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

Leon Cooperman Talks Emerging Markets, 2014 Market Prediction (Insider Monkey)
Leon Cooperman is one of the legendary hedge-fund voices that investors listen to for guidance about the markets and stocks. As the head of Omega Advisors, Cooperman has been at this fedge-fund game for a lot of years and has become one of the icons in the investing business. “If you look at the emerging market issue, while not insignificant, it’s not major,” Cooperman said. “Seventy-five percent of the world’s GDP is either stable or expanding. The U.S. economic growth is accelerating a bit. Europe is turning up. Japan is expanding. China is growing somewhere in the area of 6 to 7 percent.

Blackstone-backed hedge fund goes long (Financial News)
Carrhae Capital, an emerging markets-focused hedge fund manager that received a seed investment from alternatives giant The Blackstone Group L.P. (NYSE:BX), is planning to launch a long-only fund next month. The move is driven by investor demand — mainly from US endowments and foundations — after Carrhae’s hedge fund substantially outperformed the emerging markets benchmark in the two years since its inception, according to a person familiar with the situation. The long book of Carrhae’s hedge fund outperformed the MSCI Emerging Markets Index by over 13 percentage points in 2012 and by 28.5 percentage points in 2013, before fees, according to a fund presentation.

Elliott Rejects Gramercy’s Argentina Proposal as a ‘Stunt’ (Bloomberg)
Billionaire Paul Singer’s hedge fund Elliott Management Corp. said efforts by holders of Argentina’s restructured debt to resolve a legal dispute over bonds from the nation’s 2001 default are “bizarre.” Elliott, which has sued for full repayment on defaulted bonds in U.S. courts, will only negotiate a settlement with Argentina directly, the fund said in a letter to investors obtained by Bloomberg News. A proposal by hedge fund Gramercy Funds Management LLC called for holders of restructured debt to cede a portion of their interest payments to holdouts.

Sotheby’s To Pay Special Dividend Amid Pressure From Investor (Wall Street Journal)
Sothebys (NYSE:BID) said Wednesday that it would pay shareholders a $300 million special dividend in March, and might sell its New York headquarters, as the auction house works to fend off an assault by activist hedge fund manager Daniel Loeb. The company also said it may buy back $150 million in stock and is considering options for its Bond Street property in London. The moves are the result of a financial review that began in September, a month before Mr. Loeb sent the company an incendiary public letter calling on Chief Executive William Ruprecht to step down and saying the company was like “an old master painting in desperate need of restoration.”

Vornado and SL Green lure hedge funds to 280 Park (The Real Deal Magazine)
Vornado Realty Trust (NYSE:VNO) and SL Green Realty Corp (NYSE:SLG) have signed two hedge funds to their jointly-owned office building at 280 Park Avenue, The Real Deal has learned. Napier Park Global Capital, a spinoff from Citigroup Inc (NYSE:C), will take 25,000 square feet on the third floor of the building, while Mount Kellett Capital Management will set up right above them on the fourth floor in a deal for up to 35,000 square feet. Napier Park, which manages $5.6 billion in credit assets, was spun off from Citi last year to comply with new restrictions on proprietary trading by banks. It will pay rents starting in the low-$80s per square foot at the 1.2 million-square-foot Midtown East tower at 48th Street, according to data from CompStak.

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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

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!