Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund News: Edward Lampert, George Soros & Bill Ackman

Page 1 of 2

ESL Gives Sears $400 Million Lifeline (Finalternatives)
Hedge fund ESL Investments has loaned $400 million to its largest investment, Sears Holdings Corporation (NASDAQ:SHLD), a cash infusion that will keep the struggling retailer afloat through the holiday season. Affiliates of ESL, whose founder, Edward Lampert, serves as Sears’ CEO, made the loan, which is due on Dec. 31 and is secured by 25 of Sears’ properties. The loan can be extended until the end of February. The financing was needed after Sears burned through nearly $1 billion over the past six months.


Calpers set to leave hedge funds (ManilastandardToday)
The California Public Employees’ Retirement System plans to divest the entire $4 billion that it invested with hedge funds, saying they’re too expensive and complex. The decision to eliminate 24 hedge funds and six hedge fund-of-funds, is not related to the performance of the program, interim chief investment officer Ted Eliopoulos said Monday. The board of the $298-billion pension, known as Calpers, has not decided where to invest the money after the pullout, which will take about a year, he said.

Hedge fund manager offers $1m for ‘immortality’ (HereIsTheCity)
Joon Yun, president of $1 billion health care-focused Palo Alto Investors, announced a new prize last week that will award $1 million to researchers who can “hack the code of life and cure aging.” “The current health care system is doing a remarkable job addressing the diseases of aging,” Yun, also a trained doctor, said in a statement. “However, doing so without solving the underlying process of aging produces escalating effects on health care spending. We need a paradigmatic revolution. The aim of the prize is to catalyze that revolution.”

George Soros Gives $4 Million To Ebola Treatment Facilities (JewishBusinessNews)
Paul Farmer, co-founder of Partners in Health, noticed something different about the recent Ebola breakout from others… George Soros’s Open Society Foundation donated $4 million to Farmer’s project to treat and lessen the cases of Ebola. Chris Stone, the organization’s president, said, “The coalition got us a proposal the next day, they answered all our questions the day after, and we got them the funds they needed before the week was out.”

Back Off, Hedge Fund: Olive Garden Says It Doesn’t Need Advice (BusinessWeek)
It took four days for Darden Restaurants, Inc. (NYSE:DRI) to reply to a sweeping condemnation of just about every facet of its flagship Olive Garden chain by the major shareholders at an activist hedge fund. But perhaps the delay is understandable: Starboard Value’s revival plan (pdf), which concerned itself with breadstick waste and unsalted pasta, weighed in at nearly 300 pages. Darden’s reply (pdf), at just 24 pages, argues that the fixes to the Olive Garden’s woes are already under way.

End of ‘costly’ hedge fund trend? (CNBC)

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!