-fund giant D.E. Shaw Group for more than $500 million from the estate of Lehman Brothers Holdings Inc., according to a person familiar with the matter. Affiliated Managers Group, Inc. (NYSE:AMG) has bid for the 20% stake in a deal that would value D.E. Shaw at more than $2 billion. An agreement in principle has been reached but a final deal isn’t imminent and could still fall apart, according to people familiar with the matter.

Cohen, Aarons Descend on Art World’s Davos as Fair Opens (Bloomberg)
Steven A. Cohen and Philip Aarons were among Wall Street investors, billionaire collectors and art advisers with VIP access to the world’s largest modern and contemporary-art fair in Switzerland. The stampede began yesterday at Art Basel, when a section of the fair populated with oversized sculptures and sprawling installations opened to “first-choice” VIPs. Hundreds of people mingled on the plaza outside the exhibition hall drinking champagne. The tiered opening continues today and tomorrow, and the show opens to the general public on June 19.

Argentina’s debt battle (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 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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!