Hedge Fund News: James Dinan, Dan Loeb & Citadel Investment Group

Page 1 of 2

James Dinan’s York Fared Well in the First Half (InstitutionalInvestorsAlpha)
James Dinan‘s New York-based hedge fund firm, York Capital Management, got off to a strong start this year, making it perhaps the best-performing multistrategy firm in the first half of 2014, thanks to gains in its special situations positions, among others. Its York Investment fund is up 12.1 percent through the first six months of the year after gaining 5.5 percent in the second quarter. The firm’s York Credit Opportunities fund is faring even better, posting a 12.8 percent gain for the year. York declined to comment on the results. And it is unclear whether the funds…

YORK CAPITAL MANAGEMENT

No Early Release For Ailing Israel (Finalternatives)
When she sentenced hedge fund fraudster Samuel Israel to 20 years in prison six years ago, U.S. District Judge Colleen McMahon knew exactly what she was doing—and she isn’t having doubts. McMahon has rejected Israel’s bid for an early release from the 22 years she sentenced him to—the extra two years were for bail-jumping. Israel argued that the Federal Bureau of Prisons wasn’t adequately treating his medical ailments and that he suffered a “near-death experience.”

Hedge funds increase short exposure (GlobalInvestorMagazine)
Aggregate hedge fund performance was negative at -0.35% in a volatile July, making it the industry’s fourth month of losses in 2014. This dropped year-to-date returns to 2.62%, according to eVestment. There was second consecutive month rise of short exposure heading into July. Median short exposure had been near its five-year low through much of 2013, but has since risen to its highest level since February 2010.

Third Point’s Loeb Cost Sotheby’s $24 Million in Fight (Bloomberg)
Fighting with billionaire activist hedge-fund investor Daniel Loeb can get expensive. A proxy battle cost Sothebys (NYSE:BID) $24.3 million in the first half of this year, the New York-based auction house said today as it reported second-quarter earnings. The amount is larger than the $22 million expense reduction the company announced earlier this year. The fight ended in May when Sotheby’s appointed Loeb to its board. Sotheby’s said it incurred the charges for advisory, legal and other fees associated with the proxy contest. Second-quarter profit fell 15 percent on higher tax expenses, Sotheby’s said in a statement.

Madoff trustee cannot void Merkin, Fairfield settlements -court (Reuters)
In a setback for the trustee seeking money for the former customers of imprisoned fraudster Bernard Madoff, an appeals court refused to void two settlements benefiting investors who sued “feeder funds” that sent their money to Madoff. Friday’s unanimous decision by a three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York leaves intact a $410 million settlement with J. Ezra Merkin, a Wall Street hedge fund manager who oversaw the Ariel Fund Ltd and Gabriel Capital LP, and an $80 million settlement with Fairfield Greenwich Ltd.

Squawk takes a stand on Valeant (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

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

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

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!