Hedge Fund News: Warren Buffett, Paul Singer & Carl Icahn

Page 1 of 2

4 stocks Warren Buffett and insiders love (MarketWatch)
In this article we look into four companies that are in Warren Buffett‘s portfolio and have witnessed insider purchases over the past three months. First on our list is Phillips 66 (NYSE:PSX), a downstream energy company with a market cap that surpasses $46 billion. Although in the last 13F form filed by Berkshire Hathaway Inc. (NYSE:BRK.B) the fund declared that its position in the company remained unchanged over the third quarter of 2013, its bets are still quite high. The fund owns more than 27 million shares—valued at over $2 billion—which account for almost 2% of the total value of its equity portfolio.

hedge funds vs. mutual funds

Hedge-Fund Manager Paul Singer ‘Shocked’ by Bitcoin Popularity (Wall Street Journal)
One of the bigger names in hedge funds has come out against Bitcoin – and in favor of beaten-down gold. Paul Singer, founder of $23.3 billion Elliott Management Corp., told investors he was “shocked” by the virtual currency Bitcoin’s popularity and skeptical of its long-term prospects, according to a quarterly letter sent this week. “There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer and we always look at babies with hope,” Mr. Singer wrote.

As Apple shares fall, Icahn buys another $500 million (MSN Malaysia News)
Hedge fund billionaire Carl Icahn said he bought another half a billion dollars’ worth of Apple Inc. (NASDAQ:AAPL) stock yesterday, signaling confidence in the iPhone maker even after it gave a disappointing revenue forecast for the current quarter. The investment, Icahn’s third in Apple in less than a week, boosts the value of stake in the company to more than $4 billion (RM13.3 billion). It was announced via his Twitter account as Apple’s shares traded down about 8% following its quarterly report late on Monday, which renewed Wall Street’s concerns about the maturing smartphone market. Icahn told Reuters in a telephone interview that the decline in Apple shares presented “a great opportunity” to add to his position.

U.S. rests its case in insider trading trial of SAC’s Martoma (Reuters)
Steven A. Cohen tried to sell stock as quietly as possible as SAC Capital Advisors unwound positions at the center of an insider trading trial, the hedge fund’s head trader said on Thursday. The testimony came as the government called its final witnesses in the trial of former portfolio manager Mathew Martoma, putting the case within days of its conclusion. Martoma, 39, is accused of using inside information about a drug trial to trade in the stock of Elan Corporation, plc (ADR) (NYSE:ELN) and Wyeth that helped SAC Capital make profits and avoid losses of $276 million.

Diamondback Co-Founder Likes Banks (FINalternatives)
The co-founder of Diamondback Capital Management is bullish on banks at his new hedge fund. Richard Schimel, who is also SAC Capital Advisors founder Steven Cohen’s brother-in-law, told clients of his newly-launched Sterling Ridge Capital Management that certain banks—specifically those doing little fixed-income trading and restructured retail-focused entities—should do well this year, Reuters reports. Schimel did not identify any of his positions by name.

Rich hedge fund managers feel poor’s pain (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 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!