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
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!