Hedge Fund News: Marc Lasry, Seth Klarman & Jonathan Savitz

Page 1 of 2

Bucks owners spend day touring Milwaukee (WISN)
The Milwaukee Bucks’ new owners were in town Thursday taking a tour of Brew City. Marc Lasry and Wes Edens started their day at Cranky Al’s in Wauwatosa. “It’s the first time I’ve ever seen bacon on a donut. I have to admit,” Edens said. They told WISN 12 News reporter Melinda Davenport they’ve run into a lot of Bucks fans. “I think one of the things we’ve been pleasantly surprised about is the passion of all the fans here. It sort of matches our passion about how excited we are about going forward,” Lasry said.

AVENUE CAPITAL

Up to USD50bn available to Asia focused funds… Asia Pacific turns to hedge funds… (HedgeWeek)
Vast private wealth in the region and the rise of several large sovereign-wealth funds has long been an opportunity for global hedge fund managers. Asian investors, though, continue to account for a small portion of industry assets and have proven notoriously hard to win over. Investors in the region currently account for around USD150 billion invested in global hedge funds, Barclays said, a sliver of the roughly USD2.5 trillion managed by the industry. Of the up to USD70 billion the bank estimates will be on the table over the next few years, roughly half would be new assets.

Herbalife battle headed to documentary big screen (USAToday)
The battle between Herbalife Ltd. (NYSE:HLF) and billionaire hedge fund manager Bill Ackman is moving to a new venue, the big screen. Ted Braun, the award-winning director of Darfur Now, and Glen Zipper, who produced the Academy Award-winning documentary Undefeated, are teaming up to examine the complex world around Herbalife International. The controversial worldwide company, which specializes in nutrition, weight management and skin-care products, has been in the news. In March, the company disclosed it was under Federal Trade Commission investigation.

Is Elliott The Mystery Buyer Of IPG Stock? (WSJ)
The mystery buyer in Interpublic Group stock may have been unmasked: CNBC reported Thursday morning that activist investor Elliott Management could be snapping up IPG stock. Interpublic stock, trading at its highest point in more than a decade, was up another 12 cents. Elliott, a hedge fund run by Paul Singer, is a well known activist who helped spark merger and acquisition activity at a number of big companies last year. That would make Interpublic a logical target for the investor. Interpublic, owner of McCann Worldgroup, FCB and IPG Mediabrands, has long been seen as a takeover target. The company has a market capitalization of about $8 billion.

‘Too Damn Low’ Bond Yields Force Loews CEO Tisch to Buy Stocks Begrudgingly (MoneyNews)
Call it a value investor’s lament. More than five years after the Federal Reserve lowered interest rates almost to zero, Loews Corporation (NYSE:L) Chief Executive Officer Jim Tisch described his frustration with bond yields by borrowing language from a New York political campaign. …The Fed’s efforts to help spur the U.S. economy have invited criticism from investors. Hedge-fund manager David Einhorn has compared the stimulus to eating jelly doughnuts, a habit that can threaten long-term health. Weston Hicks, the CEO of New York-based insurer and investment firm Alleghany Corporation (NYSE:Y), last year likened the central bank to a medieval barber whose ill-advised prescription for every sickness was more bloodletting.

Why Did Seth Klarman’s Hedge Fund Cut Its British Petroleum Position in Half? (Fool)
Seth Klarman‘s Baupost Group has been one of the most successful hedge funds since its founding in 1982, reportedly averaging mid to high teens in annual returns during a period when the market has averaged closer to half that. Klarman has managed these consistently excellent returns by focusing more on preservation of capital and eschewing risk. Let’s take a look at Baupost Group’s activity with energy giant British Petroleum (NYSE: BP ) — the fund sold 44% of its holding sometime in the first quarter.

Palmer Square’s first mutual fund turns 3 (BizJournals)
The three-year mark is an important milestone for an investment fund, and Leawood-based Palmer Square Capital Management’s Absolute Return Fund has now shown proven growth during that time. The fund was Palmer Square’s first mutual fund. The open-ended fund uses a variety of hedge fund strategies such as long/short international and domestic equity, global macro, event-driven credit and convertible bond arbitrage. Today, the fund has about $295 million in assets.

Pimco’s take on market (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

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

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 6 Tax Scams and How to Protect Yourself

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

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!