Hedge Fund News: Stanley Druckenmiller, Carl Icahn & Christopher Hansen

Page 1 of 2

Hologic adopts poison pill following Icahn’s ownership disclosure (BizJournals)
The board of directors at Hologic, Inc. (NASDAQ:HOLX), a manufacturer and supplier of diagnostic and medical imaging equipment, have adopted a poison pill intended to dissuade activist investors from building an ownership stake in the company of greater than 10 percent. According to the Associated Press, Hologic’s new plan will provide shareholders the right to acquire additional shares if and when a person or group acquires a 10 percent or greater share of the company’s outstanding common stock. The new shareholder right can be exercised as of Dec. 2. The move comes less than a week after takeover artist Carl Icahn disclosed that he and his affiliates had acquired a 13 percent stake in Hologic…

Carl Icahn as viking

Bitcoin Fund is best performing hedge fund year-to-date (HedgeWeek)
The Bitcoin Fund, which is traded exclusively on the EXANTE fund platform and was launched in late 2012, is the best performing hedge fund year to date with a return of 4847 per cent. The Bitcoin Fund gives institutions and high-net worth individuals secure and real-time access to the bitcoin market with a licensed, regulated product. Since the bitcoin virtual currency was first launched in 2009 and achieved its initial success, institutional investors and hedge fund managers have sought a regulated investment vehicle for bitcoin placements. EXANTE provided this solution by giving simple access to the Bitcoin Fund.

Elliott Associates sells 1% in Property Fund. (HispanicBusiness)
The largest shareholder in Romania’s restitution Property Fund [ Fondul Proprietatea ] – hedge fund Elliott Associates , has sold a 1% stake under the Fund’s recently completed buyback operation, news agency Mediafax reported. Elliott will thus cash in EUR 31.2mn. The Fund’s market capitalisation is EUR 2.5bn – but the buyback was carried out at a higher price per share. Elliott’s participation in the Fund will thus decrease to slightly above 17% from slightly above 18% before. Elliott controls the stake through Manchester Securities Corp and Beresford Energy Corp.

Ex-Soros Adviser’s Dalton China Fund Returns 25% This Year (SFGate)
The Dalton Greater China Fund, run by James Rosenwald III, a former adviser to funds linked to billionaire George Soros, beat peers with a 25 percent return this year, an investor newsletter seen by Bloomberg News showed. The $64 million fund outperformed the Eurekahedge Greater China Long-Short Equities Hedge Fund Index by almost 10 percentage points in the first 10 months. Bets on Taiwanese technology companies including Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) and Hong Kong-based property developers drove performance, Tony Hsu, Rosenwald’s Shanghai-based co-manager, said in an e-mailed response to Bloomberg News queries.

Hedge Funds Have Been Getting Smoked This Year (BusinessInsider)
Not many people are able to invest directly in hedge funds. And that’s not necessarily a bad thing. Through Q3 of this year, hedge funds on average have returned a measly 6% year-to-date. This is according to Goldman Sachs Group, Inc. (NYSE:GS) latest Hedge Fund Trend Monitor report, which examines the performance of 783 hedge funds with $1.7 trillion of gross equity positions. This year’s hedge fund returns compare with a 25.3% gain in the S&P 500. Even mutual funds returned 24.8%.

Tiger Cub Christopher Hansen’s Valiant Catches A Break (InstitutionalInvestorsAlpha)
Tiger Cub Christopher Hansen seems to have stabilized his embattled hedge fund, Valiant Capital Partners Offshore, at least for now. Hansen’s firm, Valiant Capital Management, is based in San Francisco. Its global long-short hedge fund has made money in two of the past three months — including 0.77 percent in October — as well as in the third quarter after losing money for three straight quarters. This passes for a minor victory, although the fund did lag the major benchmarks in the September period.

Hedge fund exodus from sugar ‘has further to run’ (AgriMoney)
The hedge fund exodus from bets on rising sugar prices may not be over yet, even after one of the fiercest sell-downs on record, amid a broad turn bearish on agricultural commodities. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded farm commodities by more than 78,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator.

Multiples don’t fall off until ‘real inflation’: Larry Robbins (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 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!