Hedge Fund News: Warren Buffett, John Paulson & Tom Steyer

Page 1 of 2

Buffett: Coke exec compensation plan was excessive (Fortune)
Warren Buffett called The Coca-Cola Company (NYSE:KO)‘s controversial compensation plan excessive, but said he declined to vote against it. The plan — which will pay Coke managers generously with shares of the company if they achieve specific performance goals — passed on Wednesday at Coke’s annual meeting, but without Buffett’s help. Buffett said he abstained in the vote. Berkshire Hathaway Inc. (NYSE:BRK.A), Buffett’s insurance conglomerate, is one of the largest owners of Coke’s stock, with a little over 9% of the company’s shares.

Berkshire Hathaway

John Paulson Says Puerto Rico Will Be Singapore of Caribbean (1) (Businessweek)
Billionaire hedge-fund manager John Paulson said today that Puerto Rico’s economy is at the beginning of a turnaround and predicted the island will become the Singapore of the Caribbean. Paulson, speaking today at the 2014 Puerto Rico Investment Summit in San Juan, a conference designed to promote the territory and attract investors, said he’s building a home in the commonwealth. The hedge-fund manager, who last year considered relocating to Puerto Rico to take advantage of new tax laws, said opportunities to buy real estate in the region won’t last much longer, and he’s looking to purchase sites that can be developed to serve people he expects to move here because of the legislation.

Hedge Fund Billionaire Tom Steyer Comes Under Republican Attack (Forbes)
When liberal billionaire Tom Steyer ran his hedge fund firm, he worked so hard to stay under the radar that his Farallon Capital Management was known as a secretive operation in the investment community. He avoided publicly and guarded his privacy even as Farallon became one of the largest hedge funds in the nation. But now Steyer is pursuing an aggressive financial campaign to support Democratic candidates and push climate change measures on both the federal and state level, sometimes by using stinging attack ads. He is backing his NextGen Climate Action group with $50 million and hoping to raise another $50 million from donors. That would make it one of the biggest outside political groups in the country.

Proxy Advisers Offer Differing Opinions on Dan Loeb’s Election to Sotheby’s Board — Update (Wall Street Journal)
Influential shareholder advisers were mixed in their analyses of the ongoing fight between Sothebys (NYSE:BID) and activist investor Dan Loeb, who is looking to shake up the art-auction house’s board. Mr. Loeb gained a significant ally in his campaign Thursday when Institutional Shareholder Services Inc. recommended he be elected to Sotheby’s board. Rival advisory firm Glass, Lewis & Co., however, said Mr. Loeb hasn’t built a strong enough case for a board makeover and recommended in favor of the company’s management.

Hedge fund Greenlight Capital warns of tech stock bubble (SFGate)
Greenlight Capital Inc., the $10.3 billion hedge fund firm run by David Einhorn, said it is betting against a group of technology stocks as evidence grows of a bubble. “There is a clear consensus that we are witnessing our second tech bubble in 15 years,” the New York firm said in a letter to clients this week. “The current bubble is an echo of the previous tech bubble with fewer larger capitalization stocks and much less public enthusiasm.”

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 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!