Hedge Fund News: Larry Robbins, Ken Griffin & Winton Capital Management

Page 1 of 2

Hedge fund manager Winton Capital making headway with long-only strategy (PIOnline)
North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder’s goal of becoming a $100 billion company. …Winton Capital managed $25.5 billion as of June 30. The vast majority of the assets are in lucrative managed futures hedge funds for investors that include the $130 billion Teacher Retirement System of Texas, Austin; the £15.6 billion ($26.7 billion) Pension Protection Fund, London; the A$96.6 billion (U.S. $90.9 billion) Australian Future Fund, Melbourne; and the $23 billion Texas County & District Retirement System, Austin.

David Harding

Hedge funds used ‘dubious’ means to bypass tax rules, senators say (TheGuardian)
More than a dozen hedge funds, with assistance of Barclays and Deutsche Bank AG (USA) (NYSE:DB), used “dubious” financial products to claim billions in unjustified tax savings and circumvent rules meant to limit risky bets, a Senate subcommittee investigation has found. The Senate permanent subcommittee on investigations (PSI) released a report on its investigations on Monday, before a hearing on Tuesday. The PSI has been investigating a series of tax avoidance schemes by companies including Apple Inc. (NASDAQ:AAPL) and Caterpillar Inc. (NYSE:CAT).

Griffin ‘Can’t See’ Political Run As Ex-Titan Exec. Seeks Nashville Mayoralty (Finalternatives)
Hedge-fund heavyweight Kenneth Griffin has no political ambitions, but another industry veteran is hoping to lead his hometown. The Citadel Investment Group founder has played an outsized role in this year’s gubernatorial campaign in Illinois, donating more than $3.5 million to Republican challenger Bruce Rauner. The contributions include the state’s single-largest ever, a $2.5 million check cut last month. But Griffin said he expects that giving—and giving generously—is as far as he’ll go in politics.

Napier Park nears independence as Citigroup withdraws capital (FT)
Citigroup Inc (NYSE:C)’s $6bn hedge fund spin-off Napier Park took a further step towards independence on Tuesday as the US bank removed the last remnants of proprietary capital invested in its funds. Citi started its $2.4bn redemption schedule in March last year as the bank sought to comply with the Volcker rule, which bans proprietary trading as well as sponsoring or retaining ownership interest in a hedge fund or private equity fund. “It’s a major milestone for us,” Jim O’Brien, senior managing partner of Napier Park told the Financial Times. “It confirms the viability of the business.”

Cash Crops With Dividends: Financiers Transforming Strawberries Into Securities (NYTimes)
His boots were caked with mud when Thomas S. T. Gimbel, a longtime hedge fund executive, slipped in a strawberry patch. It was the plumpness of a strawberry that had distracted him. Mr. Gimbel, who once headed the hedge fund division of Credit Suisse Group AG (NYSE:CS), now spends more time discussing crop yields than stock or bond yields. He is the man on the ground for a group of investors — including New York’s biggest real estate dynasty, two Florida sugar barons and the founder of a multibillion-dollar investment firm — who have been buying up farms across the United States through a real estate investment trust called the American Farmland Company.

Senate scrutinizes hedge funds (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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

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

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!