Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Gain Big on News of El Paso $EP Purchase

El Paso Corp (ES) was up over 23% on Monday morning in news that Kinder Morgan would buy the company in a deal estimated at over $20.7 billion. Shares rose from $19.59 at close Friday to trade at $24.15 a share by 10am EST. The deal is expected to make Kinder Morgan the largest natural gasoline operator in the US.

Barry Rosenstein JANA PARTNERS

The following hedge funds made big on the news:

1. Jana Partners – Barry Rosenstein: Gained $110.5 million

2. Third Point – Dan Loeb: Gained $59.3 million

3. Fir Tree – Jeffrey Tannenbaum: Gained $26.9 million

4. Eton Park Capital – Eric Mindich: Gained $25.2 million

5. Diamondback Capital – Richard Schimel: Gained $23.9 million

6. D E Shaw – D. E. Shaw: Gained $21.1 million

7. Omega Advisors – Leon Cooperman: Gained $18.9 million

8. First Eagle Investment Management – Jean-Marie Eveillard: Gained $16.1 million

9. Kensico Capital – Michael Lowenstein: Gained $10.9 million

10. Magnetar Capital – Alec Litowitz And Ross Laser: Gained $10.2 million

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

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!