Hedge Fund News: Larry Robbins, Alan Howard & Ken Griffin’s Bold Statement

Page 1 of 2

Larry Robbins’ Obamacare Bet Makes Him Hedge Fund Manager Of The Year (Forbes)
Two major and controversial stories have dominated America in the last two years. One of them is Obamacare, President Barack Obama’s signature legislative achievement that is currently facing mounting problems and criticism as it gets implemented. Another important development in America has been the roaring comeback of the U.S. stock market, which has soared to new all-time highs. One man has harnessed these two trends to make a fortune like no one else. Larry Robbins, who runs hedge fund firm Glenview Capital Management, made a huge bet on Obamacare and the U.S. stock market that is paying off in a big way.

GLENVIEW CAPITAL

Hedge Fund Industry on the Road to Recovery (DigitalJournal)
Extreme market volatility, adverse global macroeconomic conditions, underperforming markets and low consumer confidence all colluded to create an extremely hostile environment for hedge funds last year. But in many ways, 2012 was rock bottom, and the hedge fund industry inevitably became stronger in the face of that challenge. That is why 2013, despite a growing regulatory burden, is shaping up to be a better year, paving the way for sustained growth in the near future. The World Finance Hedge Fund Awards represent the best players in the industry and offer an insight into the many success stories amid an ever-volatile marketplace.

Hedge funds added to this year’s gains in October (Reuters)
Hedge funds added to their performance gains in October as stock markets continued to rally, boosted by the United States avoiding a default on its debt and further signs the world’s largest economies are growing, new data showed on Tuesday. According to the SS&C GlobeOp Hedge Fund Performance Index, the average fund returned 1.06 percent last month, bringing year-to-date gains to 9.93 percent. The index rose 0.1 percent in October 2012 and was up 7.78 percent in the 10 months to end October last year. Hedge funds are enjoying a strong 2013, with most of the main strategies making their clients money and leaving managers to collect the lucrative performance fees they charge…

Hedgies have built a sector on an aura of exclusivity (FT)
You are a discerning member of the elite. So please read on. We have to be selective, obviously. Just as Goldman Sachs Group, Inc. (NYSE:GS) will doubtless be in inviting investors to participate in Petershill II, a private equity fund that will buy stakes in hedge fund partnerships. One can’t give any old Tom, Dick or Harriet access to such an exclusive investment. Or the go-ahead to peruse this incredibly classy column. An aura of privileged access has been a key marketing tool for hedge funds, privately owned asset management businesses that took off in earnest in the UK over a decade ago.

SEC Makes Deferred Prosecution Agreement With Hedge Fund Administrator (HedgeCo)
For the first time in SEC history the agency has deferred prosecution against a former hedge fund administrator who helped the SEC take action against a hedge fund manager who stole investor assets. The SEC agreed to a deferred prosecution agreement (DPA)* with Scott Herckis when he helped them secure an emergency enforcement action against Berton M. Hochfeld, the founder of Connecticut-based hedge fund Heppelwhite Fund LP. Hochfeld is accused of misappropriating more than $1.5 million from the hedge fund and overstating its performance to investors.

Ex-GoldenTree’s Wagner Joins Trilogy as President of Merged Firm (BusinessWeek)
Leon Wagner, the retired chairman of GoldenTree Asset Management LP, joined Greenwich, Connecticut-based credit hedge-fund firm Trilogy Capital LLC, according to a letter to investors. Wagner’s credit-focused investment firm LWPartners LP will merge with Trilogy and become a partner in the hedge-fund manager, according to the Nov. 8 letter, a copy of which was obtained by Bloomberg News. Wagner will be president of the combined firm, which is being renamed TrilogyLWP LLC.

Asian currencies out of favor again? (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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!