Hedge Fund News: George Soros, Mark Kingdon & Marcato Capital Management

Billionaire George Soros Braces for a Correction in U.S. Equities (SECFilings)
Many billionaire investors have been bracing themselves for a market correction, but George Soros may be worth an extra look. After making a name for himself in the 1990s successfully betting against a central bank, Soros has developed an eye for macroeconomic changes in the global financial markets. Recently, he has been betting that the U.S. equity markets are due for a big correction. Soros Fund Management LP, the billionaire investor’s hedge fund, increased its holdings of S&P 500 put options by six times this quarter.

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A hedge-fund reinsurer’s perspective on the market: Past, present and future (PropertyCasualty360)
It’s easy, and perhaps even commonplace, to label anything in the reinsurance industry with the words “hedge fund” attached to it as “alternative capital” and categorize it in the same bucket as every other new-capital approach. But just as traditional reinsurers employ a number of different strategies when they do business, so too do players backed by capital from non-traditional sources.

Hedge fund investment boosting property values, says Kinloch Partners (HedgeWeek)
Hedge fund and real estate investment trust (REIT) investment in residential real estate is helping boost property values and creating rental inventory in Nashville, according to Bruce W McNeilage, founder of Kinloch Partners. McNeilage made his remarks as part of a panel presentation titled “Emerging Housing Trends: Converting Single Family Homes to Long-Term Rentals” at the Tennessee Housing Development Agency’s Governor’s Housing Summit.

Hedge funder Mark Kingdon buys penthouse at tony Upper East Side co-op for $30.9M (NYDailyNews)
Hedge fund kingpin Mark Kingdon is now king of his very own Upper East Side palace. The Kingdon Capital founder and his wife Anla Cheng Kingdon purchased a spectacular 10-room penthouse with a wraparound terrace at 1107 Fifth Ave. for a whopping $30.9 million, records show. The deal for the pad marks the end of what had become a lengthy saga for the apartment’s previous owner, the estate of Monique Uzielli, who bought it in 1958 and lived there until she died in 2011 at 98 years old.

Ferguson, the Foreclosure Crisis and America’s Hedge-Fund Landlords (BillMoyers)
The events in Ferguson last month laid bare many of the tensions that are simmering in America. In a report for The New York Times’ Dealbook, Matthew Goldstein adds another to the list: Americans are still reeling from the 2008 fiscal meltdown, the resulting crash in the housing market and monied interests taking advantage in minority neighborhoods like Ferguson’s.

Catalyst for higher rates (CNBC)