Hedge Fund News: Warren Buffett, Jim Chanos & Jim Rogers

Page 1 of 2

Chanos takes on Buffett, calls Exxon and fellow oil majors a ‘value trap’ (MarketWatch)
When the “Oracle of Omaha” talks, people listen, which is why the oil sector and Exxon Mobil Corporation (NYSE:XOM) -0.02% got lots of attention after regulatory filings revealed Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) had taken a major stake in the company. While Buffett’s move on Exxon looked to some like a contrarian call, legendary short seller Jim Chanos was positively growling over the oil sector Tuesday, telling the Reuters Global Investment Outlook Summit that his Kynikos Associates fund is bearish on national oil companies and the integrated majors, in New York on Tuesday. …Commenting directly on that Berkshire BRK.A -0.08% BRK.B +0.06% stake, Chanos said Buffett likely has “his reasons, but, unmistakably the returns are dropping”:

hedge fund research

Hedge fund expert: Bermuda gets regulation balance right (RoyalGazette)
The head of a hedge funds watchdog yesterday said Bermuda had hit the right balance on business regulation. Dame Amelia Fawcett, chairman of the London-based Hedge Fund, Standards Board (HFSB), said a global move towards tough regulations might not always be the best way of policing high finance — and that too many rules could end up damaging the sector and slowing the recovery from the global recession. But Dame Amelia added: “Bermuda is getting it right. It’s not that it’s a light-touch environment — it’s sensible.” And she added: “If people don’t think you’re doing a good job, you hear about it.”

U.S. Bancorp Fund Services, LLC Acquires Quintillion Limited (HeraldOnline)
U.S. Bancorp Fund Services, LLC, a subsidiary of U.S. Bancorp (NYSE:USB), announced it has agreed to acquire Quintillion Limited (Quintillion), an Ireland domiciled full-service hedge fund administrator. The announcement supports U.S. Bancorp Fund Services’ strategic initiative to expand its alternative investment servicing network supporting the European investment community. “This acquisition continues to showcase the long-term commitment of U.S. Bancorp to grow our securities services business,” said Terrance Dolan, vice chairman of U.S. Bancorp Wealth Management & Securities Services.

From Hedge Fund to Family Office (Forbes)
Some hedge fund managers have transformed their hedge funds into family offices. This year Melissa Ko’s Covepoint Capital and William Collins’ Brencourt Advisors have made the transition. Some more notable names such as George Soros, Carl Icahn and Stanley Druckenmiller have also converted their hedge funds into family offices. And, Steve Cohen may very well be doing the same with SAC. There are a number of reasons for this and one that’s at the top of the list is the increasing regulatory environment. According to Richard Flynn, principal, the Rothstein Kass Family Office Group, “Unlike hedge funds, family offices don’t need to register as investment advisers with the US Securities and Exchange Commission.

Anthony Hilton: Now’s a good time to embrace hedgies (Standard)
The past five years have been dire for hedge funds and particularly those which make big bets on market directions — be it in commodities or currencies. The HFRI macro hedge-fund index has dropped 15.5%. Over the same period global stock markets as measured by the MSCI World Index have gained 57.2%. Yet this month Goldman Sachs Group, Inc. (NYSE:GS) announced the launch of Petershill II. This is — or will be — a fund which invests in hedge-fund managers as distinct from the funds they manage.

Eton Park partners set to depart hedge fund (eFinancialNews)
The departing partners, who are expected to leave by early 2014, are Isaac Corré, an original partner who has been at the firm since it launched in 2004, and Josh Astrof who joined in 2005, the people said. Corré was responsible for event-driven investing, while Astrof focused on investing in stocks. It was unclear on Tuesday why they plan to leave and what they intend to do next. A spokesman for New York-based Eton Park declined to comment. Mindich launched Eton Park in 2004 with more than $3 billion, making it one of the largest-ever launches in the hedge fund industry, despite stringent terms for investors.

Dell CEO: Icahn ‘had no long-term intentions’ (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 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

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

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!