Hedge Fund News: John Paulson, Tom Steyer & Steven Cohen

Page 1 of 2

Paulson hedge fund discloses Greek stakes (Kathimerini)
A fund run by billionaire investor John Paulson has acquired minority stakes in a bank and a water company in Greece, adding to evidence the country was attracting international investors back after a deep six-year slump. Greece’s fourth-largest lender, Alpha Bank, said in a statement Paulson & Co Inc had disclosed a 5.4 percent stake in the bank, without giving further details. Alpha was bailed out by the European Union and the International Monetary Fund last year alongside Greece’s other three major lenders.

best gold ETF

Will hedge-fund billionaire assist Inslee by spending on Washington races? (TheNewsTribune.com)
Gov. Jay Inslee has an ambitious agenda for shrinking Washington’s carbon footprint. The 2014 midterms could decide whether his plan has much of a chance – and the spending decisions of a California billionaire could be critical. A crusader against climate change, Tom Steyer last year plowed more than $500,000 of his hedge-fund fortune into Washington elections. Most of it targeted a single state Senate race – one that Inslee and Steyer had discussed as they struck up a working relationship last May, records and interviews show.

Goldman Sachs extends loan to Steven A. Cohen (Hedgeworld)
Goldman Sachs Group Inc. is still doing business with Steven A. Cohen and extended a loan to the billionaire after his firm, SAC Capital Advisors, pleaded guilty to insider trading. Goldman Sachs Bank USA, the parent of the bank for the ultra wealthy, filed a notice in February with the Connecticut Secretary of State that disclosed the loan. The filing did not give an amount or say what Cohen pledged as collateral, but a person familiar with the matter said the investor put up “certain items of fine art.”

Tiger Asia’s Hwang Should Get HK Dealing Ban, Panel Told (Bloomberg)
Tiger Asia Management LLC and founder Bill Hwang, who admitted illegally using inside information to trade Chinese bank stocks, should be banned from dealing in Hong Kong for as long as five years, an inquiry was told. Raymond Park of the New York-based hedge fund should also be banned, Simon Westbrook, a lawyer for Hong Kong’s Securities and Futures Commission, told Hong Kong’s Market Misconduct Tribunal today. Tiger Asia, which has been renamed Archegos Capital Management LLC and turned into a family office, agreed to pay HK$45.3 million ($5.8 million) to Hong Kong investors affected by the trades and $60.3 million in U.S. criminal and civil settlements after a legal battle that began in 2009.

Buffett’s insiders’ Woodstock: James Saft (Reuters)
Warren Buffett and Charlie Munger might be the greatest investing team of all time but they are dead wrong about the merits of activist investing. “I don’t think it’s good for America,” Munger said when asked about activist investing, the practice of building stakes in companies in order to try to pressure management to change course. The irony is that Berkshire’s annual jamboree is sometimes called the ‘Woodstock of capitalism’. Nothing could be more capitalist than the owners of companies influencing how they are run, and yet in the form of shareholder capitalism now practiced in the U.S., with its self-protecting circles of top management, boards and consultants, this sometimes feels like a principle more honored in the breach than in the observance.

Do hedge fund managers make too much? (CNBC.com)

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

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 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

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!