Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund News: Dan Loeb, Carl Icahn, Andrew Hall

Page 1 of 2

Loeb Credit Bet Returns 15% in Quarter on Junk Energy Holdings (Bloomberg)
Hedge fund manager Dan Loeb’s corporate credit portfolio returned 15 percent in the second quarter, helped by a bet on high-yield bonds. “Performance was largely driven by positive returns from performing credit investments in the energy sector,” Loeb said Friday in a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based company that counts on him to oversee investments. “We maintain minimal distressed credit exposure at present.” Loeb, 54, started amassing more than $1 billion in energy credit in February, he said previously in a second-quarter letter to his hedge fund’s clients, adding that he felt there was too much pessimism in the market.

Third Point

Carl Icahn Can Profit From Trump Taj Mahal Casino Flop (CNBC)
Yes, activist hedge fund investor Carl Icahn took a loss on his investment in the Trump Taj Mahal — he says it was for a whopping $100 million. Icahn’s a savvy investor, but even he couldn’t have foreseen the issues that would come to hurt the properties that bear Trump’s name: according to data from Foursquare, foot traffic to his places of business have been hurt during his campaign for the presidency. But there’s still a way Icahn can swing a profit on the failure of the Trump-affiliated gaming house. He just needs Trump’s former patrons in Atlantic City to head over to the Tropicana.

Oil bull Hall’s Astenbeck Capital down 16 pct in July; slashing annual gain (Reuters)
Aug 5 Famed oil bull Andy Hall‘s Astenbeck Capital Management lost about 16 percent in July as crude oil prices fell as much that month, the energy-focused hedge fund said in a note to its investors on Friday. Combined with its June loss of around 2 percent, the Southport, Connecticut-based Astenbeck was up less than 2 percent for the year as of end-July, according to the note seen by Reuters. Astenbeck had earlier shown an annual gain of 24 percent at end-May, after three straight months of profits powered by a rally in crude prices. (Reporting by Barani Krishnan; Editing by Jonathan Oatis).

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!