Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund News: John Arnold’s $10M Donation, Paul Singer & Advertising

Page 1 of 2

Former Centaurus Hedge Fund Founder Donates $10 Million During Government Shutdown (HedgeCo)
Former hedge fund manager John Arnold and his wife have pledged up to $10 million in an effort to fund Head Start programs that could no longer operate due to the government shutdown. “Early childhood programs for low-income families in six states, forced to close because of the government shutdown, will reopen.” CNN reports. “More than 7,000 at-risk children will be able to return to their Head Start classrooms after philanthropists Laura and John Arnold extended up to $10 million in emergency funding support to the National Head Start Association.” The charity said. “The support will provide assistance to Head Start and Early Head Start programs that were forced to close or are facing closure this month as a result of the government shutdown.”

John Arnold

SAC Is Said to Weigh Plea Deal in Insider Trading Case (NYTimes)
After months of fighting the government’s insider trading case tooth and nail, the hedge fund SAC Capital Advisors is leaning toward admitting criminal wrongdoing and agreeing to pay a record financial penalty to resolve the charges, according to two people briefed on the deliberations. …In agreeing to have SAC plead guilty and pay the hefty fine, SAC’s owner, Steven A. Cohen, would be seeking to put his legal woes behind him in the hopes of salvaging his business. Once he resolved the government’s case, Mr. Cohen would look to transform SAC into a “family office” that would manage Mr. Cohen’s own wealth.

Warren Buffett Says No Deal on Debt Ceiling Like a Nuclear Bomb (Forbes)
Another 160 points down on the Dow Industrials and another meaningless press conference from President Obama promising to never pay a “ransom” to the Republican Tea Party. The sense of the brinksmanship suggest to me that we are wandering in a no-man’s land. You don’t hear anyone in Congress or the White House echoing Warren Buffett’s warning of a “nuclear bomb.” I thought the whole showdown was the Republican anathema of the Affordable Care Act, better known as ObamaCare.

Hedge funders reach deep into their pockets to help children (Opalesque)
A lot of charitable acts took place in the hedge fund industry recently. A Leg To Stand On’s (ALTSO’s) second annual Rocktoberfest-Chicago, on October 3rd, raised close to $100,000 with the strong support of major sponsors and attendees from more than 400 Midwestern financial, business and hedge fund communities. “I am incredibly proud to see so many caring individuals from the Chicago financial community come together in support of ALTSO’s vital mission,” said hedge fund manager and ALTSO co-founder/chairman C. Mead Welles…

Why Icahn’s Apple Buyback Is a Dumb Idea (InvestorPlace)
Carl Icahn thinks he knows just what Apple Inc. (NASDAQ:AAPL) stock needs to start moving in the right direction: Fewer shares of Apple stock the market. But Apple investors who think this is a good idea need to take a hard look at other failed stock buybacks before they endorse Icahn’s plan for AAPL. The activist investor has been pushing for an unprecedented AAPL stock buyback tallying $150 billion — more than one-third Apple’s current market cap. For perspective, that alone is more than tech buyback leaders Microsoft Corporation (NASDAQ:MSFT), Oracle Corporation (NASDAQ:ORCL), Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ) and Texas Instruments Incorporated (NASDAQ:TXN) have spent in the last five years combined.

Computer-driven hedge fund Density to shut down (Reuters)
Sweden-based hedge fund Density is to close after a poor performance, its manager told Reuters on Tuesday, as computer-driven funds struggle to cope with markets dominated by central bank money-printing. Density’s troubles reflect those of high-profile computer-driven (also known as commodity-trading advisor or CTA) funds such as BlueTrend, Man Group’s (EMG.L) AHL and Cantab Capital’s CCP fund, which have also suffered losses as central bank actions disrupt the long-running market trends they like to follow.

Record hedge fund inflows come at a price (FT)
For hedge funds, with all due deference to Dickens, this is the best of times, and this is the worst of times. Never since the sector began to take on meaningful shape some two decades ago has its performance, in aggregate, been so poor. And yet never has it been so successful in raising assets from the public. Not only that, but surveys suggest that if ever hedge fund managers lie awake worrying at night, it is their attempts to raise funds, rather than to manage money, that worry them.

Tiger’s Robertson: Don’t think the US will default (CNBC)

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!