Hedge Fund News: Wilbur Ross, Bill Ackman & George Soros

Page 1 of 2

Billionaire investor Wilbur Ross in new Irish property deal with Cardinal Capital (Independent)
The US billionaire’s firm and Irish investment house Cardinal have signed a joint venture which aims to raise €400m for property investments. The new fund will be open to new investors as well as those who backed Wilbur Ross previously on deals including his successful Bank of Ireland (ADR) (NYSE:IRE) play. …Mezzanine finance is a relatively risky form of investments that bridges the gap between loans and pure equity – a mezzanine provider typical charges interest but unlike traditional lenders is well back in the queue to be repaid if a deal fails.INVESCO PRIVATE CAPITAL Wilbur Ross

Chinese port probe may spread to iron ore, soybeans -hedge fund (Reuters)
The Chinese probe into financing of copper and aluminium may spread to other commodities such as iron ore and soybeans, an executive of a commodity hedge fund said on Wednesday. Banks and trading houses have been making urgent checks on the security of metal holdings in China, sparked by a suspected fraud at Qingdao Port, the world’s seventh biggest. Police are investigating the duplication of warehouse receipts by a third-party firm on metal cargos used to obtain financing.

Research Report Still Has Polygon Reeling (Finalternatives)
Polygon Investment Partners was mad last month over a research report attacking one of its largest investments, and it’s even madder now. Polygon’s 11-month winning streak was snapped in April, after Gotham City Research called Quindell Portfolio “a country club built on quicksand” whose shares are worth no more than £0.03. The firm distributed its report to a number of hedge funds, sending its shares plummeting. Those losses extended into last month, sending Polygon down 1.39% and cutting its year-to-date gains to 8.69%.

Ex-China Sovereign Manager Plans Hedge Fund (Finalternatives)
A former top stock manager at China’s sovereign wealth fund is set to launch a long-biased hedge fund focused on the country. Yu Bin, who served as managing director of public equities at the China Investment Corp., left the fund earlier this year for personal reasons after five years. Among his responsibilities at the US$650 billion SWF was allocating to external long-only stock funds, the demand for which he now hopes to tap. “For anyone interested in value and performance over the long term, this should be a great opportunity for managers, such as Yu Bin, looking to launch long-biased China funds,” Eurekahedge CEO Alex Mearns told Bloomberg News.

Lorrie Landis joins Robin Judson Partners (Greenwich-Post)
Robin Judson Partners, an executive recruiting firm focused on hedge funds, private equity and investment banking, has appointed Greenwich resident Lorrie Landis as a Managing Director. In this role, Ms. Landis will serve as a senior recruiter on the Robin Judson Partners team. She will be responsible for positions in research, marketing, trading and portfolio management. “Robin Judson Partners is the premiere search firm for asset management which fits seamlessly with my experience,” Ms. Landis said.

Activist Hedge Fund Firms Eye European Targets (InstitutionalInvestor)
Last October William Ackman, founder of New York hedge fund firm Pershing Square Capital Management, announced to an audience at Oxford University’s Said Business School that shareholder activism – largely a pursuit particular to U.S. hedge fund titans – “is going to happen” in Europe. The dots began to connect when news broke this spring that Ackman was raising money for a closed-end fund that could possibly list on the London Stock Exchange this summer. The wave of U.S. activism of the past few years has largely remained on the western shore of the Atlantic. In the meantime, European companies have been watching and taking notes…

Cramer’s Mad Dash: Ulta’s terrific quarter (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!