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: Crispin Odey, Eddie Lampert, Axonics Modulation Technologies Inc (AXNX), Butler National Co. (BUKS), Intersections Inc. (INTX), and More

Crispin Odey’s October Gains Boost Hedge Fund Returns to 48% (Bloomberg)
(Bloomberg) — Crispin Odey, fighting to recover from three successive years of losses in his main hedge fund, made money last month as his long-running bearish bets paid off. The Odey European Inc. fund gained 7.2 percent in October, boosting returns for this year to 48.4 percent, according to an investor update seen by Bloomberg. It hasn’t lost money in any month this year. A spokesman for London-based Odey declined to comment.

Sears is Nearing a $600 million Bankruptcy Financing Deal Without the Help of Eddie Lampert’s Hedge Fund (Business Insider)
Sears Holdings Corp is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600 million from $300 million without Chairman Eddie Lampert‘s hedge fund contributing, people familiar with the matter said on Monday. The deal, which may come as soon as this week, could provide enough money for the beleaguered U.S. retailer to keep its shelves stocked during the holiday shopping season and retain sufficient support from creditors and vendors to emerge from bankruptcy proceedings.

Insider Trading Back

Luis Louro /

Pelham Capital Hedge Fund Tumbles 14.4% in October Rout (Bloomberg)
One of Pelham Capital’s hedge funds plunged last month, joining a host of other firms that struggled to perform in October. Pelham’s long-short equity fund, managed by founder Ross Turner, fell an estimated 14.4 percent last month, leaving it down about 12 percent so far this year, according to people with knowledge of the matter. A representative London-based Pelham declined to comment.

These are the Billionaires Hoping to Influence Elections that will Determine Control of Congress (Los Angeles Times)
Tom Steyer and Kathryn Ann Taylor — $59.8 million: Steyer is an environmentalist and former hedge fund manager at Farallon Capital who made his fortune “picking diamonds out of the dust,” as one magazine put it. In 2012, Steyer walked away from his company to focus full time on political activism and philanthropy. He and his wife, Taylor, have an estimated net worth of $1.6 billion and have become top Democratic donors.

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.