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
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

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

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

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!