Hedge Fund News: Israel Englander, Lee Ainslie & Appaloosa Management LP

Page 1 of 2

Hedge Fund Billionaire Izzy Englander Paid A Record $71 Million For His Palatial Duplex (BusinessInsider)
Izzy Englander and his palatial new duplex. It’s official: Hedge-fund billionaire Israel “Izzy” Englander paid a record $71.3 million for a duplex apartment at New York’s swanky 740 Park Ave., according to Bloomberg. That’s the highest price ever paid for a New York City co-op. The billionaire purchased the apartment from the country of France, which was once used by the French ambassador, for a whopping $23 million over the asking price. A three-way bidding war pushed up the apartment’s price, Curbed reported when the sale was first announced.

Millennium Management, Catapult Capital Management

How A Dinner At A Billionaire’s House Led To A Massive Hire For A Startup That’s Trying To Make Eggs Obsolete (BusinessInsider)
A little less than a year ago, Josh Tetrick was at a dinner in the home of billionaire hedge fund manager Tom Steyer. Steyer and his wife, Kat Taylor, were hosting the dinner for a non-profit that was trying to raise money. Tetrick is the founder of Hampton Creek, a San Francisco startup that’s exploring plant species to create alternatives to eggs. It currently sells an egg-less mayo, egg-less cookie dough, and it’s working on egg-less scrambled eggs.

Hedge Fund Blames High-Frequency Trading for Shutdown (WSJ)
A hedge-fund manager is blaming an unusual culprit for his firm’s demise: high-frequency traders. Rinehart Capital Partners LLC, which had been backed by hedge-fund veteran Lee Ainslie and specialized in emerging-markets stock-picking, is closing, according to a letter viewed by The Wall Street Journal. In the letter, Rinehart founder Andrew Cunagin aligned himself with those who have been critical of the rise of fast-moving traders.

Loeb’s Reinsurer Slumps as Hedge-Fund Investors Gain (Bloomberg)
Dan Loeb’s foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd (NYSE:TPRE), a Bermuda-based firm that relies on the billionaire money manager to oversee its assets, rallied about 50 percent last year after its initial public offering. Since peaking on Dec. 20, shares have slid 17 percent. Loeb’s main hedge fund, in contrast, returned 6.4 percent this year through August after gaining 25 percent in 2013.

Why You Should Consider Investing in CGI Group Inc. for Capital Growth (Fool)
In 2013, CGI Group Inc. (USA) (NYSE:GIB) was in the news for all the wrong reasons. The Obamacare fiasco put the company in the middle of a heated debate with our neighbors in the south. Add to that the negative press of hedge fund investor Jim Chanos announcing his short position, and we can begin to understand why the stock is only up 12% so far this year. Aside from that negative press, the underlying business is getting stronger and here are a couple of reasons why I like the company.

Cramer: World dreams of Apple’s balance sheet (CNBC)

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.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

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

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!