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: King Street Capital, Third Point LLC, Alta Mesa Resources Inc (AMR), HubSpot Inc (HUBS), MYnd Analytics Inc (MYND), and More

U.S. Hedge Fund Seeks Board Shake-Up at Toshiba (The Wall Street Journal)
TOKYO—New York-based hedge fund King Street Capital Management LP has proposed new independent directors at Toshiba Corp., according to people familiar with the matter, the first indication of dissatisfaction among the foreign funds that bought into the Japanese industrial conglomerate last year. King Street is one of the biggest shareholders in Toshiba, amassing a 5.2% stake, according to a regulatory filing on May 29. As of March 31, 72% of Toshiba’s shares were held by non-Japanese investors, according to the company.

Exclusive: Third Point Seeks to Tap Campbell Soup Board Challengers – Sources (Reuters)
(Reuters) – Activist investor Daniel Loeb’s hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co’s (CPB.N) board of directors, according to people familiar with the matter. Third Point, which holds a 5.65 percent stake and has been pushing for a sale of Campbell Soup, is not convinced the company has adequately explored that option, the sources said. On Thursday, Campbell Soup said it planned to sell its international and fresh refrigerated-foods units, and only left open the possibility of putting the whole company up for sale down the line.

Countries with the Smallest Government Per Capita in the World

Pressmaster/Shutterstock.com

Point72 Poached a Junior Citadel Trader and a Junior RBC Analyst (eFinancialCareers.com)
It may be August (just) but this hasn’t dissuaded hedge fund Point72 Asset Management from continuing with its hiring drive. The hedge fund, which was founded by veteran trader Steve Cohen, has hired a former junior natural gas trader from Citadel, and a former financials equity researcher from RBC Capital Markets. Chris Weiss, who spent fourteen months at Citadel after graduating from Cambridge University with a PhD in econometrics, is joining Point72’s discretionary global macro team in September. A specialist in forecasting methodology research, Weiss is understood to be joining Peter Williams’ global macro team as a quant analyst. Williams himself joined Point72 in June 2018 after three years at Balyasny and seven years at Goldman Sachs.

Ackman’s Pershing Square Discloses Reduced Stake in Chipotle (Bloomberg)
Chipotle Mexican Grill Inc. has a new top shareholder after billionaire investor Bill Ackman sold a stake in the burrito chain valued at about $401 million. Ackman’s Pershing Square Capital Management cut its Chipotle stake to 7.4 percent, down from its previous position of 10.4 percent. The company’s new top shareholder is Vanguard Group Inc., with a stake of about 9.1 percent as of June 30, according to data compiled by Bloomberg.

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...