Hedge Fund News: Crispin Odey, Thomas Sandell & Bernard Madoff

Page 1 of 2

The £22m football bet: Hedge fund guru Crispin Odey shorts Manchester United shares (ThisIsMoney)
Hedge fund guru Crispin Odey has made a £22million bet that Manchester United’s poor performance on the field will be echoed in the stock market. The founder of Odey Asset Management has taken out a 0.78 per cent ‘short position’ on the club, signalling his belief that its shares will fall. A short position is when an investor borrows stock in the expectation that it will lose value, then sells it immediately. If and when the price drops, they buy the shares back and pocket the difference.

Crispin Odey

Hedge funds attract billions in new money (FT)
Hedge fund managers are attracting new money and preparing expansion plans, even though their performance has fallen behind roaring equity markets this year, thanks to a shift in how investors view the industry. Funds brought in $360bn this year in investment returns and inflows from investors, an increase of 15.7 per cent on their assets under management at the end of 2012, according to new figures from the data provider Preqin. The continued growth comes as investors lower their expectations of returns from hedge funds and instead view them as a way of increasing diversification and reducing volatility in their portfolio.

European hedge funds pay ‘premium’ (GlobalInvestorMagazine)
The gap between European and US hedge funds is widening, according to a new survey by Citigroup Inc (NYSE:C)’s prime finance business. European hedge funds are paying a “premium” running their firms, the 2013 Business expense benchmark survey found. Their management company costs appeared to be higher than the same charges being realises by US firms. Hedge funds with $100m, $500m, $5bn and more than $10b AuM are paying a premium of at least 20% in expenses compared to their US counterparts.

Wilton’s Commonfund Appoints New Head Of Hedge Fund Research (Wilton)
Wilton’s Commonfund, an institutional investment firm serving nonprofits, pension funds and other institutional investors, has named Kristofer S. Kwait as the new head of hedge fund research. Kwait, a 12-year veteran of the firm, is already the managing director of Commonfund. He will perform the duties associated with both titles moving forward. “Since joining Commonfund, Kris has been instrumental in our ability to set a high standard in manager identification and selection, portfolio analysis, due diligence and investment monitoring,” Nicholas De Monico, Chief Executive Officer, Commonfund Hedge Fund Strategies Group said in a statement.

Hedge Fund Lions’ Den: Emerging managers face the test (Risk)
Pitching funds to investors is a talent. In episode three of Hedge Fund Lions’ Den, the lions hear a two-minute offer from each manager. First up to face the lions are CJ Donley and Robert Toffel from Strategis Capital Management followed by Neil Meadows of Laurentia Funds. The third pitch is by Christina McGuire and Gordon Eichhorst from Aperios Partners Investment. All the managers are then interrogated by the lions: Andrew McCaffery from Aberdeen Asset Management; Luke Ellis, president of Man Group; and the godfather of the hedge fund industry, Stanley Fink, now chief executive of ISAM. The Strategis offering, started just under a year ago, takes a quantitative approach to portfolio management but risk management is at the heart of its strategy, both at portfolio and trade level.

Valuation is like beauty in eye of beholder: Cramer (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

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

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

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!