Hedge Fund News: Eric Mindich, Warren Lichtenstein & Daniel Loeb

Page 1 of 2

Investors Pull $1 Billion from Eric Mindich’s Eton Park (InstitutionalInvestorsAlpha)
Investors have pulled more than $1 billion from Eric Mindich‘s Eton Park Fund, managed by his New York-based multistrategy hedge fund firm Eton Park Capital Management, since the beginning of the year, investor documents show. The firm reported assets of slightly less than $8.9 billion at the end of June, according to a monthly report obtained by Alpha. The firm managed $10 billion at the beginning of the year, according to Alpha’s most recent Hedge Fund 100 survey, which ranks the 100 largest hedge fund firms in the world.

ETON PARK CAPITAL

Samlyn Capital Holds $150 Million Stake in Allergan (WSJ)
Samlyn Capital LLC, a hedge fund founded by a veteran of SAC Capital Advisors LP, has built a $150 million stake in Allergan, Inc. (NYSE:AGN) +1.00% and is weighing whether to support Valeant Pharmaceuticals Intl Inc (NYSE:VRX) +0.29% ‘s hostile bid for the maker of Botox. Samlyn’s stake was detailed in the hedge fund’s confidential investor documents obtained by The Wall Street Journal and confirmed by people familiar with the firm. Allergan’s current market capitalization is about $50 billion.

BlueCrest To Open Hong Kong Office (Finalternatives)
BlueCrest Capital Management plans to expand in Asia with a new office in Hong Kong. The hedge fund has applied for regulatory approval with the Hong Kong Securities and Futures Commission, Bloomberg News reports. BlueCrest already has an office in Singapore. Its new Hong Kong base will be led by James Chen, who will move to the city from Singapore. Chen, a former managing director at Barclays in Hong Kong, will initially lead a “small team” there, according to Bloomberg.

Hedge fund tycoon must keep paying $50G monthly child support: court (NYDailyNews)
Hedge fund multi-millionaire Warren Lichtenstein has lost a court battle to slash the staggering $50,000-a-month child support payments that he must make to Hong Kong socialite Annabelle Bond. In a ruling issued Thursday, Manhattan Supreme Court Justice Manuel Mendez says New York law recognizes a decision by a Hong Kong court that Lichtenstein, 48, must fork over the near-record child support payment for the couple’s daughter, Isabella, 6. The judge also ordered Lichtenstein to cough up the $570,110 plus interest that he owes Bond in unpaid child support in and legal fees.

Hedge Funds Notch Another Milestone (WSJ)
Hedge-fund assets have hit yet another record. The hedge-fund industry oversaw a record $2.8 trillion in assets at the end of the second quarter, according to industry tracker HFR Inc. That marked the eighth consecutive quarterly record for industrywide assets under management, up from $2.7 trillion at the end of the first quarter. Investors sent $30.5 billion to the hedge-fund industry in the second quarter, up from $26.3 billion in the first quarter and the largest quarterly allocation since the first quarter of 2011.

Cramer: Avoid rushed judgments (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

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

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

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!