Hedge Fund News: Jim Chanos, Davidson Kempner & Jana Partners

Page 1 of 2

Masters in Business: James Chanos (BloombergView)
Hedge-fund manager James Chanos of Kynikos Associates describes how he became a “fundamental short seller” in this week’s “Masters in Business” podcast. Listen to the full interview here. Early in his career as an equity analyst at Gilford Securities, he discovered that Baldwin Piano had morphed into a seller of insurance annuities and was also becoming a serial acquirer of other insurers. But the numbers didn’t add up. Chanos kept asking questions, eventually leading to the discovery that earnings were being pulled forward, creating very misleading numbers…

Jim Chanos on china map

Point72’s President Thomas Conheeney to quit (Fortune)
Point72 Asset Management’s President Thomas Conheeney will leave the hedge fund giant, according to reports. Founded by Steven A. Cohen in 1992, the hedge fund has seen eight current or former employees convicted on criminal charges related to insider trading, The Wall Street Journal said. Earlier this year the fund changed its name from SAC Capital Advisors LP to Point72 Asset Management.

Davidson Kempner Makes the Most of Multistrategy Model (InstitutionalInvestorsAlpha)
A summary of Davidson Kempner Capital Management’s portfolio in the second quarter reveals that the firm made money in each of the first six months this year, a feat few funds can claim in this roller-coaster year for many of the world’s markets, according to a document offering a rare peek into the historically opaque firm. The New York-based multistrategy hedge fund fund firm has posted a 6.3 percent gain in the first half of the year, with relatively low volatility compared with other hedge funds.

Steadfast Sues Texas O&G Investment Firm Over Trademark (Law360)
Hedge fund manager Steadfast Financial LP hit oil and gas financial services firm Steadfast Financial LLC with a trademark infringement suit in Texas federal court on Friday, arguing an ongoing suit against the latter has harmed the hedge fund manager’s reputation. Plaintiffs Steadfast Financial LP and its affiliated Steadfast Capital Management LP say they own an “incontestable” registered mark for “Steadfast” for “financial services, namely, financial analysis and consultation, forecasting and research, and financial investments in the field of mutual funds, hedge funds and private equity…

Liberal Billionaire: 99.5% of Americans Are Not ‘Super Sophisticated’ (CNSNews)
Billionaire hedge-fund manager Tom Steyer attempted to explain why there is still a sizable portion of Americans that do not buy in to global warming alarmism by, basically, generalizing virtually all of America as not “super sophisticated.” Speaking at a climate conference hosted by the American Renewable Energy Institute, Steyer said: “I think if you were to go around to most of the — what I would think of as super-sophisticated people who think about politics and policy more than five minutes a month — we are doing really well.”

Hedge Funds Lose Appeal In Porsche Suit (HedgeCo)
Porsche has won a case in the US appeals court put forward by a group of over 30 hedge funds led by Greenlight Capital, Elliott International and Perry Partners, who tried to sue the carmakers for 1.81 billion euros (approximately $2.4 billion), Reuters reports. The news source said: “The 2nd U.S. Circuit Court of Appeals on Friday [Aug. 15] said Porsche’s alleged wrongdoing was “so predominantly foreign” that it could not be held liable in U.S. federal courts under domestic securities fraud laws. It also said that the hedge funds might still “conceivably” show that U.S. laws should apply, and try to amend their lawsuit in Manhattan federal court.”

Market jitters: Energy & equities (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

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

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

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!