Hedge Fund News: David Tepper, John Paulson & SAC Capital Advisors

Page 1 of 2

David Tepper Tells CNBC His Market Concern is Alleviated (BusinessWeek)
Billionaire hedge-fund manager David Tepper, who said last month that he was nervous about financial markets because the economy wasn’t growing at a sufficient pace, said his concerns have been alleviated. The founder of $20 billion hedge-fund firm Appaloosa Management LP made the comments today in an interview on CNBC, according to its website. Tepper, 56, told an audience at a Las Vegas conference on May 14 that the market is “is kind of dangerous in a way” and that investors shouldn’t be too optimistic about rising markets and that they should hold cash.

APPALOOSA MANAGEMENT LP

Sebi bars hedge fund in L&T Finance insider trading case (MoneyControl)
Unearthing a major insider trading case in shares of L&T Finance , Sebi today barred a Cayman Islands-based hedge fund from Indian securities markets, while the role of other entities including some employees of investment banking major Credit Suisse Group AG (NYSE:CS) are also under scanner. This hedge fund, Factorial Master Fund, traded in derivative contracts of L&T Finance with Offshore Derivative Contracts (commonly known as P-Notes) through five different FIIs (Foreign Institutional Investors) — namely Macquarie Bank, Goldman Sachs Singapore, Merrill Lynch CM Espana, Nomura Singapore and Citigroup Global Markets Mauritius Ltd — in an “aberrant and suspicious” manner.

John Paulson’s Hedge Funds Said to Rise in May on Stock Rally (Bloomberg)
Most of billionaire John Paulson’s hedge funds rose in May as stocks rallied and bets on mergers and credit paid off, according to a person briefed on the returns. The Paulson Partners Enhanced fund, a merger arbitrage strategy that uses leverage to amplify gains, rose 1.9 percent last month and 4.8 percent year to date, said the person, who asked not to be identified because the information is private. The Credit Opportunities Fund gained 1 percent in May and 7.4 percent this year. The New York-based firm, which oversees $21.4 billion, suffered losses in its event-driven strategy, the only one of its main strategies to post losses, as positions in gold miners decreased, the person said. The Paulson Advantage Plus fund, which employs leverage, dropped 3.7 percent in May and is down 2 percent this year.

More Hedge Funds Take Up the Activist Playbook (BusinessWeek)
The struggles of the hedge-fund industry have been no secret, and they continue to underperform the stock market while charging investors high fees for the privilege. With the Standard & Poor’s 500-stock index gaining in all but four of the last 24 months, it’s been difficult to evaluate whether hedge funds offer superior returns in bear markets as their (possibly dwindling) supporters claim. There’s just been a drumbeat of pathetic results. One area that’s been somewhat of an exception is activist hedge funds—those that buy a stake in a company and then agitate for changes like acquisitions, board shakeups, or returning cash to shareholders…

Warren Buffett’s charity lunch auction bid tops $1 million and may rise (Gnom)
Warren Buffett’s annual auction to benefit a San Francisco charity has drawn a bid of more than $1 million, surpassing last year’s top offering, with a day of bidding remaining for a chance to eat lunch with the billionaire investor. The $1,000,300 high bid is for the 15th annual auction to benefit the Glide Foundation, which provides food and services to the poor and homeless. The high bid often surges in the last hour or two before the auction on eBay Inc (NASDAQ:EBAY) closes. The auction ends Friday at 10:30 p.m. EDT (2:30 a.m. Saturday GMT).

This has been a bad hedge fund “trend” (CNBC)
One of the largest hedge funds in the world, BlueCrest Capital Management’s BlueTrend, is trying to put its worst year ever behind it with positive returns, but it still faces challenges convincing investors to stay. BlueTrend is up 3.34 percent net of fees this year through May, according to a person familiar with the returns. The fund swung to a gain after rising 6.32 percent last month by correctly predicting bond and stock price movements. That’s already far better than the fund’s poor performance in 2013 when it lost 11.5 percent—its first negative calendar year since launching a decade ago.

Tepper tells CNBC market concerns ‘alleviated’ (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

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!