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Hedge Fund and Insider Trading News: Philip Falcone, Ray Dalio, Continental Resources, Inc. (CLR), Sandy Spring Bancorp Inc. (SASR), Independent Bank Group Inc (IBTX), and More

Hedge Funder Phil Falcone Just Listed his New York City Townhouse for $39 Million (Business Insider)
Philip Falcone is ready for a bigger house. The former hedge fund manager is listing his Upper East Side townhouse for $39 million, as he and his wife Lisa plan to move to a larger house nearby, according to the Wall Street Journal. The townhouse on the market, located at 22 East 67th Street, is 24 feet wide and five stories tall with 13,300 square feet of indoor space and 2,200 square feet of outdoor space. Amenities include a wine cellar, a rooftop terrace and a fireplace.

Why is U.S. Hedge Fund Manager Treated Like a Rock Star in China? (
Chinese bankers and finance professionals have been chattering about Ray Dalio, founder of the world’s largest hedge fund, in recent weeks after the local version of his memoir “Principles” hit the shelves of Chinese bookstores. Many have been sharing power-point presentations and speech transcripts of the 68-year-old founder of Bridgewater Associates, who has built a cult following in China over the past decades. Dalio shot to fame on Wall Street for his Midas touch, even during and after crises. He was in China in late-February, to talk about the game-changing principles that underpin his firm, which manages over $160 billion yuan worth of assets across the globe and has raked in nearly $50 billion in profit since its establishment in 1975.

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Would Buffett’s Index Tracking Wager Have Paid Off for Income-seekers? (Interactive Investor)
Great excitement surrounds the publication of Warren Buffett‘s annual letter to shareholders of his investment company, Berkshire Hathaway. Part of his appeal is his unique brand of folksy wisdom that makes becoming one of the world’s richest men appear so easy that anyone could do it. This year’s letter includes the results of a wager Buffett made in 2007, that a low-cost US stockmarket tracker fund would outperform a group of hedge funds chosen by an experienced industry insider. By now I’m sure you have heard the outcome – he won the bet, further burnishing his legendary status. The S&P 500 tracker fund rose 125% over the 10 years to the end of 2017 while the best hedge fund chosen gained 88% and the worst just 2.8%.

Billionaire Paul Tudor Jones Takes the Bet on Advanced Micro Devices, Inc. (AMD), Whacks Micron Technology, Inc. (MU) Almost in Half (
Paul Tudor Jones found his way onto the Forbes 400 rich list, thanks to a monster net worth of $4.7 billion to his name. Jones’ asset management firm Tudor Investment Corporation has been running since 1980, and not long after followed the Tudor Group- a fund managing around $11 billion as of 2016. How does one of Wall Street’s respected, and most well-to-do gurus assess the memory sector? Jones has opted to welcome his chances with Advanced Micro Devices, Inc. (NASDAQ:AMD). Yet, the same cannot be said for Micron Technology, Inc. (NASDAQ:MU), a chip giant that has seen Jones backtrack in a major way.

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