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

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.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

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

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors 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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!