Hedge Fund News: John Paulson, Marc Faber & Warren Buffett

Page 1 of 2

Hedge Funds Dodge Brunt of Selloff as Dalio to Paulson Gain (BusinessWeek)
Hedge funds held up better than global stocks last month, falling an average of 0.1 percent as equities slumped amid a selloff in emerging-market currencies and signs of weakness in China. Ray Dalio’s Bridgewater Associates LP rose 1.1 percent as of Jan. 28 at its Pure Alpha II fund, and John Paulson posted gains in all his main funds in the month, according to people familiar with the matter. Global stocks declined 4 percent for the full month, including reinvested dividends.

best gold ETF

Baupost Returns 15% (Finalternatives)
The Baupost Group enjoyed its best year in four in 2013. The Boston-based hedge fund returned 15% last year, Alpha magazine reports. The return easily topped the average hedge fund, which rose in the mid- to high-single digits, but was only half of the return posted by the Standard & Poor’s 500 Index. One reason for the lag is that Baupost kept about 40% of its assets in cash last year, leaving it on the sidelines even as stocks soared. The $26 billion firm wasn’t thrilled with the opportunity set in the current market, and returned $4 billion to investors in December.

Eighth SAC employee convicted of insider trading (WestFairOnline)
An eighth SAC Capital hedge fund employee was found guilty of insider trading by a federal jury in Manhattan Thursday. The jury convicted Mathew Martoma, a former SAC portfolio manager, of illegally trading on confidential information with regards to a clinic trial for an Alzheimer’s drug. The deal earned SAC $275 million. With two counts of securities fraud and one count of conspiracy, a prison sentence of seven to 10 years is expected for Martoma, according to the New York Times.

Two Sigma Suspends Surveys of Stock Analysts (WSJ)
Hedge-fund firm Two Sigma Investments LLC has suspended a survey program intended to garner information about companies from stock analysts, following a similar move by asset manager BlackRock, Inc. (NYSE:BLK) last month under a settlement with New York. The New York-based Two Sigma decided to suspend its survey program in mid-January, shortly after BlackRock’s agreement with New York Attorney General Eric Schneiderman was announced. The attorney general’s office had issued a subpoena to Two Sigma last year, the firm said, as the state was taking a broader look at such surveys.

Hedge funds protect the downside in January (PIOnline)
Critics of the industry who cite increasing correlations between hedge fund returns and overall equity markets during the recent bull market will be upset to see they actually appear to be what their name implies – hedged. In January eVestment’s aggregate hedge fund performance measure was down 0.56% for the month. Market neutral equity strategies were up 0.22% and long/short strategies were down 0.28%. The S&P 500 returned -3.46%, while the MSCI ACWI ex-U.S. was down more than 4.5%.

Buffett Leads Money Manager Protege in 10-Year Market Wager (MoneyNews)
Berkshire Hathaway Inc. (NYSE:BRK.A) CEO Warren Buffett leads New York money manager Protege Partners six years into their 10-year, $1.27 million financial market bet. Buffett wagered that Vanguard 500 Admiral fund, which tracks the Standard & Poor’s 500 Index, would beat the average returns of five hedge funds of funds chosen by Protege, Fortune reports. The Vanguard fund rose 43.8 percent in the six years ended Dec. 31, compared with an estimated 12.5 percent for the five Protege funds, according to the magazine.

Hedge funds & the Japanese trade (CNBC)

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

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!