Hedge Funds Gain Big on Brigham $BEXP Deal

Several hedge funds gained big Monday after Statoil ASA (STO) announced it was going to buy Brigham Exploration Co. (BEXP) in a $4.4 billion deal. Share price rose from $30.36 at close on Friday to $36.75 at market close Monday. Of the funds we track, the following funds made the most on the news: Michael Karsch 1. Karsch Capital Management - Michael Karsch: Gained $13.4 million 2. Millennium Management - Israel Englander: Gained $5.1 million 3. Soros Fund Management - George Soros: Gained $2.6 million 4. Clough Capital Partners - Charles Clough: Gained $2.2 million 5. Citadel Investment Group - Ken Griffin: Gained $2.1 million 6. Dawson Capital Management - Jonathan Dawson: Gained $1.9 million 7. Diamondback Capital - Richard Schimel: Gained $1.3 million 8. Marathon Asset Management - Bruce J. Richards And Louis Hanover: Gained $1.2 million 9. Zweig Dimenna Partners - Joe Dimenna: Gained $988,000 10. Copia Capital - Tim Flannery: Gained $903 million DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in BEXP since the end of June. We did not take into account their option positions.
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!

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!