Hedge Fund News: George Soros, Mitchell Julis, Blackstone Group(BX)

Page 1 of 2

SOROS FUND MANAGEMENTBillionaire George Soros visits Vietnam (VietnamNet)
Appearing at a famous restaurant in Hanoi on the evening of December 26, the legendary billionaire casually dressed in a dark suit with a white shirt. Many people realized George Soros, who is known as one of the wisest investors, did not miss the opportunity to take photos with him. As one of the people who took photos with the 82-year-old billionaire that evening, Alpha Books CEO Nguyen Canh Binh wrote onhis facebook: “Tonight I accidentally and fortunately met and talked for two hours with George Soros.” During the meal, the 12th richest American told many stories about famous people in the United States as President Obama and billionaire Warren Buffett.

Porsche faces more VW lawsuits after court win (Reuters)
Porsche SE shares surged on Friday after it won a dismissal of a U.S. lawsuit by 26 hedge funds, one of several legal actions over its purchase of shares in Volkswagen, Europe’s largest carmaker. Posche shares were trading 6.3 percent higher at 1009 GMT, but analysts warned the German company’s triumph in court hinged on a legal formality rather than the substance of the case. On Thursday, a five-justice panel of the New York State appeals court in Manhattan found Porsche had established that the state was the wrong place in which to bring the lawsuit.

Blackstone sticking with SAC despite insider trading probe (LiveMint)
One of hedge fund billionaire Steven Cohen’s largest outside investors, private equity firm Blackstone Group LP, appears inclined to keep its money with his SAC Capital Advisors LP, even as the US government scrutinizes the fund in its ongoing insider trading probe. Three people familiar with the matter said the asset management arm of The Blackstone Group L.P. (NYSE:BX), which has $550 million invested with SAC Capital, is in no rush to redeem money from the Stamford, Connecticut-based hedge fund. Blackstone has had at least three discussions with the $14 billion hedge fund’s executives about the insider trading investigation and talked to its own investors, which include state pension funds, endowments and wealthy individuals.

Why You Should Be Skeptical About Hedge Fund Managers (DailyFinance)
In this video, author Jack Schwager tells us how hedge funds are often only as risky as the market. If you’re looking for some ways to hedge against risk yourself, becoming a dividend investor may be the key. For a few long-term investing ideas, let me invite you to read the Fool’s brand-new special report, “The 3 Dow Stocks Dividend Investors Need.” It’s absolutely free, so just click here and get your copy today.

Simple Alternatives Celebrates Three-Year Anniversary; Continued Growth in Assets Under Management (Sys-Con)
Simple Alternatives, LLC, a pioneer in the mutual hedge fund of fund space, celebrates their third anniversary since inception. “Three years ago we embarked on a vision that there’s a better way for investors to gain access to a diverse portfolio of premium hedge fund managers,” said James K. Dilworth CEO and founder of Simple Alternatives. “Our goal was to deliver the benefits of hedge fund strategies with daily liquidity, and better transparency.(1) Simple Alternatives dedicated pursuit of this vision and early acceptance by independent advisors has made access to institutional-caliber alternative investment strategies attainable for more investors.”

Houston energy hedge fund raised $7.6M from certain investors (BizJournals)
RVI Partners LP, a Houston energy hedge fund that trades commodities, has raised $7.62 million from certain investors since it launched in March 2011, documents filed with the U.S. Securities and Exchange Commission show. The hedge fund indicated in the filing that its base of investors who invested funds directly into the fund has increased from 15 at the time it launched to 27 as of Dec. 26. But overall, the hedge fund has $73 million in assets under management and managed fund accounts, which typically come from larger institutional investors, said Wayne Penello, an executive with the hedge fund.

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!