Hedge Fund News: Barry Rosenstein, George Soros, Tesla Motors Inc (TSLA)

Page 1 of 2

JANA PARTNERSJANA shakes up marketing team (HedgeFundIntelligence)
JANA Partners, Barry Rosenstein‘s resurgent event driven firm, has a new head of marketing and investor relations. Former FrontPoint Partners marketing and IR head Jordan Gershuny was hired this month to lead JANA’s new client advisory group, which combines the New York City shop’s sales, marketing and IR functions. Michelle Russell Johnson, the director of marketing since May 2011, recently departed to…

Finance: The Great Greek Gamble (CNBC)
In Quentin Tarantino’s film Reservoir Dogs, Mr Pink gets away with the diamonds. His co-conspirators are left bloodied and dying. When he was starting out as a hedge fund manager in the 1990s, Daniel Seth Loeb used to stalk investing chatrooms and message boards with an online persona: Mr Pink. Mr Loeb has always evaded questions on the nom de plume, but it stuck as a nickname. And he appears to be living up to it. This week the 51-year-old, now one of Wall Street’s most successful investors, scooped up a $500 million windfall for his clients in a bond buyback deal with the Greek government.

Top UK equity trader to leave Soros (FT)
One of the UK’s top equity traders is leaving Soros Fund Management, the hedge fund founded by billionaire George Soros. Robert Donald, who headed up investments in European equities as a portfolio manager from SFM’s London office, is to leave at the end of the year. A spokesperson for Soros declined to comment on the move. Mr Donald, who specialises in trading industrial companies and basic materials, is widely regarded as one of the leading equity traders in the UK. He joined Soros in 2009, when his departure from GLG Partners prompted concerns that the firm might suffer outflows as it did when its head of emerging markets, Greg Coffey, left in a high-profile move to rival Moore Capital in 2008.

Brevan Howard Paid Partners 270 Million Pounds Last Year (SFGate)
Brevan Howard Asset Management LLP paid its partners as much as 269.8 million pounds ($436 million) in the 12 months ended in March, more than double the amount it paid them a year earlier, after the hedge fund’s investment performance beat rivals. The highest-paid partner, who wasn’t identified, got 78.9 million pounds, up from 64.8 million pounds in the year earlier, according to a filing by the London-based fund posted Dec. 22 on the U.K. Companies House website. Brevan Howard had 49 designated members during the period, meaning each partner received an average pay of as much as 5.5 million pounds, the filing showed.

A fascination of Wall Street, and investigators (Business-Standard)
You want the headquarters of Steven A Cohen, one of the most successful financial speculators of our time, to look like Dr Evil’s secret lair. But it is just another office-park building, a low-slung affair of tinted glass and red brick, on the southern fringes of Stamford, Conn. From the outside, there’s nothing particularly special about this address, 72 Cummings Point Road. But inside — well, everyone on Wall Street has heard the stories. Some of them are even true. We are, after all, talking about the man known on the Street as “Stevie” — hedge fund magnate, multibillionaire, prodigious art collector and, of late, person of intense interest to federal authorities. Inside his offices, vast fortunes are won and lost. Careers are made and unmade. Type-A egos are inflated and crushed, sometimes in the space of hours. And there, Cohen, a trader with an almost preternatural knack for reading fear and greed in the marketplace, prowls relentlessly for an edge over everyone else.

Titan withdraws funds from SAC Capital (OmanObserver)
Titan Advisors LLC has decided to withdraw all of its money from the hedge fund firm SAC Capital Advisors LP, the Wall Street Journal reported, as SAC faces scrutiny because of several employees linked to insider-trading charges. It’s unclear how much money Titan, an asset-management firm based in New York, had invested with SAC for its clients, although it has $3 billion invested in hedge funds overall, according to a March securities filing. In its article, the Journal cited clients who said they were told that Titan would withdraw investments in SAC.

Hedge Fund Investors Have Another Horrible Year — They’d Be Much Better Off In Index Funds (BusinessInsider)
WHEN it comes to brainboxes, the name “Nobel” has a certain ring. But news that the Nobel Foundation plans to increase its investment in hedge funds, because years of low returns forced it to cut cash prizes in 2012, is one to leave laureates scratching their eggheads. The past year has been another mediocre one for hedge funds. The HFRX, a widely used measure of industry returns, is up by just 3%, compared with an 18% rise in the S&P 500 share index. Although it might be possible to shrug off one year’s underperformance, the hedgies’ problems run much deeper. The S&P 500 has now outperformed its hedge-fund rival for ten straight years, with the exception of 2008 when both fell sharply. A simple-minded investment portfolio–60% of it in shares and the rest in sovereign bonds–has delivered returns of more than 90% over the past decade, compared with a meagre 17% after fees for hedge funds (see chart).

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

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

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

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!