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: John Rogers, Paul Singer, Harris Associates LP, Vermillion, Inc. (VRML), Microsoft Corporation (MSFT), Planet Fitness Inc (PLNT), and More

John Rogers: Bridging the Wealth Gap (ThinkAdvisor.com)
Think about this when you hear the term “wealth gap”: A 2015 St. Louis Fed study found that between 1989 and 2013, even college-educated African Americans saw their wealth decline 55%. This was one part of John Rogers’ answer to my question about why he started an internship program at the University of Chicago that places under-resourced students into asset management and foundation positions. “I’ve been running Ariel for 35 years, and the wealth gap in the country between the majority community and the minority community has grown – it’s dramatic,” he explained, so he decided to “in a small way, to make a little dent in the problem.” Rogers is chairman and CEO of Ariel Investments, the asset management firm he founded in 1983 that has $13.2 billion in assets, offices in Chicago, New York and Sydney, Australia, and 99 employees.

Paul Singer’s Hedge Fund Lobbies Against Dell’s $22B Deal (TheJewishVoice.com)
Criticism about Michael Dell’s attempt to buy the VMware tracking stock for $22 billion came from Paul Singer’s Elliott Management this week. Reports say the hedge fund has communicated with the owners of the tracking stock, which is traded as Dell Technologies, with criticism of the deal, according to an article in the New York Post. “They made it clear they are against it,” one source commented. Another added, “There are certain aspects of the deal they say are pretty awful.” Singer is ensconced in the limelight. In a cover article titled Paul Singer, Doomsday Investor, The New Yorker noted that “In the press, Singer and similar investors have been compared to vultures, wolves, and hyenas. Bloomberg has called Singer “aggressive, tenacious and litigious to a fault,” anointing him “The World’s Most Feared Investor.”

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

Rawpixel.com/Shutterstock.com

U.S. Hedge Fund Takes 3.1% Stake in Ryanair (MarketWatch)
U.S. hedge fund Harris Associates LP has taken a stake in European budget carrier Ryanair Holdings PLC RYA the airline disclosed Tuesday in a regulatory filing. Chicago-based Harris Associates has taken a 3.07% stake in Ryanair, the carrier said. The Irish carrier said Harris’s holdings reached 3% on Aug. 22. The stake was worth around $540 million at the time. Harris Associates describes itself as a value investor. It acquired stock in mining giant Glencore PLC (GLEN.LN) in 2015 after shares tumbled. The fund this year disclosed that it had taken a 5.2% stake in Japanese medical-device maker Olympus Corp. (7733.TO), whose shares had underperformed.

Will Selling Micron (MU) and Apple (AAPL) Help Revive This Flailing Billion-Dollar Fund? (SmarterAnalyst.com)
Hedge fund legend David Einhorn is feeling the pressure right now. In the second quarter his Greenlight Capital fund ditched a large chunk of its Micron (NASDAQ:MU) and Apple (NASDAQ:AAPL) holdings. The crucial question now is: Will these big bear moves bring the fund better luck going forward? Greenlight Capital is a “long-short value-oriented hedge fund.” The fund lost 5.4% in Q2, bringing its year-to-date loss to a whopping 18.3%. By contrast the market was up 2.6% in the first two quarters. Even Einhorn admitted to investors that “over the past three years, our results have been far worse than we could have imagined, and it’s been a bull market to boot.” Unsurprisingly, several investors have given up on the fund and sold out (details unknown).

Don’t Be An Investing Patsy (Forbes)
Poker players must have smiled when the great investor, Warren Buffett, quoted one of their aphorisms in a 1987 investor letter: “If you are sitting at a poker table for 30 minutes and can’t figure out who the patsy is, the patsy is you.” The book Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street, written by New Yorker staff writer Sheelah Kolhatkar, and recommended to me by one of Framework’s members, a professional money manager, brings this message home in spades.

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...