Hedge Fund News: Ken Griffin, Thomas Steyer & George Soros

Page 1 of 2

Citadel Outpaces Multistrategy Peers (InstitutionalInvestorsAlpha)
Kenneth Griffin’s Chicago-based hedge fund firm, Citadel, continues to deftly maneuver through the turbulence in global financial markets, which has confounded many multistrategy and macro hedge funds this year. In May alone, Citadel’s Wellington and Kensington Global Strategies multistrategy funds gained 1.5 percent. As a result, they are now up 5.4 percent for the year. Citadel’s Tactical Trading fund was up 1.45 percent in May and is up 8 percent…

Ken Griffin with computers

Net Ponzi Winners May Have to Pay Interest (CourthouseNews)
A trust that profited from Arthur Nadel’s multimillion-dollar Ponzi scheme may owe interest on its investments returns, the 11th Circuit ruled. Arthur Nadel was a hedge fund manager who ran a massive Ponzi scheme that collapsed in 2009. Over 10 years, Nadel raised at least $336 million from investors by misrepresenting the net profits of his funds with false monthly statements showing increases in investor accounts that did not exist. Instead, investor money was used to pay redemptions to earlier investors and management fees to Nadel.

An excerpt from Kate Kelly’s ‘The Secret Club That Runs the World’ (MSNBC)
Pierre Andurand was so comfortable with his $8 billion crude- oil position that he spent the first half of his day doing a hard- core workout with his personal trainer, casually reading the news on a Bloomberg computer terminal, and munching on lean pro-tein and toast at his London town house. It was May 5, 2011, Osama bin Laden had just been killed, and political instability in the Middle East seemed guaranteed to raise energy prices. Andurand made the short walk to his hedge-fund office at midday. Brent crude-oil futures, the commodity market based on petroleum drilled in Europe’s North Sea that he followed most closely, had been hovering in the low $120s that morning, which annoyed him…

Mired in Insider Trading Probes, Cohen Quietly Taps Boies as Counsel (FoxBusiness)
Maybe Steve Cohen isn’t out of the woods after all. FOX Business Network has learned the hedge fund titan has quietly retained famed defense attorney David Boies to help with legal issues Cohen continues to face involving the government’s crackdown on insider trading. Boies’s hiring has yet to be disclosed and the move is significant, according to people with direct knowledge of the matter. Cohen has been the target of criminal and civil probes involving insider trading for the past eight years and nearly a dozen people at his hedge fund SAC Capital have been implicated in the government probe.

Former Chief of Navy SEALs Finds Keystone XL an Easy Terror Target (BusinessWeek)
If reporting on the battle over the Keystone XL pipeline has taught us anything, it’s to expect the unexpected. Even so, we didn’t see this one coming. Hedge fund billionaire Tom Steyer, a climate change activist and staunch opponent of the prospective 1,179-mile pipeline from Alberta, Canada, to Cushing, Okla., has hired retired Navy SEAL chief David “Dave” Cooper to assess how vulnerable the Keystone XL might be to deliberate sabotage. In a 14-page report made public today (but redacted to keep it from being a playbook for aspiring terrorists), Cooper concludes that a small group of evildoers could easily cause a catastrophic spill of millions of gallons of diluted bitumen, or tar sands crude, from the Keystone XL.

Trading the Time Inc. spinoff (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 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 Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!