Hedge Fund News: Carl Icahn, Jim Simons & Brevan Howard

Page 1 of 2

Carl Icahn and Ackman’s Bourbon Man Named to Hall of Fame Together (WSJ)
Good thing Carl Icahn and Bill Ackman made up. Otherwise this would have made for an awkward ceremony. Mario Gabelli’s Gamco Management Hall of Fame (yes, such a hall exists) named to its 2014 class Mr. Icahn and Matthew Shattock, the CEO of bourbon maker Beam Suntory Inc (NYSE:BEAM) and a man who made a small fortune for Mr. Ackman. The “rigorous criteria” for the Hall include “creating shareholder wealth” and “earning a superior rate of return over the long term,” according to a release.

Carl Icahn as viking

The Cheap Pimco Fund That Has Gross Reaching for His Wallet (Bloomberg)
Billionaire Bill Gross can’t resist this rarity: A slice of the corporate debt market that still looks cheap. Gross has been adding to his personal holdings this year in Pacific Investment Management Co.’s $1.5 billion Dynamic Income fund as demand picks up for an asset class that was left for dead in 2013, Bloomberg data show. The closed-end credit fund is now up 16.6 percent in 2014 as the discount between its share price and the assets the fund owns has disappeared. Most other such funds are still inexpensive by this measure because they haven’t yet generated enough demand to close the gap between their share prices and the value of the assets they own…

FSOC Warned Systemic Label For Asset Managers Could Hurt Investors (FA-Mag)
The Financial Systemic Oversight Council could end the advantages large asset managers offer — specialization and lower costs — if it designates them as systemically important, the chief executive officer of one of the nation’s largest hedge funds, Citadel Holding’s Ken Griffin cautioned Monday. Speaking at an FSOC roundtable on asset managers, Griffin warned these benefits would be lost because the non-bank Systemically Important Financial Institutions designation would probably lead institutional investors to pull assets out and bring the funds totally under their own control.

361 Capital To Launch Single-Manager Liquid Alts Funds (Finalternatives)
Denver-based fund of hedge funds 361 Capital is teaming with Janus Capital vet Blaine Rollins to launch the first in a series of single-manager liquid-alternative mutual funds. The 361 Global Macro Opportunity Fund—which should begin operations by July 1—will invest in a wide range of asset classes that provide exposure principally to U.S. and foreign equity securities, fixed income securities, commodities and currencies. The first launch will be followed by those of other ’40 Act vehicles sub-advised by hedge fund managers and managers of alternative mutual funds…

Letter: You can’t trust Scott Brown (ConcordMonitor)
Scott Brown’s lobbying efforts to kill the bipartisan Shaheen-Portman Energy bill in the U.S. Senate this week proves beyond any doubt that he has no idea what is important to New Hampshire families. The man is calculating and will play politics when it suits his interests, no matter the cost to the New Hampshire families and businesses. Just last week, while speaking at a hedge fund conference in Las Vegas, Brown criticized the dysfunction in Washington just days after lobbying to bring about more gridlock. This is one of many examples as to why Granite State voters cannot trust Brown.

Why Hedge Funds Love Charter Schools (HuffingtonPost)
Obscure laws can have a very big impact on social policy, including obscure changes in the United States federal tax code. The 2001 Consolidated Appropriations Act, passed by Congress and signed into law by President Bill Clinton, included provisions from the Community Renewal Tax Relief Act of 2000. The law provided tax incentives for seven years to businesses that locate and hire residents in economically depressed urban and rural areas. The tax credits were reauthorized for 2008-2009, 2010-2011, and 2012-2013.

Billionaire hedge funder doubles down on climate fight (CNBC)

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 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

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

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes 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!