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: Eddie Lampert, Elliott Management, Limelight Networks, Inc. (LLNW), The New York Times Company (NYT), Spectrum Pharmaceuticals, Inc. (SPPI), and More

Eddie Lampert is Seeking to Sell Sears Assets to his Hedge Fund – This will be Bad for Sears (
In wanting to sell Sears’ assets to his investment vehicle ESL, chief executive Eddie Lampert is tacitly admitting his tenure has been a failure. Sears Holding Corporation has been in decline for a long time. So far, Sears CEO Eddie Lampert has resisted all calls to step down, or to transform his approach to running the company. The decision to sell the most lucrative assets, including appliance brand Kenmore to ESL Investments, a hedge fund controlled by Lampert, to raise capital is a tacit admission of failure. The much criticized hedge fund billionaire is seeking to sell the assets from his own company to his own hedge fund.

Paul Singer’s Elliott Management Wins Bitter Battle for Control of Telecom Italia (CNBC)
Telecom Italia’s shareholders have voted to form a new board, ending a bitter battle for control between activist investor Elliott Management and French conglomerate Vivendi. Elliott Management, an activist fund run by its billionaire founder Paul Singer, won the vote securing two-thirds of seats on Telecom Italia’s board. Elliott had accused Vivendi of failing shareholder interest in Italy’s biggest phone company and subsequently forced Friday’s vote over the company’s stewardship. Telecom Italia shares rose sharply on the news on Friday afternoon.

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

Warren Buffett’s Investing Success Boils Down to 3 Key Characteristics that May be Genetically Determined (Business Insider)
Warren Buffett is one of the most successful investors ever, using an approach known as value investing. Value investing is essentially the opposite of speculative investments, such as bitcoin. There are three essential characteristics needed to succeed as a value investor: patience, discipline, and risk aversion. Warren Buffett loves a good deal. In fact, his propensity for value spills over into many areas of his life, from his phone to his investment portfolio. And it’s done more than just save him a few dollars here and there – it’s helped him amass billions.

Four Found Guilty in Insider Trading Case Linked to U.S. Health Agency (Reuters)
NEW YORK (Reuters) – Two partners at the hedge fund Deerfield Management and two others were found guilty on Thursday of charges stemming from what prosecutors have described as an insider trading scheme based on leaks from within a federal healthcare agency. Rob Olan and Ted Huber, partners at Deerfield Management who are on leave, were convicted of counts including wire fraud, securities fraud and conversion of government property, as was David Blaszczak, founder of political consulting firm Precipio Health Strategies. Christopher Worrall, who worked for the U.S. Centers for Medicare and Medicaid Services (CMS), was also convicted of wire fraud and conversion of government property, but acquitted of securities fraud.

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.