Hedge Fund News: John Paulson, Nouriel Roubini & Jim Rogers

Hedge fund manager Topturn Capital partners with pro surfer (HedgeWeek)
Topturn Capital, a boutique investment management firm, is teaming up with professional surfer Joe Curren in a bid to take advantage of the SEC’s ratification of the JOBS Act and new marketing opportunities it presents. “The SECs recent ratification of the Jobs Act has dramatically changed everything,” says Dan Darchuck, Top Turn Capital’s co-founder and managing director. “When our industry leverages the ability to outwardly market alternative investments, things are going to get very competitive very quickly.

Entrepreneurial Spirit No Match For Financial Inducements (DealBreaker)
Only 418 hedge funds have been set up so far this year, compared to 725 and 780 established in the two preceding years respectively, according to Preqin, the data provider. John Griffiths, member of the regulatory compliance team at Kinetic, the consultancy, attributed the fall in new funds to investment banks “facing increasing competition for staff”. Despite the public furore around banker pay, competition has pushed up pay for strong performers, which “would reduce the financial incentive to set up a new fund,” Mr Griffiths said.

Jim Rogers touts China’s environmental, agricultural sectors (WantchinaTimes)
American investor Jim Rogers says he is investing in Chinese stocks again after seeing opportunities on the mainland for the first time in five years, reports the Guangzhou-based Southern Metropolis Daily. Rogers, the billionaire co-founder of the privately owned hedge fund Quantum, shared his investment insights over the weekend at an economic discussion forum in Guanghzou. The 71-year-old Rogers said his recommendation for investors is to keep a close eye on the movements of the Chinese government and news headlines, and to research new trends in the market.

“Dr. Doom” Predicts QE Reduction Will Help Korean Economy (Businesskorea)
New York University professor Nouriel Roubini, also known as “Dr. Doom,” remarked that the Fed’s tapering of the quantitative easing policy is likely to be a boon to the Korean economy. He met with Deputy Prime Minister and Minister of Strategy and Finance Hyun Oh-seok on November 4 and said, “The withdrawal of quantitative easing implies a recovery of the US economy, and thus it is expected to have a positive effect on the economy of Korea, one of its major trade partners,” adding, “The capital inflow to the United States following an interest rate hike and the strong dollar will be positive factors for the Korean economy, too.”

CARL ICAHN: Here’s How Rich You’d Be If You Bought Stock In Icahn Enterprises In 2009 (BusinessInsider)
Icahn Enterprises LP (NASDAQ:IEP), the publicly traded investment firm through which Carl Icahn works his magic, reported its third quarter earnings this morning. And say what you will about Wall Street’s most outspoken septuagenarian and his controversial activist investing strategy, but these numbers don’t lie. Icahn enterprises reported revenues of $5.7 billion for the three months ended September 30, 2013 and net income attributable to Icahn Enterprises of $472 million.

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