Hedge Funds Gain Big After $AVP Rises

Avon Products Inc. (AVP) soars after the company announces it will separate the roles of chairman and CEO in 2012. Andrea Jung, who currently holds both posts, will serve as executive chairman while the distributor of beauty products will search for a new CEO. AVP closed on Tuesday at $16.14, and is trading at $17.50 at 10:40AM EST on Wednesday, representing an 8.43% or $1.36 increase.

RENAISSANCE TECHNOLOGIES

Here is a list of the top 10 hedge funds hedge funds that may reveal large gains:

1. Renaissance Technologies – Jim Simons: gains $961 thousand

2. Bridgewater Associates – Ray Dalio: gains $918 thousand

3. Adage Capital Management – Phill Gross and Robert Atchinson: gains $834 thousand

4. Highbridge Capital Management – Glenn Russell Dubin: gains $626 thousand

5. AQR Capital Management – Cliff Asness: gains $339 thousand

6. Millennium Management – Israel Englander: gains $282 thousand

7. David E. Shaw – D. E. Shaw: gains $249 thousand

8. Caxton Associates – Bruce Kovner: gains $217 thousand

9. Citadel Investment Group – Ken Griffin: gains $150 thousand

10. SAC Capital Advisors – Steven Cohen: gains $61 thousand

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in AVP since the end of September. We did not take into account their option positions.

Biotech Insider Alert - $5 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.
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!