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 News: Leon Cooperman, Bill Ackman, Platinum Partners

Bill Walton, Old Einhorn Enemy, Makes A Comeback With Trump Role (Bloomberg)
Bill Walton was at the top of Washington’s finance establishment when he ran Allied Capital Corp. and sat on the Riggs Bank board alongside the city’s titans. Then the trouble began. Hedge fund manager David Einhorn accused Allied in 2002 of inflating the value of its holdings, sparking a fight that lasted years. A subsidiary that loaned to small businesses agreed to settle fraud claims with the Justice Department for $26.3 million in 2010, an executive went to prison and Allied, hobbled by the financial crisis, was sold. So was Riggs, after it was fined $16 million for helping former Chilean dictator Augusto Pinochet and Equatorial Guinea officials hide funds.

Cognizant Technology Can Do This The Easy Way Or The Paul Singer Way (DealBreaker)
IT-outsourcer Cognizant Technology CEO Francisco D’Souza returned to work after Thanksgiving to find that most unwelcome thing on his desk: A fat envelope with a return address on West 57th Street. Enclosed therein was Elliott Management’s take on his company, which boils down to: Stop wasting money trying to grow, because if you hadn’t noticed that’s not happening anymore, and start sending that money to us. Of course, no CEO likes to find out that Paul Singer just made his biggest-ever initial bet on his company. But it could have been so much worse. After all, it was just a letter and not legal service.

Samsung Sends Careful Message With Revamping Talks (The New York Times)
Samsung Electronics has set a cautious tone with Elliott Management, an activist hedge fund run by Paul Singer. The South Korean electronics giant, part of the larger Samsung empire that is controlled by the family of its chairman, Lee Kun-hee, says it will consider using a holding company structure. It is a measured but welcome response to the activist investor’s revamping proposals. Plans to increase dividends and buy back more stock also show that the company is serious about improving relations with its shareholders.

Tybourne Capital’s Anand Plans Asia-Focused Hedge Fund (Bloomberg)
Amar Anand, managing director and sector head at Tybourne Capital Management, is preparing to leave the Hong Kong-based money manager to start his own global Asia-focused hedge fund, according to a person with knowledge of the matter. Auroville Investment Management, also based in Hong Kong, will start trading a long-short equity fund April 1, the person said, requesting anonymity because the plans haven’t been publicly disclosed. The fund will use data science to complement its fundamental research methods and target annual returns of about 15 percent, the person said.

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.