Hedge Fund News: Kenneth Griffin, Nelson Peltz & Valueact Capital

Page 1 of 2

Citadel Founder Splits With Wife (Finalternatives)
Citadel Investment Group founder Kenneth Griffin has filed for divorce from his wife of 10 years. Griffin’s lawyers filed the petition for dissolution yesterday, they said in a statement. His wife, Anne Dias Griffin, said through her attorney that the divorce filing was unilateral and made “with no notice to either me or my client.” Robert Cohen said Griffin’s filing came after “she had just left for summer vacation with their three young children and would therefore be unable to respond.”

Ken Griffin with computers

Getting Over Hedge Funds (BloombergView)
During the past few months, we have posted a few words here on the quandary that is hedge funds. The first such effort was titled “The Hedge-Fund Manager Dilemma,” and it explored the public’s fascination with the hedge-fund crowd. The second, “Why Investors Love Hedge Funds,” looked at why, despite stunning underperformance during the past decade, so much money was still flowing to the hedge funds. Now, we are seeing early signs that some institutional investors are losing patience. Case in point: California Public Employees’ Retirement System…

Activist Elliott Management sets its sights on IPG (Reuters)
Activist hedge fund Elliott Management has taken a 6.7 percent stake, worth about $570 million, in advertising firm Interpublic Group of Companies Inc (NYSE:IPG), setting up a showdown that could result in a sale. The $24 billion hedge fund run by Paul Singer disclosed in a regulatory filing on Thursday that IPG’s shares “are undervalued and represent an attractive investment opportunity.” Elliott said it wants to “engage in a constructive dialogue” with the company’s board of directors to maximize shareholder value.

Nelson Peltz Gets California Teachers Pension On His Side In His War Against PepsiCo (JewishBusinessNews)
Activist investor Nelson Peltz has won the support of the California State Teachers’ Retirement System, one of the largest pension funds in the US, in his campaign against PepsiCo, Inc. (NYSE:PEP), the NY Times reported. Last month the retirement system, known as Calstrs, sent a letter to a senior PepsiCo director, demanding that the company put Peltz on the board. Mr. Peltz’s hedge fund, Trian Partners, which owns a 0.8 percent stake in the company, has locked horns with PepsiCo management for a year, calling on it publicly to separate its snacks and beverage businesses – but to no avail.

How To Get A Job At A Hedge Fund (Forbes)
Though quite a few hedge funds were severely battered by the Great Recession, the business still holds a powerful allure. Mysterious and secretive, hedge funds dangle the possibility of enormous paydays and a work environment populated by intense math geniuses who dwell in giant Connecticut mansions or Upper East Side townhouses studded with artworks by Jeff Koons and Damien Hirst. What’s the hiring picture at these firms? Must you be a financial wiz with an IQ of 140 to even get a foot in the door?

Alternative investments in low-rate world (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

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

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!