Hedge Fund News: David Einhorn, John Paulson, Agrium Inc (AGU)

Gazing into ‘dark pools,’ the tool that enables anonymous insider trading (NBCNews)
While federal authorities aggressively pursue individual insider stock trading cases – including an ongoing investigation of Wall Street titan Steven A. Cohen’s SAC Capital hedge fund – financial regulators remain years away from being able to peer into “dark pools,” the high-tech mechanism that insiders use to conduct secret, advantageous transactions. Federal prosecutors have been circling Cohen, 56, the founder and owner of one of the largest and most profitable U.S. hedge funds and one of the richest men in America, since at least late last year, when an indictment was unsealed against former SAC employee Mathew Martoma. He was the fifth SAC employee accused of insider trading while at the firm; four others have pleaded guilty.

Simple Alternatives seeking 6th manager for hedge fund of funds (PIOnline)
Simple Alternatives is searching for a long/short equity manager with a fundamental approach as the sixth hedge fund manager to manage $10 million to $15 million for its S1 Fund. Simple Alternatives manages about $70 million in a hedge fund-of-funds strategy in a mutual fund structure for small institutional and retail clients, said Josh Kernan, founding partner. “We like small- and midcap managers that manage between $100 million and $500 million,” Mr. Kernan said. “We are convinced that smaller hedge fund managers have better performance potential. We also aren’t afraid to be a ‘day one’ investor if it’s in a fund managed by a portfolio manager with a good track record elsewhere.”

Paulson, Rubin Divided on Economic Outlook (TheEpochTimes)
Famous hedge fund manager John Paulson and former Treasury Secretary Robert Rubin could not agree on a uniform outlook for the U.S. economy. Paulson and Rubin discussed their views at an event hosted by 92Y in New York City, Jan. 22. “I think the U.S. economy is doing better,” said Paulson, who is particularly optimistic about the housing market. “It is well off the bottom and is showing a relatively strong recovery,” he said. Paulson is the president and founder of Paulson & Co., a New York based hedge fund. Paulson is most famous for making $3.7 billion betting against the U.S. subprime mortgage market in 2008.

Herakles Unveils Trend-Following Hedge Fund (Finalternatives)
Herakles Capital Management has launched a new trend-following equity hedge fund. The Herakles Trend Fund I debuted on Jan. 4, the firm said. The fund’s proprietary model will focus initially on three indices—the Standard & Poor’s 100, German DAX and German MDAX—putting its money in large- and mid-cap stocks that offer liquidity. The model returned 20.74% in simulated trading last year.

Fund Manager Doug Whitman, Prosecutors Spar Over Sentencing (WSJ)
A war of words has broken out between federal prosecutors and lawyers for hedge-fund manager Doug Whitman as he prepares for sentencing following his insider-trading conviction last year. In a series of court filings, lawyers for Mr. Whitman, the founder of Whitman Capital say their client should be sentenced to no more than six months in prison and he “has been punished enough.” Prosecutors say he should receive a sentence of up to five years and three months in prison. . .

Why Do Rich People Love Hedge Funds? (NYMag)
Carl Richards has a post over at the New York Times’ Bucks blog in which he puzzles over the enduring appeal of hedge funds, despite the fact that they have historically underperformed the S&P 500. Why, he asks, are people paying exorbitant fees to hedge-fund managers who don’t even make money for them? Richards takes a stab at the answer in a few ways. First, he implies that there’s an element of groupthink in Hedgistan, with investors all chasing increasingly complex hedge-fund strategies because “the more complicated and secretive and exclusive it is, the better.” He also gets at the false correlation between exclusivity and superior returns: “People want to believe there’s a better way of investing that’s only available to a select few.”

Are the Big Banks Too Opaque to Invest In? (Dailyfinance)
Opaque or not opaque, that is the question. At least that’s how JPMorgan Chase CEO Jamie Dimon and hotshot hedge-fund investor Paul Singer of Elliot Capital Management see it at the World Economic Forum, currently taking place in Davos, Switzerland. Singer called the big banks’ financial disclosures “too big, too leveraged, [and] too opaque,” to which an energetic Dimon retorted: “Our 10K (S.E.C. filing) is 400 pages long. What would you like to know?”

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

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

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!