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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
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 World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!