Hedge Fund News: Stanley Druckenmiller, John Paulson & Starboard Value LP

Page 1 of 2

Some Top Money Managers Push for Fed to Start Raising Interest Rates (NYTimes)
The Fed is out of step with Wall Street, say some of the country’s wealthiest investors. If there was one thing that hedge fund managers kept coming back to time and time again at the CNBC Delivering Alpha conference on Wednesday, it was that the Federal Reserve should start thinking about raising rates. That was the message from the financier Stanley F. Druckenmiller, who said the time had passed for the Fed to keep interest rates near record low levels to revive the economy…

DUQUESNE CAPITAL

EddieLampert.com Salesman Offering Ackman-Related Websites (Finalternatives)
Bill Ackman may have given Jeff Klaips a moment of his time—but he’s not giving him any money for Klaips’ two Ackman-related internet domain names. Klaips bought BillAckman.com and WilliamAckman.com in 2007. Two years later, he was offering them for $10,000 each. Now, he’ll take just $4,900 for both of them, according to Absolute Return—but Ackman isn’t biting. Klaips, who runs a suburban Chicago construction clean-up company, worked the trick earlier this year, selling EddieLampert.com to the hedge fund manager’s ESL Investments for $4,200. Klaips had bought the domain 10 years ago.

Hedge fund manager Cooperman says market gains will slow (Reuters)
Hedge fund manager Leon Cooperman, who has forecast that the Standard & Poor’s 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now. “The markets finally found a fair level,” Cooperman, who runs the $10.5 billion Omega Advisers, said at the CNBC Institutional Investor Delivering Alpha Conference. “I expect the rate of appreciation to slow.” he said. The S&P 500 traded at 1,977, up 0.2 percent on Wednesday.

John Paulson Sounds Confident That Valeant Will Win Its Takeover Bid Of Allergan (BusinessInsider)
Closely-followed hedge fund manager John Paulson sounded confident in a Valeant/Allergan deal at CNBC’s Delivering Alpha. Paulson, who has been running his fund for 20 years, said it’s a “very exciting time” to be involved in merger arbitrage right now. He added that his fund tries to identify who is going to be acquired. He recently disclosed a stake in Allergan, Inc. (NYSE:AGN), the maker of Botox. Pharma company Valeant is attempting to make a hostile bid for Allergan in stock and cash. Valeant Pharmaceuticals Intl Inc (NYSE:VRX) has teamed up with hedge fund manager Bill Ackman, who runs Pershing Square, to pursue the takeover.

Investors Pour Almost $100B Into Hedge Funds In H1 (Finalternatives)
Hedge funds took in more money in H1 2014—$99.7 billion—than in all of 2013, according to new data from eVestment. In fact, investors poured more money ($65.3 billion) into equity strategies in H1 2014 than they put into all hedge funds in 2013 ($61.7 billion). Equity strategies now manage an estimated $997 billion. Hedge fund assets under management reached $3.032 trillion in June, as investors added $6.1 billion for the month—below the previous four-month average of $22 billion.

Long-only hedge funds hold key to emerging markets (Risk)
Since the 2008 financial crisis, investors have flocked to emerging markets (EMs) for return generation as developed markets (DMs) have faced low interest rates and slowing growth. A common institutional investor approach to EMs is to combine a long-only allocation with a long/short, hedged allocation. Much has been written about hedged investing, but less about approaches to implementing the long-only EM allocation.

Highlights from Delivering Alpha (CNBC)

Page 1 of 2
Comments
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

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!