Hedge Fund News: Warren Buffett, Thomas Steyer & Larry Robbins

Page 1 of 2

Warren Buffett donates $2.8 billion to charities (DigitalJournal)
Warren Buffett broke his own record by donating $2.8 billion dollars to the Bill and Melinda Gates Foundation and family charities through selling stock. Warren Buffett donated $2.8 billion of Berkshire Hathaway Inc stock to five charities as part of his plan to give away nearly all of his wealth. Buffett donated about 21.73 million Class “B” shares of Berkshire Hathaway Inc. (NYSE:BRK.A) on Monday. About 16.6 million shares, worth $2.1 billion, went to the Bill and Melinda Gates Foundation, which was founded by the famed Microsoft Corporation (NASDAQ:MSFT) founder and focuses on education, health, and poverty alleviation.

Berkshire Hathaway

Hedge Fund Manager Settles For 7% Return On House He Owned For Seven Months (Dealbreaker)
The Wooldon Manor estate in New York’s Southampton, which hedge-funder Scott A. Bommer bought for $75 million last year from fashion designer Vince Camuto, has sold again in two separate transactions totaling more than $80 million. The 14.5-acre parcel overlooking Lake Agawam had been listed for $98 million by the Corcoran Group’s Tim Davis and Harald Grant and Ed Petrie of Sotheby’s International Realty…. Last year Mr. Bommer, the founder of hedge fund SAB Capital, and his wife, Donya, paid a then-record $75 million to buy Wooldon Manor from Mr. Camuto…

Two Researchers Win Simons Grants in Math, Physics (IndiaWest)
Kartik Prasanna, associate professor in the mathematics department at the University of Michigan-Ann Arbor; and Keshav Dasgupta, associate professor in physics at McGill University, in Montréal, Québec, Canada, have been awarded research grants from the Simons Foundation. Prasanna’s award is in the field of mathematics and Dasgupta has received a grant for work in theoretical physics. “The award supports an extension of my sabbatical leave to a full year that I can spend entirely on research,” Prasanna told India-West by e-mail. …The New York-based Simons Foundation is a private foundation incorporated in 1994 by Jim and Marilyn Simons. Jim Simons is a well-known mathematician and hedge fund manager.

Tom Steyer’s Epic Green Fail (Breitbart)
Tom Steyer, the fossil-fuel-powered hedge funder, has suffered a series of setbacks in his $100 million campaign to save the planet from ‘global warming’ by destroying the U.S. economy. Earlier this year, Steyer announced that he wanted to make climate change a key issue in the 2014 US midterm elections by funding a $100 million action campaign. Half was going to come out of his own pocket – via his San-Francisco-based NextGen Climate Action group; half from fellow liberal billionaires.

Hedge Funds Bounce Back in Q2 (ai-cio)
Event-driven strategies led the hedge fund sector’s recovery in both performance and inflows terms in the second quarter of 2014, according to two reports into the asset class. Having experienced the worst start to a year since 2008 in the first quarter, hedge funds posted average returns of 2.51% between April and June, according to Preqin. While macro and emerging markets funds led the way in the second quarter, event-driven funds have topped the charts in the first half of the year with an average gain of 5.24% as a wave of global merger and acquisition activity boosted these strategies.

Icahn & Ackman are friends again (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 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!