Steve Cohen, Whitney Tilson $NFLX, and Mark Mobius

WSJ Prints List of SAC’s “Well-Timed” Trades (WSJ)

Wall Street regulators expressed mounting concern about SAC Capital Advisors‘ trading over a nine-year period, detailing in dozens of confidential reports suspicions that the hedge-fund firm might have profited from insider information. The reports, submitted by the regulators to the Securities and Exchange Commission, don’t allege wrongdoing by SAC, one of the world’s best-known hedge-funds, which is overseen by billionaire founder Steven A. Cohen.

SAC CAPITAL ADVISORS

Whitney Tilson Buys Netflix After Tuesday’s Crash (WSJ)

Whitney Tilson is ready for a rematch with Netflix. Only this time, he’ll be in the other corner of the ring. Having been short when the stock went to the moon, the hedge-fund manager is now at risk of catching a falling knife. Mr. Tilson tells us in an e-mail that he bought the stock this morning after it tumbled 35%: “It’s been frustrating to see our original investment thesis validated, yet not profit from it.  It certainly highlights the importance of getting the timing right and maintaining your conviction even when the market moves against you.  The core of our short thesis was always Netflix’s high valuation.  In light of the stock’s collapse, we now think it’s cheap and today established a small long position.  We hope it gets cheaper so we can add to it.”

Mark Mobius Says Derivatives Markets Needs Reigned In (TheGlobeAndMail)

An opaque and bloated derivatives market is ultimately at the root of the volatility roiling stock markets – and investors’ best defence against it is global diversification, argues the man generally recognized as the father of emerging-market investing. “You’ve got $600-trillion in derivatives out there – that’s 10 times more than global GDP,” Mark Mobius, the globe-trotting fund manager at Franklin Templeton Investments, said during a rare visit to Toronto Monday.

F&C Restructuring (FT)

It has taken Edward Bramson, the turnround specialist, a while to come up with his review of F&C Asset Management, the investment group that he now chairs. He promised a root-and-branch review nine months ago when he won the backing of F&C’s shareholders, who have suffered seven years of underperformance, to become chairman. When Alain Grisay, F&C’s chief executive for six years, announced his departure earlier this month, the scene was set for a radical restructuring.

Merlin Securities Hires Ex-MS Strategist Rick Bensignor  (FINAlternatives)

Prime brokerage Merlin Securities has hired Morgan Stanley alumnus Rick Bensignor as chief market strategist. Bensignor has extensive experience in the finance world, including a stint as chief market strategist for Morgan Stanley’s principal strategies group. Prior to that, he had been the firm’s institutional investor-ranked technical strategy analyst, overseeing its technical product for four years.

Man Group’s Luke Ellis Expects 4th Qtr Redemptions (FINAlternatives)
Despite the difficulties faced by hedge funds in recent months, investors have stuck by them, even adding cash at a time when returns are suffering. That could be changing, according to one top industry executive. Hedge funds will likely suffer net redemptions in the fourth quarter, the Man Group‘s Luke Ellis said. “There will be a lot of people feeling uncomfortable about performance over the last six months,” he explained. ”A lot of people are trying to work out what to do for year-end,” Ellis added. “I’d expect you’d see net redemptions from the average hedge fund over the fourth quarter.”

Affiliated Managers Group (AMG) Up 18% (FINAlternatives)

Affiliated Managers Group continued its strong run in the third quarter, posting another double-digit increase in profit as its portfolio companies continued to take in new money. Prides Crossing, Mass.-based AMG, which invests in asset managers and owns stakes in hedge funds AQR Capital Management, BlueMountain Capital Management, ValueAct Capital and Value Partners Group, said its quarterly profit rose 18% year-on-year. In the previous three quarters, the firm had enjoyed at least an 80% increase, and in the fourth and first quarters saw its profit double.

HedgeServ Creates 300 New Jobs (TheJournal)

A GLOBAL hedge fund administrator has announced the creation of 300 jobs at its Irish operations. HedgeServ, which is based on St Stephen’s Green in Dublin, will add the jobs to its Irish workforce which currently stands at 230. The company’s Irish employee base has already increased by 150 people over the last 12 months.

SEC Considers Easing Hedge Fund Data Rule (Reuters)

Regulators are considering easing a proposed rule so that fewer hedge fund advisers would have to hand over troves of confidential data to the government, according to people familiar with the deliberations. The Securities and Exchange Commission is due to vote on a final rule on Wednesday on the threshold that would trigger extensive reporting requirements for advisers to large hedge funds and other private funds.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

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!