Hedge Fund News: David Tepper, Thomas Steyer & Brevan Howard

Page 1 of 2

David Tepper Flies High With Airline Stocks And Hamptons Parties (JewishBusinessNews)
Summer for the well-heeled means posh, star-studded parties at the Hamptons, many for good causes, and the better the causes, the more high-profile the guests. When not making successful trades for his hedge fund, head of Appaloosa Management, Tepper was attending various functions including a Party for Pink, the Breast Cancer Research Foundation and a benefit for the Apollo Theater in Harlem. Tepper was seen schmoozing with Richard Perry as Taylor Dayne sang “Prove Your Love,” before talking about bike trips with Goldman Sachs Group, Inc. (NYSE:GS) president Gary Cohn and going to Ron Perelman’s estate in East Hampton.

APPALOOSA MANAGEMENT LP

SEC publishes Form PF data (COOConnect)
Private funds’ Regulatory Assets under Management (RAuM) totals $8.8 trillion, of which hedge funds and private equity vehicles comprise $4.04 trillion and $1.9 trillion respectively, according to the Securities and Exchange Commission’s (SEC) annual report summarising all of its Form PF data. This represents an increase from $7.3 trillion in May 2013. The SEC data said there were 2,661 advisers submitting Form PFs.

Caxton Cuts Currencies (Finalternatives)
Brevan Howard Asset Management isn’t the only global macro hedge fund shying away from currency trading in the face of poor performance. Caxton Associates has also cut its exposure to foreign exchange after posting losses in each of 2014’s first six months—just like Brevan Howard. And like Brevan Howard, the changes appear to be working, as Caxton posted its first gain of the year in July. The US$8 billion firm is now down about 5% on the year.

Paulson Buys Puerto Rico Office Building (Finalternatives)
Paulson & Co. is boosting its exposure to Puerto Rico, buying its first commercial property on the financially troubled island. The New York-based hedge fund has bought a 16-story office building in the U.S. territory’s capital, San Juan. The 326,000-square-foot space in San Juan’s financial district, Hato Rey, was formerly owned by insurer American International Group, Inc. (NYSE:AIG), and is known as American International Plaza.

One third of Asian hedge funds headquartered in China (Opalesque)
China continues to the preferred location of Asian-focused hedge fund firms with approximately one-third of firms headquartered in China. Other popular Asian firm locations include Singapore with 11.4%, followed by Australia and Japan with 5.6 and 4.3%, according to the latest HFR Asian Hedge Fund Industry Report, released by analysis and research HFR. Asian hedge funds assets surged in the second quarter of this year to $116.7bn, the third consecutive quarterly record for the Asian hedge fund industry…

Cramer: Be patient, wait for right pitch (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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines 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!