Hedge Fund News: Frank Brosens, Bill Ackman & George Soros

Page 1 of 2

Taconic Launches European Credit Hedge Fund (InstitutionalInvestorsAlpha)
New York-based multistrategy hedge fund firm Taconic Capital Advisors is raising money for a new hedge fund, a longer lock-up vehicle that will invest in illiquid situations in Europe. The new fund, called the Taconic European Credit Dislocation Fund, is intended “to fully capitalize on the less liquid opportunities we have identified in Europe, particularly in Spain, where we have a sourcing edge,” the firm tells clients in its second quarter letter, which was obtained by Alpha.

Frank Brosens

Hedge funds face true cyber-risks (Risk)
After defence firm BAE admitted that it did not thwart an unprecedented attack on a hedge fund’s high-frequency trading (HFT) system, questions remain as to the real threats posed by unidentified hackers. The falsified attack – apparently invented by a BAE employee who has now left the company (see box) – brings to light the problem that the same cyber-security companies that describe the risks of being hacked also sell clients services to protect them from the threat.

Ackman Says ‘My Bad’ on Herbalife Presentation (Bloomberg)
Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (NYSE:HLF) presentation last week: “My bad.” Investors may have missed the point because the event was long and overhyped, Ackman said in an interview. Even the private researcher who helped convince Ackman the company is an illegal pyramid scheme now says the details of a two-year investigation into Herbalife’s nutrition clubs were largely ignored. Ackman had promised to show an Enron-style fraud during the event. Instead of dumping the stock, investors sent the shares up 25 percent after the presentation, marking the biggest one-day gain in the history of the company. Ackman’s firm, Pershing Square Capital Management LP, bet $1 billion against the stock in 2012.

RBS Sales Head Jumps To Hedge Fund Element Capital (Finalternatives)
Richard Tang, the head of North America sales at Royal Bank of Scotland Group plc (ADR) (NYSE:RBS)’s securities arm, is leaving the bank for hedge fund Element Capital Management LLC as the lender retrenches in capital markets, according to two people with knowledge of the move. Tang, who has spent almost two decades at the bank, is one of 16 members of the Treasury Borrowing Advisory Committee that the U.S. government consults with on its debt sales. His departure was confirmed by Sarah Lukashok, a Stamford, Connecticut-based spokeswoman for Britain’s largest state-owned lender.

UCITS Hedge Fund Reach Record Highs (HedgeCo)
The first half of 2014 saw a new milestone reached in the alternative UCITS sector with assets under management growing by 15.6% to EU 184.2 billion, demonstrating continued demand for alternative strategies, according to the Alceda Half Yearly UCITS Review. However, Alternative UCITS strategies performed less well during the first half of 2014, advancing just 0.52%, compared to the 5.95% gains seen in 2013.

Cramer’s Stop Trading: Two oil themes (CNBC)

Page 1 of 2
Comments
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

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations 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!