Hedge Fund News: David Tepper, George Soros & Man Group

Page 1 of 2

Billionaire Hedge Fund Manager David Tepper Is Having A Huge Year (Forbes)
Billionaire David Tepper’s hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it’s turning into a year to remember for the former Goldman Sachs Group, Inc. (NYSE:GS) trader. Tepper’s big Palomino hedge fund posted net returns of 37.86% this year through the end of November. The Palomino fund had a strong month in November, when it returned 4.86%. With $20 billion under management, Tepper has been a loud and consistent stock market bull, saying equities were the place for investors to be. The Standard & Poor’s 500 index returned 29.1% this year through November. In a recent interview with Bloomberg Television, Tepper said his fund had made a successful bet on airline stocks that had helped its returns.

APPALOOSA MANAGEMENT LP

British hedge fund GLG settles SEC charges over inflated assets, fees (Reuters)
British hedge fund adviser GLG Partners LP and a former holding company agreed to pay about $9 million to settle U.S. regulatory charges that internal control failures had caused them to inflate a fund’s assets and collect excessive fees. The U.S. Securities and Exchange Commission alleged that GLG Partners LP had, between November 2008 and November 2010, overvalued by about $160 million, or 60 percent, a stake that one of its funds held in an emerging markets coal mining company. Thursday’s settlement arose from the SEC’s Aberrational Performance Inquiry, a program that began in 2009 to analyze the performance data of thousands of hedge fund advisers and identify funds with suspiciously high returns.

Bank of America’s Pays $131m Settlement for Merrill Lynch Mortgage Probe (IBTimes)
Bank of America Corp (NYSE:BAC) has stumped up $131m in settlement payments after the US regulator found that its Merrill Lynch unit misled investors about its mortgage securities. According to an US Securities and Exchange Commission statement, the ML unit misled investors about mortgage securities it structured and sold, by having the interest of maximising profit for its hedge fund partners rather than its retail buyers. The SEC added that ML failed to tell investors that hedge fund firm Magnetar Capital exercised significant influence in choosing collateral underlying two $1.5bn (£917,650, €1bn) collateralised debt obligations (CDO).

Hedge Fund Lions’ Den: Emerging managers struggle to understand investor motivation (Risk)
The double meaning of what investors say and what they really mean is explored in episode five of Hedge Fund Lions’ Den. Luke Ellis, president of Man Group, enlightens Charles-John (CJ) Donley and Robert Toffel from Strategis Capital Management on the hidden meaning of investor responses. Neil Meadows of Laurentia Funds talks with Andrew McCaffery of Aberdeen Asset Management about returns and risk management while Stanley Fink, CEO of ISAM, quizzes Donley and Toffel about the BNP Paribas SA (EPA:BNP) note on offer.

U.S. hedge fund Golden Tree increases stake in Postmedia (FinancialPost)
U.S. hedge fund Golden Tree Asset Management LP increased its stake in Postmedia Network Canada Corp. last month and now owns 39% of the newspaper chain’s shares. The New York City-based fund is Postmedia’s largest shareholder and in November it purchased a further 4% of the company’s Class B shares, according to a Dec. 4 regulatory filing. Golden Tree, which has a representative on Postmedia’s board of directors, said in the filing it increased its holdings of Postmedia shares by 1.6 million.

Hedge funds see opportunity in commercial real estate (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!