Hedge Fund News: George Soros, Sony Corporation (ADR) (SNE), Apple Inc. (AAPL)

Page 1 of 2

Editor’s Note: Related tickers: Sony Corporation (ADR) (NYSE:SNE), Fortress Investment Group LLC (NYSE:FIG), Apple Inc. (NASDAQ:AAPL), Herbalife Ltd. (NYSE:HLF), The Blackstone Group L.P. (NYSE:BX), Deutsche Bank AG (USA) (NYSE:DB)

hedge fund researchSoros buys big stake in Herbalife (LATimes)
Investing tycoon George Soros has bought a significant amount of stock in Herbalife Ltd. (NYSE:HLF), further complicating Wall Street’s intense interest in the Los Angeles nutritional products company. He’s the latest hedge fund titan to line up for or against the stock since William Ackman, the founder of Pershing Square Capital Management, called Herbalife Ltd. (NYSE:HLF) a pyramid scheme. Ackman bet $1 billion the company’s shares would fall. Soros, whose net worth was estimated at more than $19 billion by Forbes magazine this year, has been researching Herbalife Ltd. (NYSE:HLF) for a year, according to a person familiar with the matter who was not authorized to speak publicly. Soros Fund Management holds more than $8.5 billion in equities, according to a recent regulatory filing.

Sony to reject entertainment spinoff proposal (News24)
Sony Corporation (ADR) (NYSE:SNE)‘s board is likely to reject a US hedge fund’s proposal to spin off part of its profitable entertainment arm, a report said on Thursday, as the electronics giant prepares to report its quarterly results. …Some directors argued that Sony Corporation (ADR) (NYSE:SNE) can compete better as a whole firm instead of hiving off part of the entertainment division, the Nikkei said without citing sources. US billionaire Daniel Loeb, who says his hedge fund Third Point has amassed the largest stake in Sony Corporation (ADR) (NYSE:SNE), called on the Japanese firm’s executives to spin-off up to 20% of the unit, which includes a music label and Hollywood movie studio.

David Einhorn clings to Apple amid concerns of market correction, Marcato Capital may see value in Sothebys real estate, Pharo Macro bets on Greek, Spanish and Italian debt turning sour (Opalesque)
David Einhorn clings to Apple Inc. (NASDAQ:AAPL) amid concerns of market correction From TheStreet.com: David Einhorn of hedge fund Greenlight Capital Management continues to hold an over $1 billion stake in Apple Inc. (NASDAQ:AAPL) as the long and short hedge fund braces for the prospect of a global market correction. “We continue to hold the positions that cost us the most in the quarter,” Einhorn said of the hedge fund’s holding of Apple Inc. (NASDAQ:AAPL) shares during the second quarter. Greenlight owns roughly 2.4 million Apple Inc. (NASDAQ:AAPL) shares worth just in excess of $1 billion as of Monday’s close, according to first quarter data compiled by Bloomberg.

SAC Seen Avoiding $14 Billion Death Penalty From U.S. (Bloomberg)
The money-laundering complaint U.S. Attorney Preet Bharara filed against SAC Capital Advisors LP last week raised the prospect that all of the hedge fund’s $14 billion in assets may be subject to forfeiture. “The government couldn’t put Steve in jail,” said Michael Bachner, a defense attorney and former New York prosecutor. “But they decided to give his money the death penalty.” Bharara seeks forfeiture of “all right, title and interest” in all of SAC’s assets, should he prove his money-laundering case. Rulings interpreting the statute, however, suggest a less drastic outcome is possible for the Stamford, Connecticut-based hedge fund and its founder Steven Cohen.

Who Are Europe’s Hedge Fund Winners? (WSJ)
Want to know who the biggest hedge funds are in Europe? And what are the best performing strategies? A survey by our sister title Financial News lifts the lid. They’ve just done a ranking of the top 20 hedge funds by size based on overall assets under management, which puts Brevan Howard at the top, followed by BlueCrest in second and Man Group in third. Overall growth at the top 20 remained virtually flat in the past 12 months, dragged down by poor performance from managed futures strategies but boosted by buoyant equity markets.

Japan regulator says Singapore-based hedge fund manipulated share prices (Reuters)
A Singapore-based hedge fund manipulated prices in the Japanese equity market and should pay a 431 million yen ($4.38 million) fine, Japan’s securities regulator said, which would be biggest ever imposed against a non-Japanese firm for market manipulation. The Securities and Exchange Surveillance Commission (SESC) said on Wednesday that Juggernaut Capital Management inflated the share price of real estate developer Rise Inc for 26 business days during March and April last year. Efforts to contact Juggernaut founder Yashwant Bajaj in Singapore were unsuccessful.

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

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!