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: Snow Park Capital, Cyrus Capital Partners, Ballantyne Strong Inc (BTN), National CineMedia, Inc. (NCMI), Corvus Gold Inc (CORVF), and More

Hedge Fund Snow Park Pushes Japara on New Structure (AFR.com)
New York-based hedge fund Snow Park is actively pushing for aged care group Japara to hive off as much as $400 million in property assets in an attempt to realise better value for the stock price, which has been trading below book value. Aged care stocks have tumbled this year due to the announcement of a royal commission into the sector as well as uncertainty about property prices and government funding cuts. Snow Park’s Jeffrey Pierce flew into Australia this week and met with Japara management to pitch the plan of turning Japara back into an operating company with a separate property company that would sell and lease back the aged care real estate.

Sears Investors Claim Hedge Fund Cyrus Improperly Influencing Credit Market: Letter (Reuters)
NEW YORK (Reuters) – Investors who bought insurance meant to mitigate losses from Sears Holdings Corp’s (SHLDQ.PK) bankruptcy proceedings are claiming that a hedge fund that sold the insurance is improperly influencing market proceedings, according to a letter seen by Reuters. According to the letter, Cyrus Capital Partners LP worked to “torpedo” an auction planned for Tuesday for company bonds by getting Sears to include wording in a bankruptcy court order that would disqualify the bonds in credit proceedings.

Insider Trading

Syda Productions / Shutterstock.com

WorldQuant’s New Fund Said to Lose 9.5% as Chaos Smashes Algos (Bloomberg)
(Bloomberg) — WorldQuant’s first fund for outside investors lagged behind its target index in October and has underperformed the benchmark since it started, according to people who have been briefed on the returns. The $2.6 billion quant stock fund, a joint venture between Igor Tulchinsky’s WorldQuant and Izzy Englander’s Millennium Management, is designed to significantly outperform the MSCI World Index, said the people, asking not to be identified because the returns haven’t been publicly disclosed. The fund, which started in May, dropped 9.5 percent in October, compared with a 7.3 percent decline in the index.

Campbell Soup’s Activist Fight Going Down to the Wire Over Two Nominees (CNBC)
In a week, shareholders will vote on whether Campbell Soup’s board will face its most significant disruption in 64 years as a public company. Activist firm Third Point has been waging a proxy battle against Campbell, demanding that it put five of its nominees on its board. In this contest for Campbell, it is seemingly no longer a question of whether it will add Third Point nominees but how many. The number is significant. According to the bylaws, Campbell has 12 board members, with the ability to go to 14, with board approval. (Its bylaws could be amended to boost the board even more.)

Carney: Hedge Funds Are Manuevering to Loot Fannie and Freddie from the U.S Taxpayer (Breitbart.com)
Blackstone, the world’s largest private equity group, and the hedge fund Paulson & Co., run by Trump Wall Street supporter John Paulson, last year reportedly hired the investment bank Moelis & Co. to develop proposals to overhaul the two agencies. The plan went nowhere, in large part because it was dead on arrival in the House Financial Services committee, then run by conservative Republican stalwart Jeb Hensarling. Hensarling, however, chose not to run for re-election and the chair of the committee will now be occupied by leftwing Democrat Maxine Waters of California.

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...