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Hedge Fund News: Richard Perry, Seth Klarman & Jim Rogers

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Hedge Funder Richard Perry Bought Herbalife And More FedEx During The Third Quarter (SFGate)
Hedge fund manager Richard Perry, who runs Perry Capital, has filed his third-quarter 13F with the Securities and Exchange Commission. During the quarter ended September 30, Perry snapped up a position in Herbalife Ltd. (NYSE:HLF). Perry held 2,632,138 million shares in the quarter. Perry also added to his FedEx Corporation (NYSE:FDX) position during the third-quarter, the filing shows. He held 4.2 million shares compared with 3.9 million shares in Q2. FedEx is one of Perry’s top holdings.

Richard Perry

Hedge Fund Expands at 600 Lexington Ave (CommercialObserver)
Element Capital has signed a 10-year expansion deal at SL Green’s 600 Lexington Avenue, doubling its space to 13,500 square feet on the 33rd and 34th floors of the building, The Commercial Observer has learned. The hedge fund will pay rent starting in the mid-$70s per square foot, according to data from CompStak. Element first signed a lease at the building in 2009 when starting rent for the 34th floor space was in the low-$70s per square foot. A spokesperson for Element Capital confirmed the company had signed a new lease but declined to comment further. Steve Durels, director of leasing for SL Green was not immediately available for comment.

BlueCrest backs Meredith Whitney’s American Revival fund but others shrug (CNBC)
Former star financial analyst Meredith Whitney is hoping to make a big comeback—and big money—by applying her financial advisory skills to the hedge fund game. But it’s not clear if investors will buy in. Undisclosed executives at $35 billion London-based hedge fund firm BlueCrest Capital Management form one initial set of supporters. They are giving personal money as so-called anchor investors in Whitney’s new fund, Kenbelle Capital, according to two people familiar with the situation. Bloomberg first reported the BlueCrest news.

Boston hedge fund manager Baupost Group unloads $452M stake in AIG (BizJournals)
Baupost Group, a Boston-based hedge fund manager with roughly $30 billion in assets under management, unloaded its stake in American International Group, Inc. (NYSE:AIG), the New York-based insurer that was a central player in the 2008 credit crisis and subsequent federal financial bailout. According to Bloomberg News, Baupost, which is led by Seth Klarman, unloaded 10 million AIG shares in the recent quarter that ended June 30. The ownership stake was valued at approximately $452 million, according to AIG’s trading price at the time.

Henderson acquires hedge fund manager H3 Global Advisors (FinancialStandard)
Australian and UK-listed fund manager Henderson Global Investors has acquired Australian and London-based alternative investment manager H3 Global Advisors. Henderson has acquired 100% of the equity of H3 Global Advisors though the exact terms were not disclosed. H3 specialises in active and enhanced commodities strategies and, managing approximately $342 million on behalf of institutional and retail clients. The group was founded in 1996, and is run by Andrew and Mathew Kaleel.

SEC Falls Short In Bid To Revive Claims Against Hedge Fund (Law360)
A Georgia federal judge Tuesday refused to reconsider his decision to narrow claims brought by the U.S. Securities and Exchange Commission in an enforcement action accusing two hedge fund managers and their firms of fraud. U.S. District Judge William S. Duffey Jr., Tuesday refused the SEC’s request to reconsider a prior ruling gutting their valuation claim in an enforcement action brought in October 2010 against Paul Mannion Jr., Andrew Reckles and their firms, PEF Advisors LLC and PEF Advisors Ltd.. The SEC says the fund advisers defrauded…

Bill Gross: Fed policy increasingly negative (CNBC)

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