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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

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

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!