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

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

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!