Hedge Fund News: David Einhorn, Bill Ackman, Monster Beverage Corp (MNST)

Page 1 of 3

Einhorn’s Greenlight Increases Bet on Elekta Share Drop (Bloomberg)
David Einhorn’s hedge fund Greenlight Capital Inc. increased its bet that shares of Swedish medical-equipment maker Elekta AB will decline. Einhorn sold short 2.35 percent of Elekta’s shares as of Jan. 16, according to data published by the Swedish Financial Supervisory Authority. On Jan. 4, Greenlight’s short position was 1.8 percent, according to the data. Elekta fell 0.5 percent to 99 kronor at 9:26 a.m. in Stockholm. The stock has risen 27 percent in the past year, giving the company, which is based in the Swedish capital, a market value of 38 billion kronor ($5.8 billion).

GREENLIGHT CAPITALRelative value arbitrage leads hedge fund capital to new record (HedgeWeek)
Steady inflows and performance-based gains increased hedge fund assets by USD60bn in the fourth quarter, bringing total industry capital to a record USD2.25trn, according to the latest HFR Global Hedge Fund Industry Report. Hedge funds posted performance gains in 4Q12, as global financial markets struggled with the political and macroeconomic uncertainty which had adversely impacted performance throughout much of the year, including the European banking and sovereign debt crisis, and the US fiscal cliff negotiations.

Odey plots UCITS version of flagship European hedge fund strategy (InvestmentWeek)
The launch of the new Dublin-domiciled fund will mark the first time UCITS investors have been able to access a long/short strategy run by Odey himself. First launched in 1992, the $1.8bn Odey European fund returned 24% last year – the sixth best hedge fund return globally, according to Bloomberg data. The fund had a tough 2011, shedding 20%, but the vehicle has produced compound annual gross returns of 13.4% since inception, according to figures from Odey.

Among Asia’s hedge funds, smaller was better last year (Business-Standard)
For those investing into Asia’s hedge funds last year, smaller was better. The region’s largest hedge funds – those managing more than $500 million – delivered weaker returns on average than nimbler, small to medium-sized funds, according to fund research and people with knowledge of the individual funds. In a year when several Asian stock markets rallied, many bigger hedge funds failed to beat benchmark returns. Blue chip funds such as Ortus Capital Management and Senrigan Capital lost money, while high-profile launches Azentus Capital and Dymon Asia ended the year barely in the black, said people familiar with their returns. Smaller hedge funds such as Factorial and the Splendid Asia macro hedge fund, however, made their investors richer.

Fixed-income hedge fund assets emerge on top (PIOnline)
Long/short equity hedge fund strategies lost industry dominance for the first time in 2012. Assets invested in fixed-income hedge funds exceeded those invested in equity strategies as of Nov. 30 for the first time thanks to a four-year growth spurt fueled by institutional investors. Fixed-income/credit hedge funds managed an aggregate $796.9 billion as of Nov. 30 compared with $788.9 billion invested in equity strategies, according to data from eVestment Alliance LLC’s hedge fund database.

Hedge funds disappoint as shares roar on (CityAM)
COSTLY hedge funds failed to keep pace with run of the mill stock funds last year, as equity markets proved more profitable than the best performing hedge strategies on average, data shows. Statistics from the EDHEC Risk Alternatives Index show the most profitable hedge fund strategies for investors trailed US equity market returns by almost three percentage points on average in 2012.

Pacific Group to Convert One-Third of Hedge-Fund Assets to Gold (BusinessWeek)
The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt. The Hong Kong-based asset manager plans to take delivery of $35 million worth of gold bars that can be traded on the London Bullion Market Association and other international markets, William Kaye, its founder and chief investment officer, said in a telephone interview on Jan. 18. It has secured vault space at Hong Kong International Airport to store the gold, he said.

Page 1 of 3
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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

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

How 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

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!