Hedge Fund News: David Einhorn, Nelson Peltz & Sandell Asset Management

Page 1 of 2

The World Series of Poker $1 Million Buy-In Tournament: The Big One for One Drop (PokerFuse)
Hedge fund manager David Einhorn now has the best bad beat story in poker after exiting the $1 million buy-in Big One for One Drop after just 45 minutes of play. Einhorn three bet a Sam Trickett pre-flop raise, Trickett called and the flop came down 2-J-6. The two were well aware of each other’s game having finished 3rd and 2nd respectively in the first One Drop event in 2012, so Trickett’s call of Einhorn’s continuation bet was not unexpected. Einhorn had flopped a set of jacks, and the three of spades on the turn filled out the rainbow board texture and looked as unthreatening as any card could be.

GREENLIGHT CAPITAL David Einhorn

Is George Soros dipping his toe into shareholder activism? (TheGlobeAndMail)
Is George Soros turning activist? His $29-billion (U.S.) hedge fund has famously confronted governments. But facing off with a $1-billion U.S. oil and gas company is novel. The move gives underperforming corporate bosses another scourge to fear. A bellicose letter from Soros Fund Management to Penn Virginia Corporation (NYSE:PVA) on Wednesday could easily have come from an established activist like Carl Icahn. Scott Bessent, the chief investment officer at Mr. Soros’s firm, wrote that chief executive officer Edward Cloues has presided over “investor relations disasters” and is responsible for “egregious” strategic choices.

Hedge Fund Charged With Manipulating Futures Contract Prices (HedgeCo)
Federal Judge Analisa Torres has rejected arguments put forward by a hedge fund-like firm and cleared the way for a lawsuit filed by the FTC in New York, Reuters reports. The CFTC claims that Donald R. Wilson and his company, DRW Investments, profited by at least $20 million, while their trading counterparties suffered losses of an equal amount. “Traders cannot engage in manipulative acts to affect the price of futures contracts to achieve their desired profits, regardless of the so-called motive.

Implications Of AIFMD For U.S.-Based Hedge Fund Managers (Finalternatives)
For most people in the Northern Hemisphere, July is a month to rest and relax, but for fund managers subject to new EU regulations, July has been a month to meet deadlines. The European Directive on Alternative Investment Fund Managers came into force in July 2011 and was required by law to be implemented in all 28 EU member states (plus Norway, Iceland and Liechtenstein) by July 2013. July 2014 brings further requirements, specifically for hedge fund managers based outside of the EU.

Hedge fund manager reinvents himself into luxury shuttle service owner (InAutoNews)
At any given moment, Richard Fertig, before 2009, was the fortunate manager of a hedge fund portfolio worth $4 billion – and he found out it was not nearly enough to get back in the race after the latest Great Recession took his job. So, in a usual American style, he took the time to reinvent. He decided the best course of action would be to address one of his previous employments biggest headaches – the painful low-quality of ground transportation. He moved to establish Brilliant Transportation, which is another take on the shuttle business – albeit definitely one that can only be afforded by those seeking luxury…

Bank of NY Mellon is Trian’s new core position (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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!