Hedge Fund News: Jim Chanos’ Pupils, George Soros & Paul Singer

Page 1 of 2

Kynikos Alumni Start Hedge Fund Betting on Declining Stocks (Bloomberg)
Two former analysts of Jim Chanos’s Kynikos Associates Ltd., which rose to fame shorting Enron Corp., started a new London-based hedge fund earlier this month to bet on falling stocks globally. The Arhammar Short Alpha Fund Ltd., which started on Oct. 10 and is backed by the second-largest Baltic bank SEB AB (SEBA), will invest in 30 to 50 stocks which are expected to underperform the market, co-managers Mike Monnelly and David Bonnier said, declining to specify the amount of capital the fund has raised.

Jim Chanos on china map

Ex-Credit Suisse traders return to sellside with Nomura (eFinancialNews)
Carlo Ramirez and Olivier Garcia, who left Credit Suisse Group AG (NYSE:CS) in 2011 to set up a hedge fund, joined Nomura in London earlier this month, according to people close to the situation. Two former colleagues at the fund, Dilbagh Kalsi and Thierry Guilhot, have also joined. Ramirez is a former head of Asian trading for equity and equity derivatives at Credit Suisse, while Garcia previously led Asia-Pacific exotic trading at the Swiss bank, according to a Bloomberg article in 2012. They incorporated RG Investment Capital at Companies House in late 2011 and won regulatory authorisation in May 2012.

Fortress Third-Quarter Profit Rises 1.6% on Investments (Bloomberg)
Fortress Investment Group LLC (NYSE:FIG), the first publicly traded private-equity and hedge-fund manager in the U.S., said third-quarter profit rose 1.6 percent as its investments gained in value. Pretax distributable earnings, which exclude some compensation costs and other items, increased to $65 million, or 13 cents a share, from $64 million, or 12 cents, a year earlier, New York-based Fortress said today in a statement. The results missed the 15-cent per-share average profit estimate of seven analysts in a Bloomberg survey. …Both The Blackstone Group L.P. (NYSE:BX) and KKR & Co. L.P. (NYSE:KKR) reported higher third-quarter earnings this month as their holdings appreciated.

Hedge funds face automation challenge (Risk)
For an industry that has been so quick to deploy cutting-edge technology in its trading strategies, hedge funds remain crustily old-fashioned when it comes to other parts of the business. Procedures for handling and processing investor subscriptions have barely changed in decades, and are based largely on error-prone manual input. That may have to change. A host of new rules – from the US Dodd-Frank Act and European Market Infrastructure Regulation, to the US Foreign Account Tax Compliance Act (Fatca) and Europe’s Alternative Investment Fund Managers Directive – increase the reporting burden on hedge funds, which will have to achieve greater automation to have any chance of complying, observers say.

Paul Singer: Obamacare rollout a ‘fiasco’ (CNBC)
Hedge fund manager and billionaire conservative Paul Singer thinks the Affordable Care Act is a disaster. “It is no surprise, given the highly ideological component of its founding impulse as well as the lack of executive experience in its inventors, that the rollout of the national electronic network just weeks ago would turn into a (possibly temporary, but more likely ongoing) fiasco,” Singer wrote in a letter to Elliott Management investors obtained by CNBC.com “(It) may just be the introduction to the surprises and frustrations that are likely to befall tens of millions of Americans in the next few years.”

Why Japan is great for stock pickers now (CNBC)

Page 1 of 2

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

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!