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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!