Hedge Fund News: George Soros, Paul Singer & Bill Ackman

Page 1 of 2

Soros Drops Shares in Israel’s SodaStream (JewishVoiceNY)
Billionaire investor George Soros’ family office, Soros Fund Management, has jumped on the divest Israel band wagon. He has sold all his holdings in the Israel based company Sodastream International Ltd (NASDAQ:SODA), which consisted of 550,000 shares. SodaStream has its main factory located in the West Bank region. This sudden sale has returned them to the spotlight again, since the beautiful Scarlett Johansson controversy had them in the headlines a while back. A Soros spokesman declined to comment on the motivation behind the sale.

Paul Singer & George Soros

Former Associate Dean of MIT Sloan School and His Harvard MBA Son Agree to Plead Guilty in Hedge Fund Scam (HedgeCo)
Two Boston-area hedge fund managers were charged today with conspiracy to commit securities fraud, wire fraud and obstruction of justice. Gabriel Bitran, 69, of Newton, a former professor and associate dean of the Massachusetts Institute of Technology (“MIT”) Sloan School of Business, and his son Marco Bitran, 39, of Brookline, a Harvard Business School graduate and money manager, were charged with conspiracy to commit securities fraud, wire fraud and obstruction of justice in connection with their hedge fund businesses, GMB Capital Management and GMB Capital Partners. Both Gabriel and Marco Bitran have agreed to plead guilty to the charge.

SEC Launches ‘Sweep’ Of Alternative Mutual Funds (Finalternatives)
The Securities and Exchange Commission is casting a skeptical eye on one of the fastest-growing trends in alternative investments: hedge-fund like mutual funds. The regulator has begun a “sweep” of the alternative mutual fund industry, The Wall Street Journal reports. For now, the SEC’s mission is information-gathering, rather than enforcement, with plans to examine about 30 firms offering such funds by April. If the agency finds anything, it may choose to examine additional managers.

Polar Star to launch two new balanced commodity hedge funds this month (Opalesque)
A South African commodity hedge fund shop located in Cape Town is launching two new funds following the success of its existing crops. The history of the firm started with the Polar Star Fund (ZAR), which was launched in October 2008 within BlueAlpha Investment Management. In January 2010, Murray Derksen and Casper Groenewald joined BlueAlpha as the new managers on this fund. They launched the Polar Star Fund Limited (USD) in July 2010 and were later joined by their former colleagues from Rand Merchant Bank, Johann Theron in February 2013 and Francois Maritz in May 2014.

Pershing Square’s Ackman touts performance ahead of IPO (NYPost)
Bill Ackman is touting his 10-year track record as a corporate cage rattler while defending two of his more controversial activist plays as he gears up for an IPO later this year. Since launching Pershing Square in 2001, Ackman said his funds have an annualized rate of return to investors of 21 percent — one of the top hedge fund performances — compared with 8 percent for the benchmark S&P 500. Ackman cited his performance in his second quarter letter to investors, in which he also made reference to the upcoming IPO of one of his funds, saying it would happen “later this year.”

PE firms focused on ‘exit activity’: Pro (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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

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

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!