Hedge Fund News: Warren Buffett, Bill Ackman & Carl Icahn

Page 1 of 2

Why does Buffett get a free pass from the media? (Marketwatch)
Uber-billionaire Warren Buffett hosted the annual shareholders meeting for Berkshire Hathaway Inc. (NYSE:BRK.B) in Omaha last weekend. Folks came from far and wide to listen to the Oracle of Omaha, as the financial media lovingly call him, talk about the state of the global economy, management theories and investing ideas. They also love to watch Buffett exchange snappy one-liners with his longtime colleague, Charlie Munger, the Ed McMahon to Buffett’s Johnny Carson. The special weekend in Omaha, where Buffett lives below his means, is often referred to as “Woodstock for Millionaires” because so many of his supporters have become rich by investing with Berkshire Hathaway.

hedge fund research

Bill Ackman’s Hedge Fund Is Killing It This Year (Business Insider)
While most hedge funds are struggling in 2014, Bill Ackman‘s Pershing Square is having a spectacular year. According to the Wall Street Journal, Ackman’s $13.7 billion Pershing Square Capital is up 18.7% for the year through the end of April. To put that in perspective, the S&P 500 is up about 1.6% year to date. According to HFR’s HFRX Equity Hedge Index, the average equity hedge fund is down -0.31% year to date.

Carl Icahn’s Son Brett Is Setting Up a Hedge Fund (Wall Street Journal)
Carl Icahn‘s son, Brett Icahn, is about to have an official coming-out party on Wall Street. The younger Icahn and a partner, the duo behind some of Mr. Icahn’s recent winning investments, including Netflix, Inc. (NASDAQ:NFLX), are set to launch a new hedge-fund-management company, people close to the situation say. The new company is expected to take money from outside investors, they said. The elder Mr. Icahn’s public company, Icahn Enterprises LP (NASDAQ:IEP), will own 35% of the new fund company and is expected to give $1 billion in capital to it to manage, the people said. Icahn Enterprises doesn’t manage money for outside investors.

Man Group hit by cautious outlook after ‘challenging’ Q1 (Reuters)
Shares in British hedge fund manager Man Group slid on Friday after its cautious outlook took the shine off an in-line trading statement. The firm, founded in 1783 as a barrel maker, said it took in a net $2 billion of new money during the first quarter, mostly into its GLG alternatives unit, which partially compensated for the money pulled by investors from its FRM funds. When combined with a net $700 million performance loss across its investments, funds under management at the end of March rose to $55 billion, from $54.1 billion at the end of December.

Sotheby’s To Cover Third Point’s Costs (FINalternatives)
To end its battle with Third Point, Sothebys (NYSE:BID)’s capitulation was not enough. The auction house on Monday gave Third Point the three seats on its board that the hedge fund was seeking through a nasty proxy battle. Sotheby’s also agreed to relax its poison pill’s impact on Third Point, in spite of the fact that on Friday it won a court battle with the hedge fund, which had sought to junk the poison pill and delay its annual meeting.

Kerrisdale Capital Management Short Retailer Quiksilver (Wall Street Journal)
Kerrisdale Capital Management is wagering against retailer Quiksilver, Inc. (NYSE:ZQK), its founder Sahm Adrangi said at a conference on Thursday. The investment manager, who often talks publicly about its “short” positions against a stock, said that he believes the brands at Quiksilver, which cater to surfer and skating cultures, are fading from style and declining. “Once fashion changes, there really is no going back,” Mr. Adrangi said while speaking at a gathering hosted by the New York Society of Security Analysts on Thursday.

The rise of the Ontario Teachers’ Pension Plan (CNBC.com)

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 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

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

Top 6 Cities For The Ultra Rich to Live in Comfort

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

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!