Hedge Fund News: David Einhorn, Michael Hintze & Lansdowne Partners

Page 1 of 2

Hedge fund kingpin bullish on Apple, says it’s underpriced (Vancouver Sun)
David Einhorn, the hedge-fund manager who warned of a bubble in technology stocks two weeks ago, refined his stance by saying he’s bullish on the industry and that companies including Apple Inc. (NASDAQ:AAPL) look underpriced. “I’d like to clarify Greenlight’s remarks about a new technology bubble,” Einhorn said today in a conference call held by Greenlight Capital Re Ltd., the reinsurer where he is chairman and oversees investments. “In general, we are bullish on technology and technology stocks.”

GREENLIGHT CAPITAL David Einhorn

Hedge fund chief donates £5m to Natural History Museum (Financial Times)
Facing government cutbacks, London’s Natural History Museum has found a welcome new source of funds: a £5m donation from a hedge fund manager. Sir Michael Hintze, founder of the CQS fund, said he was making the gift because he was “excited about the science” at the museum. Already one of the capital’s most successful tourist attractions, with a record 5.3m visitors last year, the museum contributes “between £4 and £5 of wider economic benefit” for every £1 of government investment, according to a 2010 study by the London School of Economics, cited by Michael Dixon, the museum’s director.

Lansdowne victorious at FN Hedge Fund Awards (Financial News)
Lansdowne Partners picked up the major awards at the fourth annual Financial News Awards for Excellence in Institutional Hedge Fund Management, Europe, at London’s One Mayfair last night. Over 200 senior executives from the hedge fund industry saw Lansdowne Partners take home Best Hedge Fund Manager Overall, and Best Hedge Fund Manager in Long/Short Equities over $3 billion. The flagship $13.8 billion Lansdowne developed markets strategy gained 33.1% last year, while the European hedge fund was up 21.5% and the financials hedge fund gained 23%

Paulson Sees Substantial Upside for Insurer Genworth (Bloomberg)
Billionaire hedge fund investor John Paulson said Genworth Financial Inc (NYSE:GNW) shares will probably rally as the company divests a stake in an Australian unit, and could gain further if the insurer splits itself in two. “If the company chooses to spin off its mortgage-insurance and other life-insurance businesses into two separate companies, there could be substantial additional upside,” the money manager said in a letter to investors discussing first-quarter results at his Paulson & Co. funds.

U.S. billionaire green activist shifts from bomb thrower to team player (Reuters)
As Boston Red Sox fans streamed into Fenway Park last April for an early-season baseball game, a small plane circled above, towing a banner that read “Steve Lynch for Oil Evil Empire.” Downtown, truck-mounted video screens looped attack ads against the Democratic congressman, who was running for a Senate seat. The man footing the bill for this sharp-edged campaign, San Francisco billionaire Tom Steyer, called Lynch “Dr. Evil” in a local TV interview because he did not oppose the proposed Keystone XL oil pipeline from Canada to the United States, which environmentalists say would worsen climate change.

Pays to be a hedge fund manager (CNBC.com)

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

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

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in 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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!