Articles by Bob Luochang Yu

Ackman Says He Will Be Patient on J.C.

Seth Klarman’s Margin of Safety (Frank Voisin) Seth Klarman’s classic Margin of Safety is the most concise introductory value investing book you can find. Or not find.

Brevan Overtakes Paulson As World's Top Hedge Fund (HFM Week) Brevan Howard is now the world’s top hedge fund manager by annualised net gains, new research suggests, following...

Peter Schiff: Why Warren Buffett Is Wrong About Gold (Investment News) The gold doomsayers have found their champion in the media's favorite financial adviser and one of the world...

Movers & Shakers: Buffett's Insurance Cash Stalling (Bloomberg) Bloomberg's Betty Liu and Dominic Chu report that Warren Buffett, the former hedge fund manager who built Berkshire...

Bumpy Road for Buffett as Insurance Funds Dry Up (Bloomberg) Bloomberg's Dominic Chu reports that Warren Buffett, the former hedge fund manager who built Berkshire Hathaway Inc...

Feds Taped Cohen's Calls In Insider Probe (FINalternatives) Federal authorities recorded several of SAC Capital Advisors founder Steven Cohen's phone calls in the early stages...

Dalio Delivers Billions for Hedge Fund Investors (Bloomberg) Bloomberg's Dominic Chu reports that Ray Dalio’s Pure Alpha hedge fund made $13.8 billion for its investors last...

Hedge Fund Assets May Hit $2.1 Trln In 2012-Survey (Reuters) Hedge fund assets under management could reach $2.13 trillion at the end of the year, as investors put more cash into...

Hedge Fund Investor Base Has Changed, Nemes Says (Bloomberg) Anita Nemes, Deutsche Bank AG's London-based global head of capital introduction, talks about the outlook for the ...

Buffett Reveals Warts as He Prepares Annual Letter (Bloomberg) Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television...

Ex-Kingdon Exec Readies Samena-Backed Asia Hedge Fund (Reuters) Wuzhu Asia Partners, founded by former director of Asia research at New York-based multi-billion dollar hedge fund...

Chanos, Zimmerman on Hedge Fund History (Bloomberg) Jim Chanos, founder of Kynikos Associates Ltd., Jamie Zimmerman, chief executive officer of Litespeed Management LLC, Michael...

Berkshire Adds DirectTV, Liberty Media (Bloomberg) Berkshire Hathaway Inc. (BRK/A) boosted its stake in DirecTV and added holdings of Liberty Media Corp. and DaVita Inc.

Gold Bulls Expand as Paulson Says Buy (Bloomberg) Gold traders are getting more bullish after billionaire hedge-fund manager John Paulson told investors it’s time to buy the...

Billionaire Falcone: No Lightsquared Bankruptcy (Reuters) Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc, one day...

Paulson Files to Approach Hartford Holders About Breakup (Bloomberg) Billionaire John Paulson, who controls an 8.4 percent stake in Hartford Financial Services Group Inc.

Hedge Funds Hike Commodity Wagers as Growth Outlook Improves (Bloomberg) Hedge funds increased bets on rising commodity prices to the highest since September on mounting confidence...

Whitman Capital Founder Accused of Using Tips From Rajaratnam Insider (Bloomberg) Whitman Capital LLC’s president was charged with taking part in two separate insider-trading...

Falcone-Backed Ferrous Resources Said to Name Nicolato Correa as Next CEO (Bloomberg) Ferrous Resources Ltd., the iron-ore miner backed by billionaire Philip Falcone’s Harbinger...

Buffett: Bonds Among Most Dangerous Assets (Bloomberg) Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said low interest rates and inflation should dissuade...

Mark Jurish on Hedge Fund Performance, Strategy (Bloomberg) Mark Jurish, chief executive officer of Larch Lane Advisors, talks about hedge fund industry performance and strategy...

HSBC published the Hedge Weekly for the week of Jan 30 to Feb 3, revealing a list of hedge funds’ performances in January 2012.

Ackman Faults Canadian Pacific Chief for ‘Worst Railroad’ (Bloomberg) Canadian Pacific Railway Ltd.’s (CP) support for Chief Executive Officer Fred Green doesn’t make ...

