Hedge Fund News: Ken Griffin, David Einhorn & Bill Ackman

Page 1 of 2

Asset managers seek to deflect new rules (FT)
The asset management industry is playing US regulators against their international counterparts and stirring national sentiment on Capitol Hill in an attempt to head off new regulation of its biggest firms. Lobbyists are urging lawmakers to try to block new international rules to designate large asset managers as “systemically important”, while a similar review in the US remains in its infancy. The industry’s effort moves to Capitol Hill on Tuesday, one day after a hearing at the US Treasury, where hedge fund manager Ken Griffin told a regulator from the Bank of England that she was mistaking normal capital market volatility for systemic risk.

Ken Griffin CITADEL INVESTMENT GROUP

Must-know: Bill Ackman’s Pershing Square 1Q14 positions (MarketRealist)
Pershing Square Capital Management is a New York-based $13 billion activist hedge fund founded and run by Bill Ackman. Pershing Square Capital Management initiated new positions and sold stakes in 1Q14. The updates are outlined in the following table. The total value of the portfolio increased slightly to $8.3 billion in 1Q14 from $8.2 billion in 4Q13. …Pershing took new stakes in Platform Specialty Products Corp (LON:PAH), Apartment Investment and Management Co (NYSE:AIV), Allergan, Inc. (NYSE:AGN), and Home Properties, Inc. (NYSE:HME). Positions sold include General Growth Properties Inc (NYSE:GGP) and The Procter & Gamble Company (NYSE:PG).

After ugly primary, McConnell appears headed to November (CentralKyNews)
The Republican Senatorial race ends on Tuesday after a dogfight between incumbent Mitch McConnell (R-Louisville) and challenger Matt Bevin that, at times, more closely resembled a WWE bout than a political race. In the right corner is Senate Minority Leader and undisputed heavyweight filibuster champ McConnell, a lawyer and former Jefferson County judge-executive who’s served for 30 years despite polarizing his own party with obstructive tactics. In the far-right corner is Matt Bevin, an Army veteran and hedge fund manager whose Republican, Tea Party and independent supporters are fed up with career politicians funded by corporate and foreign interests.

Nassim Taleb Debated Larry Summers Last Week, And He Is NOT Happy With How Summers Behaved (BusinessInsider)
Things got icy between former Treasury Secretary Larry Summers and author Nassim Taleb last week at SALT Las Vegas, one of the biggest hedge fund conferences of the year. The two shared the stage for a discussion about the global post-crisis financial system. The discussion was widely reported on (see MarketWatch and CNBC), but according to Taleb, Summers violated pre-approved ground rules of the debate. “I was fighting with a bully,” Taleb said of Summer’s performance, later adding, “It’s very strange for a Harvard professor to act like a cheap politician.”

Designer of Beats Headphones Prototype Discovers There’s No Free Lunch (Bloomberg)
Fans of the signature boom in Beats Electronics headphones can thank Mike Klasco, an audio-equipment consultant who was responsible for the speaker and related electronic innards of the original device. But if Apple Inc. (NASDAQ:AAPL) spends $3.2 billion to acquire Beats as expected, Klasco won’t be among those who reap the benefits. In 2005, he was hired by Stephen Lamar, a former hedge-fund manager who had created SLS Audio. Lamar was working with Beats owners Jimmy Iovine and Dr. Dre to create a new kind of headphone. Klasco went to work on a model that could handle the power needed for high-tech amplifier chips, which were just hitting the market.

Hedge Funds Fail To Catch Fire In May (Finalternatives)
Hedge funds are still struggling to find their footing in 2014, with most strategies losing further ground in May after declines in March and April. The average hedge fund is up 0.04% this month, according to the HFRX Global Hedge Fund Index, and 0.42% on the year. But 10 of the 18 strategies and substrategies tracked by the suite are in the red through May 13. Equity hedge funds have suffered the most, with fundamental growth funds shedding 1.15% (up 0.57% year-to-date) and equity market neutral funds 1.07% (up 1.56% YTD). Equity hedge funds overall lost 0.51% in the month’s first two weeks (down 0.7% YTD).

Deutsche Bank plans to raise new capital (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

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

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!