Hedge Fund News: Daniel Loeb, Crispin Odey & Julian Robertson

Page 1 of 2

Loeb’s hedge fund outperforms peers with returns 25.2% returns in 2013 (Venture Capital Post)
Daniel Loeb, the activist investor and hedge fund manager, led rivals in 2013 as his flagship fund gained 25.2%, Reuters reported. With bets made on Greek bonds, blue-chip US stocks and the economic recovery in Japan, Loeb’s $14 billion firm Third Point has been one of the top performers in the industry for past few years now. Citing a client who got a performance update from Loeb on Thursday, the report said the Third Point Offshore fund posted a 2.3% gain in December. The Third Point Ultra fund gained much higher at 3.4% in the same period and ended the year up 37.9%. The Ultra fund is a smaller fund that utilizes borrowed money to increase returns.

what is a hedge fund

Hedge fund chief cashes in with £13.5m ‘bet’ on United’s share price crash under Moyes (Daily Mail)
When the final whistle blew at Old Trafford on New Year’s Day, one guru of high finance would have been cheering Tottenham Hotspur’s victory just as wildly as the travelling support. Multi-millionaire Crispin Odey owns a hedge fund, a type of investment vehicle that seeks out opportunities to make a quick return for clients. And in December, his firm Odey Asset Management made a £13.5million bet that Manchester United’s poor performance would prove more than just a blip. Odey took out a ‘short position’ on Manchester United PLC (NYSE:MANU)’s shares on the New York Stock Exchange, effectively a huge bet on the champions’ decline.

Tiger Seeding Fund Returns 22% (FINalternatives)
Julian Robertson‘s unerring eye for investing talent paid big dividends for investors last year. Tiger Management’s $450 million Accelerator Fund, a two-year-old seeding fund that invests alongside Robertson, was up 22.6% last year through the middle of December. The fund invests in six hedge fund managers. Many of the hedge fund world’s luminaries got their start under Robertson at Tiger, and launched their own funds with his help. Robertson, who closed his hedge fund in 2000, has seeded about 40 so-called “Tiger cubs.”

What Hedge Funds Think About AT&T Inc. (NYSE:T) (WallStreetPR)
It is always important for everyday investors to know what their institutional counterparts think about the stocks they are holding. Over the past 12 months AT&T Inc. (NYSE:T) witnessed interesting hedge fund trading. AQR Capital Management, managed by Cliff Asness, was also long in the stock, holding $144.2 million stake, thus constituting 0.5 percent of its stock portfolio. It is important to note that fund managers Adam Weiss and D. E. Shaw through their investment vehicles Scout Capital Management and D E Shaw respectively, are also long in AT&T Inc.

NexPoint Credit Strategies Fund Announces the Regular Monthly Dividend (MarketWatch)
Nexpoint Credit Strategies Fund (NYSE:NHF) (“NHF” or the “Fund”) today announced its regular monthly dividend on its common stock. A dividend of $.050 per share will be payable on the last business day of January to shareholders of record at the close of business January 24, 2014. As of December 31, 2013, the Trust had estimated undistributed net investment income of approximately $8.0 million (unaudited). The Fund is a closed-end fund managed by NexPoint Advisors, L.P. (the “Manager”), an affiliated adviser of Highland Capital Management, L.P. The Fund invests primarily in below investment grade debt and equity and has the ability to hedge risk. The Manager attempts to deliver consistent returns in excess of the Credit Suisse Hedge Fund and the HFRX Global Hedge Fund indices in a transparent, registered fund format with consistent monthly dividends.

Hedge funds’ 2014 playbooks (CNBC.com)

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!