Hedge Fund News: David Einhorn, Barry Rosenstein & George Soros

Page 1 of 2

Greenlight Asked S.E.C. for Delay on Disclosure of Micron Stake (New York Times)
David Einhorn, the billionaire hedge fund manager whose stock picks are closely watched on Wall Street, is not a big fan of so-called copycat traders who simply latch onto his ideas — especially when it costs his investors money. Last November, in a previously undisclosed letter to the Securities and Exchange Commission, Mr. Einhorn asked for a seven-day delay in disclosing that his fund, Greenlight Capital, was amassing a stake of 47 million shares in Micron Technology, Inc. (NASDAQ:MU), which makes memory chips.

Greenlight Capital

Activist investor buys NY mansion for record $147M (New York Post)
An activist investor has just bought the most expensive residential property in the country. Barry Rosenstein, hedge fund manager of Jana Partners, is paying $147 million for a property on exclusive Further Lane. The 18-acre beachfront property — with formal gardens and a pond — was the dream house of Christopher H. Browne, managing director of the Tweedy, Browne Company investment firm, and his boyfriend, architect Andrew Gordon.

Liberal donors eye new long-term investments in states and new voters to boost Democrats (Washington Post)
A group of wealthy liberal donors who helped bankroll the Center for American Progress and other major advocacy groups on the left is developing a new big-money strategy that could boost state-level Democratic candidates and mobilize core party voters. The plan, being crafted in private by a group of about 100 donors that includes billionaire hedge fund manager George Soros and San Francisco venture capitalist Rob McKay, seeks to give Democrats a stronger hand in the redrawing of district lines for state legislatures and the U.S. House.

Bill Ackman’s Can’t-Lose Allergan Trade Still Carries Big Risk (Forbes)
Much of Wall Street greeted hedge fund billionaire Bill Ackman’s announcement that he was teaming up with Valeant Pharmaceuticals Intl Inc (NYSE:VRX) to buy Botox-maker Allergan, Inc. (NYSE:AGN) with a mixture of amazement and envy. Some people called the gambit unfair and even compared it to legal insider-trading since the effort saw Ackman take a nearly 10% stake in Allergan with the knowledge that Valeant would be swooping in to make a $46 billion bid for the company. Whether he was a genius who found a loophole or just gaming the system, the general feeling was that Ackman couldn’t lose.

U.S. court upholds Sotheby’s poison pill, rejects hedge fund’s bid (Reuters)
A U.S. court rejected activist hedge fund manager Daniel Loeb‘s bid to force auction house Sothebys (NYSE:BID) to remove its shareholder rights plan, which limits the amount of stock he can buy. Delaware Chancery Court Judge Donald Parsons ruled late on Friday that he would not overturn Sotheby’s so-called poison pill, which blocks activist investors from buying more than 10 percent of the company’s stock while passive investors can buy 20 percent.

Would you invest in a hacker’s hedge fund? (CNBC.com)

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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle 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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!