Hedge Fund News: David Tepper, Larry Robbins & David Einhorn

Page 1 of 2

David Tepper ranks as best paid hedge fund manager, again (Reuters)
Hedge fund mogul David Tepper had a case of deja vu when he ranked as the best paid hedge fund manager for the second year running by earning $3.5 billion in 2013 with a savvy bet on airline stocks, according to a new ranking. Even though many hedge funds earned only lackluster returns last year and sharply trailed the S&P 500′s 30 percent gain, it was a banner year for a small number of hedge fund managers, according to Institutional Investors’ Alpha’s 13th annual ranking of the industry’s best paid managers. Tepper, who runs Appaloosa Management, was followed in second place by Steven A. Cohen, who earned $2.4 billion.

Appaloosa Management Lp

Glenview’s Robbins Backs Monsanto Over Whole Foods Utopia (1) (Businessweek)
Larry Robbins, founder of $7.5 billion Glenview Capital Management LLC, said he’s amassed a $1 billion position in seed maker Monsanto Company (NYSE:MON) and intends to hold it as a long-term investment as demand for genetically modified foods rises. “In a utopian world we would all be able to shop with hedge-fund managers and Hollywood stars and pay whatever we wanted at Whole Foods,” Robbins said in an interview today with Bloomberg Television’s Stephanie Ruhle at the 19th annual Sohn Investment Conference in New York.

Einhorn Sends Athenahealth Stock Reeling (Wall Street Journal)
Five hours and a dozen presentations into the annual Sohn Investment Conference, a speaker finally drew a big market reaction, as hedge-fund manager David Einhorn unveiled a bet against athenahealth, Inc (NASDAQ:ATHN). Shares of the electronic health-care-records provider plummeted after Mr. Einhorn, founder of Greenlight Capital Inc., said the stock may fall 80%. One of the few hedge-fund managers to relish talking about his shorts, Mr. Einhorn said athena and other technology stocks were indicative of a bubble. Shares in the company, which wasn’t available for comment, quickly dropped 10% to about $113 in after-hours trading.

PAUL TUDOR JONES: ‘Friday Was One Of The Greatest Days I Can Remember In Macro Trading’ (Businessinsider India)
Paul Tudor Jones just presented at this year’s Sohn Investment Conference, and his idea came with a serious dose of market wisdom in the midst of what he considers one of the hardest times for macro traders he’s seen in his career. He made his point using Friday’s stellar jobs number. As PTJ pointed out, it was some of the strongest data the U.S. has seen since 2007. It sent every signal to sell bonds.

Ira Sohn: Coatue’s Laffont sees Liberty Global’s stock price climbing (Reuters)
Hedge fund manager Philippe Laffont recommended Liberty Global Plc at an investment conference on Monday, saying that fresh demand in broadband services will help boost growth at the company. Laffont, speaking at the Sohn Investment Conference in New York, said Liberty’s shares, now trading around $40 a share, could “easily” rise above $100 per share. He said the huge popularity in video streaming service Netflix, Inc. (NASDAQ:NFLX) will force homeowners to upgrade their broadband.

Why Bill Ackman Is Bullish on Fannie, Freddie (Wall Street Journal)
Bill Ackman detailed his bullish bet on Fannie Mae and Freddie Mac. It boils down to this: The companies that were too big to fail are now too important to replace. Mr. Ackman’s Pershing Square Capital Management disclosed last November that it had taken 10% stakes in the common stock of Fannie and Freddie. On Monday, he spoke in greater detail at the Sohn Investment Conference in New York on his investment thesis. Fannie and Freddie, whose shares both trade over the counter at around $4, are worth $23 on a conservative basis, he said, and could be worth as much as $47.

Gundlach’s bearish call on single-family housing (CNBC.com)

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

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

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

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!