Hedge Fund News: George Soros, Thomas Steyer & Nouriel Roubini

Page 1 of 2

Soros considers investing in European banks (HedgeWorld)
George Soros wants to invest in Europe’s financial sector, according to a German magazine’s interview with the billionaire investor on Sunday [Feb. 23]. “I believe in the euro,” weekly Der Spiegel quoted him as saying. “Therefore my investment team is looking forward to make a lot of money soon in Europe by, for example, pumping money in banks which urgently need capital,” he added, noting the euro zone needs this kind of private investment right now. Soros, who founded Soros Fund Management, is one of the hedge fund industry’s most closely watched investors.

George Soros - Soros Fund Management

Sprott Bets on Mexico as Hedge Fund Boosts Bonds: Canada Credit (Bloomberg)
Sprott Asset Management LP is betting Canada’s bond market will be on the losing side of a deepening North American rivalry with Mexico for the fruits of a recovering U.S. economy. Michael Craig, fixed income portfolio manager at Canadian hedge fund Sprott Inc., said he’s buying Mexican government debt because demand for Mexican oil is growing at Canada’s expense. The move comes as the firm, which made its fortune investing in gold and mining stocks, boosts its fixed-income allocation in balanced funds to 30 percent from 25 percent, according to co-chief investment officer John Wilson.

SAC Vet Vine To Launch Hedge Fund Backed By Dymon (Finalternatives)
A refugee from SAC Capital Advisors’ London office plans to launch a Asia-focused equity long/short hedge fund with Dymon Asia Capital. Carl Vine has set up Port Meadow in Oxford, U.K. The firm will launch its maiden fund in the second quarter, with US$150 million in initial assets, from both Dymon and Port Meadow’s partners. The latter include Li Shen, David Perrett and David Tuthill, who worked with Vine at SAC and at UBS AG (ADR) (NYSE:UBS). Port Meadow and Dymon hope to raise as much as US$500 million for the new fund in its first year.

Blue Harbour Pushes For Asset Sales At Hedge Fund-Owned Tribune (Finalternatives)
Activist hedge fund Blue Harbour Group has a “friendly” request for its fellow hedge funds that control the Tribune Co.: Sell off its real-estate holdings and share of the electromagnetic spectrum, please. Blue Harbour founder Clifton Robbins announced a 2.5% stake at the annual meeting of fund of hedge funds EnTrust Capital earlier this month, The Wall Street Journal reports. And he said he has urged the company’s leadership, including chairman Bruce Karsh, head of Oaktree Capital Management, to consider selling off additional assets to boost shareholder value.

Money Managers Pile into Hedge Funds (MainStreet)
Institutional money managers love hedge funds, for better or worse. Mostly worse. Hedge funds trailed the performance of the S&P 500 for the fifth year in a row in 2013 and are still below their all-time highs attained back in 2007, according to Bloomberg. But in spite of the lagging performance and high fees of alternative investments, professional money runners continue to pile in. Hedge funds are expected to reach a record breaking $3 trillion in assets by the end of 2014, up from $2.6 trillion as of year-end 2013, according to a Deutsche Bank AG (USA) (NYSE:DB) investor survey. Money managers say they will pour in $171 billion to hedge funds this year.

Starboard Wants To Put Red Lobster Spinoff Plan To Vote (FoxBusiness)
Darden Restaurants, Inc. (NYSE:DRI)‘s plan to spin off its Red Lobster chain should be put to a shareholder vote, activist hedge fund Starboard Value LP said. Darden said in December it would spin off or sell the floundering Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group. Starboard Value, which owns a 5.5 percent stake in Darden, has been urging the largest U.S. full-service restaurant operator to delay plans to spin off Red Lobster.

Ackman/Herbalife saga not over (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 Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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

Top 6 Cities For The Ultra Rich to Live in Comfort

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

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!