Craig Effron: CDS Market Is Viable
Craig Effron, co-founder of New York-based Scoggin Capital Management LP, was on Bloomberg today talking with Adam Johnson. Effron is bullish about asset management stocks.
Author Archive - Bob Luochang Yu
Insider-Trading Probe News, Kodak Filed Bankruptcy, Hedge Fund May Sue Greece, etc.
As a profit-making endeavor, managing other people’s money is hard to beat. The business requires very little invested capital.
Marc Faber: Downgrades Were Already Discounted In Europe
As the European markets open high after France and Australia and seven other Eurozone nations downgraded by S&P on Friday, Marc Faber, the legendary investor and the publisher...
HF Employees Arrested For Insider Trading, Founder Resigned From Yahoo, Stock Market Legends Hammered In China
Level Global Investors LP co-founder Anthony Chiasson and two other people were taken into custody as part of the five-year U.S.
Citigroup Drops More Than 7%, Hedge Funds Lose Big
Citigroup Inc. (C) slumps more than 7% today after the company reported its fourth quarter and full-year 2011 results.
Stock Market Legends Were Hammered In China; Buffett Lost $ 1.7 billion In Asia-Pacific
The stock market performance in China can be described as "tragic" in 2011. Shanghai Composite Index was down 21.68, while Shenzhen Component Index declined 28.41% last year.
Carl Icahn Initiated A New 14.54% Activist Stake In CVR Energy
Carl Icahn recently filed for his new position in CVR Energy Inc. (CVI).
Chuck Royce’s Small-Cap Picks, Economists’ “Inside Job”, Cohen Joins Museum Board
Royce & Associates, founded by Chuck Royce in 1972, employs a value-based approach to invest in companies with small market capitalizations.
Canadian Pacific Cautioned Ex-Chief To Stay Away From Ackman, Icahn Buys $CVI, European Hedge Funds Bet China Down
The Canadian National Railway publicly cautioned its former chief executive, E. Hunter Harrison, on Friday against participating in the hedge fund manager William A.
Peter Schiff: The Crisis We Are Creating Is Much Bigger Than The Financial Crisis
With President Obama making official request for Congress to raise the debt ceiling by $1.2 trillion, Peter Schiff talked on FOX Business today and believes the situation in the...
Paulson Persists With Property, Coleman Raise $XRS, Top 10 Fund Managers Loved By Hedge Funds, Hedge Funds On Greek Debt…
Paulson’s credit funds owned at least $2.4 billion of mortgage- backed securities on a “notional” basis in the third quarter, or at least 20 percent of its holdings, according...
Frank Brosens’ Taconic Capital Bought More CA Inc. ($CA)
Frank Brosens’ Taconic Capital filed recently that the firm increased its activist stake in CA Inc. (CA) to 5.14%.
Chase Coleman Raised Stake In TAL Education Group
Tiger Global Management’s Chase Coleman, who was famous for his outstanding 45% return in 2011, boosted his activist stake in TAL Education Group (XRS).
Ken Griffin Boosted Stake In Ciena Corp
Ken Griffin reported early today that his Citadel Investment Group has boosted its stake in Ciena Corp (CIEN).
Why Obama Needs Buffett?
Buffett said publicly: "I fully trust Obama!", and raised money for Obama with his aged body.
GO.L Index Declined, Hedge Fund CEO Gets Prison, Sears’ Loans Halted, Buffett Challenges Republicans
Hedge funds have started the new year with a bout of the January blues, as investors get their books in order to start afresh in 2012, after last year's rollercoaster ride, data...
Carl Icahn Fought Back Oshkosh With A Second Presentation
Carl Icahn delivered the second presentation today after the board of Oshkosh claimed against Icahn’s presentation yesterday.
Hedge Funds Gain After First Solar Rises More Than 9%
First Solar, Inc. (FSLR) rises 9.60% to $42.49 at 1:07PM EST on Wednesday. One possible cause was a report from Deutsche Bank today.
Carlson Capital Sends Letter To Information Services Group $III, Running Out Of Patience
Carlson Capital sent a letter to the board of Information Services Group Inc. (III) early today. Carlson Capital is dissatisfied with the company’s poor performance.
HFs Bet On Greek Default, HFs Urge To Remove Private Funds’ Restrictions, Soros’ Predictions, Rogers Still Owns The Euro
Move over, John Arnold: the U.S. natural gas market has a new hedge-fund king, operating as skillfully and mysteriously as the ex-Enron wunderkind who once wowed the trade.
Eric Sprott Decreased His Position In Wi-Lan And Pacific North West Capital Corp
Eric Sprott recently disclosed that he has sold some of his passive stakes in two Canada-traded stocks, Wi-LAN Inc. (WIN.TO) and Pacific North West Capital Corp (PFN.TO).
Bruce Berkowitz’s Fairholme Capital Initiated A Position In $OSH
Bruce Berkowitz’s Fairholme Capital Management reported yesterday that the firm now has 718 thousand shares of Orchard Supply Hardware Stores Corp (OSH), giving a 14.9% passive...
Marc Faber, Jim Chanos, Jim Rogers, And Stephen Roach On “Short China”
At the beginning of the year 2012, the saying of “Short China” sounded again during the worldwide economy downturn.
10 Worst Performing Hedge Funds in 2011
We have been compiling hedge fund returns in 2011 for the past couple of weeks. We gathered returns for more than 60 hedge funds we are tracking.
