Hedge Fund News: Steven Cohen, George Soros & Carl Icahn

Page 1 of 2

SEC’s civil case against SAC’s Cohen may get delayed again (NYPost)
Manhattan US Attorney Preet Bharara has asked the Securities and Exchange Commission to hold off on its decision about former hedge-fund kingpin Steve Cohen for three more months. Bharara asked SEC chief administrative law judge Brenda Murray to continue the stay of the civil proceedings against the former SAC Capital honcho, who is accused of failing to supervise former employees who were later found guilty of insider trading. The US Attorney had asked for a stay until all the criminal charges are settled.

Steven Cohen

Hedge fund riding to rescue of RadioShack (USAToday)
RadioShack Corporation (NYSE:RSH) shares soared Tuesday when it appeared that the electronic retailers may be plugging into a lifeline. The electronics retailer is talking to a shareholder, hedge fund Standard General, about a rescue package that could prevent a backruptcy reorganization filing, Bloomberg News reports based on two unnamed sources. As a result, RadioShack shares rose 14 cents to close at 86 cents on the New York Stock Exchange, a rise of 19.4%.

Why a hedge fund manager will tell you big government is great for capitalism (TheWeek)
What can government do to cultivate a vibrant economy? Nothing, if you ask our political class. Ever since Bill Clinton declared that the era of big government was over, even Democrats have treated the welfare state like a drag on the free market, focusing on its social benefits rather than its economic ones. But this is a mistake, as any hedge fund manager will tell you. Government investments in social insurance can go a long way to freeing individuals and businesses to take entrepreneurial risks and to innovate, unleashing “creative destruction” in its purest — and most humane — form.

Ex-U.S. Cabinet Members Lobbying For Elliott (Finalternatives)
Elliott Management is adding some new firepower in its fight against Argentina. The hedge fund has hired former U.S. Secretary of State Madeleine Albright’s consulting firm to lobby for it in the country, an operation led by Albright’s co-chair, former U.S. Commerce Secretary Carlos Gutierrez. According to the New York Post, Gutierrez has been in Argentina attempting to mobilize opposition to the government of President Cristina Kirchner, who has refused to obey U.S. court orders to pay Elliott and other hedge-fund holdouts from Argentina’s 2001 default…

Apple & Allergan top list of hedge fund positions (Opalesque)
S&P Capital IQ is out with its quarterly hedge fund tracker, ranking the positions of pure play hedge funds based on reported data including Form 13F. Report data finds that information technology and healthcare stocks saw the largest growth in new hedge fund buying activity during Q2 2014, with Allergan, Inc. (NYSE:AGN) and Apple Inc. (NASDAQ:AAPL) as the most popular individual stocks. On a sector basis, IT stocks saw hedge fund flows of $1.45 billion leading the pack for the second quarter in a row. Healthcare was at second most popular, for the top 10 hedge funds with $1.4 billion. Financials down $2.25 billion, with a decrease in American International Group, Inc. (NYSE:AIG) $686 and Crown Castle International Corp. (NYSE:CCI) $272.

Woman leaves hedge fund to craft career out of rum (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 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways 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

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!