Hedge Fund Highlights: Warren Buffett, Wilbur Ross & Bridgewater Associates

Page 1 of 2

Berkshire’s Combs, Weschler to Reap Gains With DirecTV (Bloomberg)
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) is one of the biggest beneficiaries of DIRECTV (NASDAQ:DTV)’s rally, thanks to a stake built by his deputy stock pickers, Todd Combs and Ted Weschler, at about half the current price. Berkshire had about 36.5 million shares in the satellite-TV provider as of Dec. 31, a filing shows. DirecTV has gained 25 percent this year to $86.08. AT&T Inc. (NYSE:T) is in advanced talks to buy DirecTV for about $50 billion, according to people familiar with the matter. Berkshire’s cumulative gain on the holding is more than $1 billion.

Berkshire Hathaway

Bridgewater Largest Hedge Fund For Fourth Straight Year (FINalternatives)
Bridgewater Associates and JPMorgan Chase remain the world’s largest hedge fund managers, as investors continue to flock to such firms. Westport, Conn.-based Bridgewater earned the top spot on Alpha magazine’s annual Hedge Fund 100 ranking of the world’s top hedge funds, with $87.1 billion. JPMorgan Asset Management, which includes Highbridge Capital Management, remains a distant second at $59 billion. Brevan Howard Asset Management retained third place with $40 billion, unchanged from last year. Och-Ziff Capital Management and BlueCrest Capital Management swapped fourth and fifth place, the former with $36.1 billion and the latter $32.6 billion.

Billionaire Wilbur Ross joins the market move back to SPACs (Quartz)
Billionaire Wilbur Ross has launched a special investment vehicle, which had been popular just before the financial crisis gripped the markets, to make opportunistic acquisitions. The prominent investor, who carved out a reputation restructuring troubled companies in the ’80s and ’90s and then launched his own private equity firm 14 years ago, has submitted a filing with the Securities and Exchange Commission to form a so-called special purpose acquisition corporation (or SPAC). The deal marks Ross’s first SPAC, sources familiar with the matter say.

Highbridge Capital Continues Hiring Spree in London (New York Times)
The hedge fund Highbridge Capital Management, which sees big opportunities in Europe and is on a hiring spree to make inroads there, has just scooped up two portfolio managers. Juan Lamo de Espinosa left York Capital Management two weeks ago to join Highbridge’s London office, where he will head up the European equities division, according to a person briefed on the matter but not authorized to discuss it publicly. He will begin in July and is expected to bring a team of three or four traders with him. Before heading up the European equities division at York Capital, Mr. Lamo de Espinosa worked for Citadel.

Lansdowne Managers To Succeed Co-Founder Heinz (FINalternatives)
Lansdowne Partners’ succession plan has taken another step, with its co-founder stepping back and its top money managers taking charge. Steven Heinz will relinquish day-to-day responsibilities at the US$13 billion firm. In his place will be Peter Davies and Stuart Roden, the managers of Lansdowne’s flagship Developed Markets Fund. With the new leadership will come a new limited liability partnership, with Davies and Roden at its head.

Big night for philanthropy at Robin Hood Gala (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

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

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

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!