Hedge Fund News: Daniel Och, Carl Icahn & SAC Capital Advisors

Page 1 of 2

Och-Ziff Profits Soar (Finalternatives)
Och-Ziff Capital Management’s strong hedge-fund returns helped it top analysts’ expectations in the fourth quarter. The publicly-listed hedge fund said its distributable earnings in the last three months of 2013 were $559 million, 59% better than the fourth quarter of 2012, when it earned $351.3 million. “Last year was an outstanding year for us, and demonstrated the strength of our firm globally,” firm founder Daniel Och said. “Last year was also reflective of the progress we made towards our strategic goal of becoming a global, multi-product, alternative asset manager…

Och-Ziff Capital Management

Hedge Fund Trends: Mobile Commerce Retailing (HedgeCo)
Michael Zimmerman’s hedge fund Prentice Capital says that according to new December 2013 data, one-third of online shoppers now only use their mobile devices when shopping. Zimmerman, who has long held the view that retailers need strong branding and well-planned online & mobile shopping platforms thinks this will put even more pressure on retailers to build strong m-commerce sites and apps. Only two-thirds of indexed brands have mobile-optimized sites, and yet a full third of those don’t allow consumers to shop from those sites, New York research firm L2 noted. Many also fail to provide the full range of content available on their desktop sites, including product search and user ratings, to mobile audiences.

Mathew Martoma Insider Trading Conviction: Guilty (InsiderMonkey)
This was an obvious conviction. Mathew Martoma and Preet Bharara are both losers though. The winner is Steven A. Cohen. Federal prosecutors have been targeting Cohen for a very long time but they failed to flip Martoma. I am surprised that Martoma didn’t cut a deal with the prosecutors. This conviction doesn’t mean that Cohen’s strong track record is purely because of insider trading. Cohen will continue to generate strong alpha in the coming years. Since he doesn’t have to manage as much capital, his returns will probably go up. Steve Cohen’s investment strategy is very similar to what we do at Insider Monkey. Cohen takes the best ideas of fund managers in his company which is why he was able to deliver such strong returns.

The Hedge Fund Wizard Betting Big on Big Data Research (InsidePhilanthropy)
Jaffray Woodriff knows a thing or two about data. The investment whiz based in Charlottesville, Virginia, used his homegrown predictive models of investment data to build a $4 billion-plus managed futures firm. Paying tribute to his golden goose, the investor just made a $10 million gift to advance the emerging field of data science. Woodriff’s private foundation the Quantitive Foundation recently pledged the grant to his alma mater, The University of Virginia, to endow its new Data Science Institute, a cross-disciplinary center that will focus on interpreting meaning from and using the heaps of data drawn from arenas such as e-commerce, environmental monitoring, and finance. The university will also provide $7 million to the endowment.

Watson Wheatley win 2014 International Hedge Fund Award (BobsGuide)
It has been announced that Watson Wheatley Financial Systems, specialists in securities reconciliation, have won the Reconciliation & Data Aggregation award at the 2014 International Hedge Fund Awards. The International Hedge Fund Awards, sponsored by AI Global Media celebrate excellence within the emerging asset class, recognising the people, companies and firms who are successfully forming, managing and advising on hedge funds in the current market. WWFS managing director Duncan Wheatley remarked “We are extremely pleased to accept the award and feel that it reflects on our hard work during the last 12 months which has resulted in a number of new client wins, an upgraded reconciliation platform and much increased confidence for the coming year…

ACQ Closing Most Funds As Assets Fall Below $100M (Finalternatives)
Hedge fund Asian Century Quest Capital is shutting all but one of its hedge funds as its assets under management have dropped by 95% over the past two years. Among the casualties is the New York-based firm’s long/short equity fund. Only ACQ’s long-only Equity Income Fund will survive, according to CNBC. ACQ managed $1.74 billion in 2012, but is down to less than $100 million after a period of sub-par performance. ACQ’s flagship rose just 5.5% last year, about half the return of the Dow Jones Asia/Pacific Total Stock Market Index.

Who is Mathew Martoma really? (CNBC)

Page 1 of 2
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 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!