Hedge Fund News: Joel Greenblatt, Jeffrey Vinik & Pershing Square

Page 1 of 2

Hedge Fund Legend Joel Greenblatt – Writing A Bigger Book (GuruFocus)
Every year, when Joel Greenblatt (Trades, Portfolio) kicks off his value and special-situation investing class at Columbia Business School, he makes his students a guarantee. “If they are good at valuing businesses, the market will agree with them, typically within two or three years,” says Greenblatt, who has been an adjunct professor since 1996. While he can’t make any such guarantees to investors, his track record lends validity to this thesis. Using an über-concentrated deep-value approach, the hedge fund he founded in 1985 produced 34% average annual gains, after fees and expenses, for the first decade…

GOTHAM ASSET MANAGEMENT

Could the Knicks Be an Activist Play at Madison Square Garden? (WSJ)
Could an activist investor score a sale of the New York Knicks? Hedge fund JAT Capital Management LP filed an activist position in The Madison Square Garden Co (NASDAQ:MSG) +1.64% with the SEC late on Friday night, disclosing it owns a 6.7% stake in the Class A shares. That would be enough to make them a top 3 player in the stock, according to FactSet. JAT, which has never filed an activist position before and therefore isn’t likely to fight a public campaign, doesn’t give any hint at what its thesis is or what it would seek…

Hedge fund crude bets tumble amid surging global supply (LiveMint)
Speculators are the least bullish on the US crude oil prices in 16 months as refinery maintenance weakens demand at a time when Libya and Iraq are swelling global supplies. Futures dropped a fifth consecutive week after money managers reduced net-long positions in West Texas Intermediate, the US benchmark grade, by 14% in the seven days ended 19 August, the Commodity Futures Trading Commission said. Prices sank below $95 on 19 August for the first time in seven months as US air strikes in Iraq helped reverse the advance of Islamic State militants and Kurds work to increase oil shipments.

Accounting Firms Profit From Hedge-Fund Regulation (Finalternatives)
New international hedge fund regulations are proving a headache for the industry—but a boon for accounting firms. The so-called “Big Four” accountancies are ramping up their offerings to hedge funds, helping them navigate complex new rules and regulations on both sides of the Atlantic. In particular, the European Union’s new Alternative Investment Fund Managers’ Directive is driving hedge-fund managers to seek more advice from accountants—and driving those accountants to bolster their hedge-fund teams and services.

UBS Hedge-Fund Distribution Exec. Promoted (Finalternatives)
UBS Wealth Management has placed a hedge-fund distribution specialist at the helm of its whole Asia-Pacific distribution effort. Paul Stefansson was named head of investment fund distribution for the region, Citywire Asia reports. He succeeds René Buehlmann, who was named Asia head of UBS Global Asset Management last month. Stefanson had been a managing director for investment and hedge fund distribution at the firm, which he joined in 2006. He will remain based in Singapore in his new role.

Woman leaves hedge fund to craft career out of rum (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

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!