Carl Icahn Urges Oshkosh To Sell JLG
Corporate raider Carl Icahn delivered a presentation to Oshkosh’s shareholders.
Hedge Funds Make Big After LULU Surges 13%
Lululemon Athletica Inc. (LULU) surges 13% today.
Chase Coleman’s Tiger Global Management Reported 9.1% Activst Stake In Linkedin
Chase Coleman's Tiger Global Management reported later yesterday that it has increased its activist stake in Linkedin Corp (LNKD).
Ackman Plans A Proxy Fight, Todd Combs Posted Gain In Bershire, Chase Coleman Returned 45% In 2011
William Ackman’s plan to wage a proxy fight to install a new chief executive officer at Canadian Pacific Railway Ltd.
Whitney Tilson’s T2 Partners 2011 Investor Letter
We hope you had wonderful holidays and wish you a happy new year!In each of our annual letters we seek to frankly assess our performance, reiterate our core investmentphilosophy...
Jim Rogers, George Soros, And Warren Buffett Are All Bullish About Euro Assets
Jim Rogers said publicly on Tuesday last week that the euro and Swiss franc will show buying opportunities in 2012. Although in the past few weeks he had sold some euros...
Warren Buffett Will Be On Chinese Internet Spring Festival
Hedge fund billionaire, investment tycoon Warren Buffett will be on the annual Chinese Internet Spring Festival and meet millions of Chinese audiences, disclosed by Jiuping Wang...
Jim Rogers Thinks Stocks Will Go Up in 2012
Legendary investor Jim Rogers shared his outlook for 2012 in an interview with Shanghai’s "First Financial Daily" newspaper.
John Paulson Will Be Hard To Make Money Back, CP Asks Ackman To Join Board, Soros And Rogers’ Outlooks
John Paulson, the billionaire money manager who’s vowed to restore his hedge fund to profitability after the worst year of his career, may have to take a cue from rival Ken ...
Hedge Funds Lose Tons Of Money After Family Dollar Drops 7%
Family Dollar Stores, Inc. (FDO) drops about 7% today after the company reported its 10Q for fiscal first-quarter 2012.
Elliott Sells Relativity Media Stake, Cohen Adds Member, Seth Klarman’s Mega-Quarry Investment, Sprint Invests In Lightsquared
Hedge funds sank almost 5% last year amidst market volatility and the European sovereign debt crisis.
Howard Marks Disclosed 30.96% Activist Stake In Spirit Airlines
Howard Marks’ Oaktree Capital disclosed on January 3rd that it now has approximately 22.46 million shares in Spirit Airlines, Inc.
Wexford Capital Reported 72.1% Stake In Rhino Resource Partners $RNO
Charles Davidson’s Wexford Capital reported 72.1% activist stake or 19.98 million common shares (units) of Rhino Resource Partners (RNO) today.
Hedge Fund Returns In 2011
HSBC published the Hedge Weekly #53, revealing a list of hedge funds’ return in 2011.
Hedge Funds Make Big After Bank of America Rises More Than 7%
Bank of America Corp (BAC) shares soars today and up more than 7% to $6.26 at 1:49PM EST on Thursday.
HFT Doubles In Europe, Citigroup Sued HK Hedge Fund Manager, Asia Hedge Funds Face Attrition
High-frequency traders are continuing to build their presence on European stock markets with new data from Nasdaq OMX, revealing that the firms doubled their trading activity ...
Hedge Funds Took In $3.6 Billion In November, Lampert Cuts Autozone
Elliott Management Corp., the hedge fund that backed filmmaker Relativity Media LLC, said the executive overseeing the entertainment investment is leaving as the company reduces...
Silver Point Capital Reported 1.3% Activist Stake In $MGI
Edward A. Mule’s Silver Point Capital reported its 1.3% activist stake in Moneygram International Inc. (MGI).
Hedge Funds Earn Big After Citigroup Rises 7%
Citigroup Inc. (C) rallies more than 7% today, along with Morgan Stanley and Bank of America, each rising more than 5%. This is after the disclosure that new U.S.
Lampert And Sears, Hedge Funds Tripped In 2011, Ackman Still Talks With Canadian Pacific And More
If hedge fund manager Eddie Lampert wants to save one of the oldest retail empires in the United States, he should consider shutting down Sears Holdings Corp's Kmart discount ...
Central Square Management Disclosed 5.01% Stake In $NXST
Kelly Cardwell - Central Square Management reported its 5.01% passive stake in Nexstar Broadcasting Group Inc. (NXST) on December 29th.
Michael Johnston’s Steelhead Partners Cut Its Stake In Scorpio Tankers
Michael Johnston’s Steelhead Partners reported on December 28th for its 4.8% passive stake in Scorpio Tankers Inc. (STNG).
GMT Capital Boosted Its Stake In $AXL
GMT Capital, managed by Thomas E. Claugus, recently revealed its 7.5% passive stake or 5.63 million shares in American Axle & Manufacturing Holdings Inc. (AXL).
Steven Cohen Reported 5.7% Passive Stake In Cheniere Energy
Steven Cohen - SAC Capital Advisors disclosed 5.7% passive stake in Cheniere Energy Inc. (LNG) on December 29th.
Hedge Funds Fudge Positions In Filings, AQR Unveiling Some New Funds, Whitney Tilson’s Interview
For years, finance experts have put together statistical analyses that suggest something fishy is going on with some of the reported returns in a large universe of hedge funds...
