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 Fund and Insider Trading News: Bill Ackman, Elliott Management, TransUnion (TRU), Universal Insurance Holdings, Inc. (UVE), Snap Inc (SNAP), and More

Wall Street Comes to Hell’s Kitchen With Ackman’s Office Project (Bloomberg)
Another piece of gritty New York City is giving way to the appetites of Wall Street. By Monday, commercial-property lender Dwight Capital LLC will have settled into its new headquarters at 787 11th Ave. in Hell’s Kitchen, on a stretch that’s known for its car dealers and auto-service shops. The firm is the first office tenant to move into the building, which has gotten a more than $100 million overhaul. Within a year, Bill Ackman’s hedge fund, Pershing Square Capital Management, will settle in.

Elliott Stake Report Lifts Italy’s Mediobanca Shares (Reuters)
MILAN/LONDON (Reuters) – A report that activist fund Elliott Management has built a stake of around 1 percent in Mediobanca (MDBI.MI) lifted shares in the influential Italian investment bank on Friday. The U.S. hedge fund, which is stepping up its activities in Europe as it sees more opportunities to unlock value for shareholders, declined to comment on the report in Italian newspaper La Repubblica, which cited two financial sources.

Countries with the Smallest Government Per Capita in the WorldCountries with the Smallest Government Per Capita in the World

Rawpixel.com/Shutterstock.com

Steve Cohen’s Point72 Is Hiring Money Managers Schurr and Simon (Bloomberg)
Point72 Asset Management has hired two new money managers as the $13 billion hedge fund expands its ranks. Steve Cohen’s firm brought on Stephen Schurr from long-short equity manager Brahman Capital Corp., according to a person with knowledge of the matter. Point72 also tapped Senator Investment Group’s Jeremy Simon, who will begin at the Stamford, Connecticut-based firm next month and focus on financial companies, said the person.

To Be Truly Happy Again, David Einhorn Needs To Drop Everything And Buy The Mets (DealBreaker.com)
In the span of roughly 48 hours this week, The New York Mets lost a baseball game by the score 0f 25-4 and the Tesla Motor Company saw its stock surge despite a quarterly result that would have been problematic for literally almost any other business. No one in the world took those two things harder in combination than David M. Einhorn. As a lifelong, committed Mets fan and one of the world’s most vocal Tesla short-sellers, Einhorn had a week from Hell.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...