Hedge Fund News: Dan Loeb, Carl Icahn & BP Capital

Macquarie Alumnus Plans Global Hedge Fund (Finalternatives)
Gerald Kok, a former fund manager at Macquarie Group, is readying his own hedge fund. GSK Global Fund will invest in U.S. and Asia-Pacfic firms going through corporate events like mergers or divestments and with share prices running at a significant discount to fair value, Kok told Bloomberg. Kok runs Singapore-based G&S Asset Management with Susan Xiao who will also launch a fund this year. Together, the two funds will manage $10 million.

Soy, sugar drive hedge fund sell-off in ags (AgriMoney)
Hedge funds came close to their first net short position in soybeans since 2011, but proved surprisingly reluctant to sell down corn, as they drove their bullish bets on agricultural commodities to the lowest in five months. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to live cattle, by more than 86,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator.

Boone Pickens’ OSU donations vs. price paid for each NFL team (TulsaWorld)
It’d be a gross understatement to say that business magnate and financier T. Boone Pickens has been generous toward the athletic program at his alma mater of Oklahoma State. Of the reported $500 million that Pickens has donated to OSU, half has gone toward Cowboys athletics. That $250 million is more than all but 10 NFL teams sold for. Even Pickens’ good friend, Jerry Jones, paid $100 million less for the Dallas Cowboys when he bought “America’s Team” in 1989.

Jim Rogers reveals his Singapore investment strategy (Yahoo)
Author and famed investor Jim Rogers picked what he sure knows a lot about when asked to choose the one investment he would make in Singapore now. “Well, it would be my little girls. They are very important to me,” the 71-year-old American told Yahoo Singapore last week in a phone interview in which he shared some investing tips. The author of five investment books, the latest one titled Street Smarts, Rogers started a family late in life. He was 60 when he had the first of his two daughters with wife, Paige Parker…

Activist investor lowers stake in PHH Corp. after sale (BizJournals)
Activist investor Orange Capital has drastically cut its stake in PHH Corporation (NYSE:PHH) less than a week after PHH sold its auto fleet leasing business, PHH Arval, for roughly $1.4 billion to Canadian equipment finance company Element Financial Corp, according to an SEC filing. The filing says that hedge fund now holds 1.65 million shares in Mount Laurel-based PHH, a major drop from the 4.11 million shares it previously held. Orange Capital led a group of activist investors last fall that sought to have PHH split or sell its two main business lines, auto fleet and mortgage…

Recommended Reading:

Amici Capital Increases Holding Of Norcraft Companies Inc (NCFT)

John Paulson Reduces Exposure To CNO Financial Group Inc (CNO)

Ken Griffin And Citadel Further Increase Stake In PHH Corporation (PHH)

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