Hedge Fund News: Carl Icahn, Warren Buffett & Wilbur Ross

Page 1 of 2

Slow down Carl: Not all Apple shareholders want an big share buyback (CNBC)
For months, Carl Icahn has been pushing Apple Inc. (NASDAQ:AAPL) CEO Tim Cook to use the company’s $158 billion war chest to buy back company shares, and hopefully substantially boost its stock price. But not every Apple shareholder agrees with that strategy, and at least one big one doesn’t appreciate Icahn’s activism. “It’s the tail wagging the dog. [Icahn's] recent letter was rambling and contradictory,” says Anne Simpson, senior portfolio manager of investments and director of corporate governance for the California Public Employees’ Retirement System.

Carl Icahn as viking

Fund targets legally entangled RMBS (Reuters)
A hedge fund holding legacy mortgage securities entangled in JPMorgan Chase & Co (NYSE:JPM)‘s proposed private settlement with institutional investors is offering other bondholders a whopping 833% premium compared with the bank’s recovery offer in order to get hold of one specific battered bond, according to offer documents seen by IFR. On January 22, New York-based Fir Tree Partners made a cash tender offer to buy some of the six mortgage bonds caught up in the proposed US$4.5bn settlement from 21 institutional investors. The settlement was arranged by law firm Gibbs & Bruns and the investors include BlackRock, Inc. (NYSE:BLK) and Pimco.

Joho Capital Calls It Quits (Finalternatives)
Joho Capital Management is going out on a high note. The New York-based hedge fund’s founder, Robert Karr, told investors yesterday that he would close the $5.1 billion Asia-focused fund, returning their money by the end of the quarter. Karr cited the travel necessary to run a firm with offices around the world, as well as the increasingly challenging market environment. “Since the financial crisis, solid returns have been more challenging, but with a strong 2013, I feel now is the time,” Karr, a Tiger Management veteran, wrote…

Hedge Fund Bets Broncos Will Be Champions Sunday (Finalternatives)
A well-worn sporting trope warns that contests aren’t decided on sheets of statistics—they are decided on the field. Analytic Investors may not disagree with that cliché, but it is willing to bet—literally—that it knows in advance who will win Sunday’s Super Bowl. The Los Angeles hedge fund has produced a hedge-fund-like model to analyze each of the 32 teams in the National Football League. And its NFL Alphas analysis has picked the winner of the Super Bowl in nine of the last 10 contests. The Alphas model analyzes teams as though they were stocks, attempting to determine their “returns on investment” over the course of the year, in this case the investment being the point spread established by Las Vegas bookmakers…

Preqin: 84% of institutional investors surveyed say hedge funds met or exceeded expectations in 2013 (PIOnline)
Collectively, 84% of institutional investors surveyed expressed satisfaction with their hedge fund portfolio performance in 2013 — 21% said returns exceeded their expectations and 63% said returns met expectations, while 16% said returns fell short. By type, 59% of investors in long/short equity funds indicated returns exceeded expectations, followed by event driven (27%), long/short credit (13%), distressed (12%) and macro (9%). Forty-nine percent of managed futures/CTA investors and 43% of macro investors said returns fell short of expectations.

Stock Draft: Brian’s Ballers vs. Mandy’s Mavericks (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

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

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

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!