Mason Hawkins’ Southeastern Asset Management (www.southeasternasset.com) delivered its 2011 year-end investor letter.

Buffett Railroad Boosts Capital Plan to $3.9 Billion in Coal Bet (Businessweek) Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, plans $3.9 billion in ...

FX Concepts’ Taylor Shorter on Dollar Than Euro on Fed’s Low-Rate Pledge (Bloomberg) John Taylor, founder of currency- hedge fund FX Concepts LLC, said he’s betting against...

Lansdowne Flagship UK Hedge Fund Up 5.7 Pct In Jan (Reuters) Lansdowne Partners, one of Europe's biggest hedge fund managers, saw its flagship UK fund return 5.7 percent in January...

TPG Capital Agrees to Acquire GlobeOp Financial Services for $800 Million (Bloomberg) TPG Capital LLP agreeed to buy GlobeOp Financial Services SA, a hedge fund administrator, ...

Steven Cohen’s SAC Capital Advisors revealed late yesterday that the firm now has 9.42 million shares of American Eagle Outfitters Inc.

Hedge Fund Gottex to Cut Costs As Assets Shrink (Reuters) Swiss fund of hedge funds manager Gottex GFMS.S said it would slash running costs by 15 percent in 2012 after assets ...

Bruce Berkowitz’s Fairholme had a terrible 2011. The fund lost more than 32% over the year, and only remains less than $7 billion under management. (more…)

Ken Griffin’s Citadel Investment Group disclosed today for its 6.5% passive stake in Basic Energy Services Inc. (BAS).

Hedge-Fund Liquidity Turned Corner, Says Gayeski (Bloomberg) Troy Gayeski, senior portfolio manager at SkyBridge Capital LLC, discusses liquidity conditions for hedge funds and...

George Soros: I have just published a book which tries to explain and, to the extent possible, predict the outcome of the euro crisis.

Texas Fund ‘Eaten Alive’ by Hedge Fees May Curb Costs by Hiring In-House (Bloomberg) Texas’s Permanent School Fund may hire in-house money managers to oversee its $25 billion...

Bill Ackman filed his recent insider purchases in JC Penney Co Inc. (JCP).

Greenlight’s David Einhorn Ordered Insider Trades ‘Within Minutes’ of Tip (Bloomberg) The following day, a corporate broker from Firm X and Punch management had a 45-minute...

Legendary hedge fund billionaire George Soros is attending the World Economic Forum in Davos on Wednesday. (more…)

Warren Buffett’s Berkshire Hathaway Inc. is preparing to issue $1.7 billion bonds to help refinance the debt that used to acquire Burlington Northern Santa Fe.

Hedgies Braving Battered Markets to Go It Alone (Reuters) Several high-profile hedge fund managers are preparing to strike out on their own this year, supported by strong followings...

Apple Inc.

Pershing Names Nominees To Canadian Pacific Board (Reuters) Canadian Pacific Railway Ltd (CP) said William Ackman's hedge fund Pershing Square Capital Management has asked to ...

January 20, 2012 Dear Investor, We are pleased to report that Citadel Wellington LLC (“Wellington”) and Citadel Kensington Global Strategies Fund Ltd.

Hedge Fund Exit Requests At Record Low –Globeop (Reuters) Redemption requests by hedge fund clients have fallen to the lowest monthly level on record as improving market sentiment...

During the Chinese Spring Festival, Warren Buffett sent his greetings to the Chinese people. He said: “Hello, I’m Warren Buffett.

Nouriel Roubini, the New York University professor who predicted the 2008 financial crisis, and Ian Bremmer, president of Eurasia Group, talk about the outlook for the global ...

Marc Faber, publisher of the Gloom, Boom and Doom report, talks about the outlook for stocks versus bonds and his investment strategy on Bloomberg today.

Icahn Said To Buy Lightsquared Debt In Bet On Falcone Venture’s Collapse (Bloomberg) Billionaire Carl Icahn has purchased debt from Philip Falcone’s LightSquared Inc.’s ...

Andrew Feldstein, founder of Blue Mountain Capital, talks about the role of credit derivatives in financial markets on Bloomberg.